A strategist believes Solana will do better than Bitcoin this cycle after the crypto giant surges at least 164%, or $127,000 – $180,000.
A well-regarded crypto strategist suggests that Bitcoin could see a dramatic rise this cycle, potentially increasing by triple digits, while Solana may even surpass BTC’s performance.
The pseudonymous analyst known as Inmortal shared with his 217,800 followers on X that Bitcoin’s cycle peak could be 164% higher than its current price.
He predicts that the top could reach between $127,000 and $180,000, stating, “You might not be ready for this discussion.”
Inmortal also believes that if former President Donald Trump, who has expressed support for cryptocurrency, wins the upcoming U.S. presidential election in November, Bitcoin’s price could climb even further.
He remarked, “If the president wins the election, we go higher, much higher.”
Additionally, the analyst has highlighted Solana (SOL) as a potential outperformer, suggesting it could surpass both Bitcoin and Ethereum (ETH) in this cycle.
He noted, “Sell pressure is easily absorbed, but what stands out to me is SOL’s strength.
It will likely outperform both BTC and ETH again… The 2020-2021 period was for ETH, while 2024-2025 will be for SOL.
It’s the fastest horse in the race.”
As of now, Solana is trading at $165 after retracing from $177 levels.
Lastly, Inmortal identified critical levels that Bitcoin needs to maintain in the short term to stay on an upward trajectory.
He emphasized two key levels to watch for potential swing pattern failures (SFPs) or deviations:
- $64,800, which represents local lows.
- $63,300, the monthly open.
He concluded that Bitcoin is still in a favorable position to establish a higher low, but noted that falling below the monthly open would be concerning.
Another analyst is giving Bitcoin a massive price target of $300K-$500K following its halving price predictions.
Bitcoin (BTC) is currently trading at $66,730 at the time of this writing.
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Also Read: Analyst Now Predicts A Massive Solana Rally To $4,500
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