Market expert Bluntz has made bold predictions regarding the future pricing of Solana (SOL) and Bitcoin (BTC). In a recent analysis shared with his audience, he noted that SOL could be on the cusp of hitting a new peak after experiencing an “ABC correction” in its four-hour trading chart. He extended a similar forecast for Bitcoin, suggesting that it could bounce back from a low point of approximately $96,000 to soar as high as $130,000. Bluntz’s insights are informed by Elliott Wave Theory.
What Price Target Does Bluntz Set for Solana?
Bluntz pointed out that the recent downturn in Solana’s value coincides with the “ABC correction” pattern. This theory anticipates that following the completion of the B wave, a price increase is likely. He indicated that this upward movement could lead SOL to target $320, with clear signals present in the four-hour chart.
Can Bitcoin Surpass $130,000 Soon?
Bluntz also suggested a parallel situation for Bitcoin. He believes BTC may be nearing a low of $96,000, marking the end of its ABC correction, and could soon initiate a new upward trend. Under this scenario, Bitcoin might reach as high as $130,000.
Key takeaways from the analysis include:
- Solana targets a price of $320 post-correction.
- Bitcoin could rebound to $130,000 after hitting a low of $96,000.
- The predictions rely on Elliott Wave Theory, indicating potential new upward trends.
The recent market dynamics suggest that both cryptocurrencies might be on the verge of significant upward movements, driven by established technical patterns and market psychology. Investors should remain vigilant as these predictions unfold.
