A pseudonymous analyst known as Bluntz, who accurately predicted the bottom for Bitcoin during the 2018 bear market, is now suggesting that Solana (SOL) is gearing up for a significant price surge. With a Twitter following of 223,500, Bluntz shared a chart indicating that Solana could potentially reach $100 by October. He even contemplates going all-in on SOL for a few months due to the clean upward channel breakout he sees, which reminds him of Bitcoin’s rally in January when it was priced at $18,000.
At the time of writing, SOL is trading at $25.71, implying a potential increase of more than 288% if it reaches Bluntz’s target.
Bluntz also shares his thoughts on Ethereum, stating that the leading altcoin seems ready for a massive breakout rally against Bitcoin (ETH/BTC). He believes that the nearly year-long ETH/BTC wedge breakout will be a glorious sight. He further expresses his opinion that Ethereum has likely already hit its bottom and that he is excited to see it rise above 0.07 BTC ($2,101). Bluntz believes that not enough people are positioning themselves for this breakout and that many will be caught off guard.
According to the trader’s chart, he predicts that the ETH/BTC pair could rise to a high of 0.112 BTC ($3,362). Currently, ETH/BTC is valued at 0.06337 BTC ($1,902).
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As for Bitcoin itself, Bluntz anticipates a potential bounce after briefly dipping below $30,000. He observes promising signs on the low timeframes for BTC, specifically pointing out the reclaim of the low timeframe range that was broken down from after testing the lower end of the higher timeframe range. In his opinion, the worst-case scenario is a few days of upward movement, while the best-case scenario is new highs for Bitcoin.
At the time of writing, BTC is valued at $30,021.
It is important to note that the opinions expressed by Bluntz are his own and should not be considered investment advice. Investors should conduct thorough research and analysis before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are undertaken at an individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl, where this content was sourced, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor.
In conclusion, Bluntz, a trader known for accurately predicting Bitcoin’s price movements, suggests that Solana is setting up for a significant price appreciation. He anticipates that Ethereum will experience a breakout rally against Bitcoin and predicts potential high levels for both Solana and Ethereum. Additionally, he believes that Bitcoin is primed for a bounce after a temporary drop below $30,000.
