Crypto Analyst Predictions for Bitcoin and Solana

A closely followed crypto analyst shares insights on Bitcoin (BTC) and Solana (SOL) price forecasts in a recent video update.

In the update for his 552,000 YouTube subscribers, the host of InvestAnswers indicates that Bitcoin is expected to increase by at least 43% before the current bull market ends.

Bitcoin Price Targets

• Current Analysis:

  • Price target raised to $136,000 from $120,000.
  • Super bull target: $154,000.

• Market Dynamics:

  • “Bitcoin is a peculiar animal – it’s all based on demand and supply. If demand continues as it does, these targets are very achievable,” he stated.
  • Spot ETFs are predicted to add at least another $48 billion in 2025.

• Historical Patterns:

  • Bitcoin’s peak is anticipated in Q3 or Q4 of next year, considering past trends.
  • Peaks occurred 518 days post-halving in 2015-2017 and 546 days post-halving in 2019-2021.
  • Forecasted timeframe: August to October.

Solana Price Targets

• For Solana, the analyst presents both conservative and bullish price targets:

  • Conservative target: $332.
  • Bullish target: $361.

• The analyst is optimistic about Solana’s potential to reach $500, noting, “All it takes is for someone to really understand fundamental analysis—this chain is darn cheap.”

• Current Price: Solana is trading at $193.42, marking a 5.18% increase over the last 24 hours.