With the Federal Reserve’s recent decision to cut rates, the cryptocurrency market is abuzz with speculation. Many investors are curious if this monetary policy shift will spark a new crypto boom. To provide clarity, renowned analyst CrediBULL Crypto has shared some eye-opening price predictions for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP on the Thinking Crypto YouTube channel. These insights could be pivotal for your investment strategy, as a major bull run appears to be on the horizon.
Bitcoin Price Prediction: $150k Next
CrediBULL Crypto observes that Bitcoin is currently in an extended consolidation phase. While this might cause some concern among traders, it’s a normal occurrence when looking at previous corrections, such as the dip to $30k before surging to $71k. Current analysis suggests that we may be nearing the end of Wave Four, with Wave Five potentially initiating soon. This could result in significant price movements and a “parabolic blow-off top.”
Although the analyst did not specify the exact timing of the breakout, he projects that Bitcoin could reach approximately $150k, representing a 250% increase from current levels. Ambitious investors might even see Bitcoin hitting between $110K and $300K during this cycle.
Ethereum Eye For $10K
Moving on to Ethereum, Credible Crypto highlights that the current correction phase is not yet complete, anticipating a final lower low before a rebound occurs. Examining the three-month chart, he notes a consolidation phase akin to the rise from $1.5K to $4K.
Additionally, the analyst points out that Ethereum’s price movements are closely linked to Bitcoin. If Bitcoin reaches the $150,000 mark, Ethereum could potentially double or triple, targeting between $5K and $7K. There is also the possibility of Ethereum surging to $10K under favorable market conditions.
Solana Price To Hit $1000K
Credible Crypto also provides insights on Solana, which has shown strong performance recently. However, he predicts a price cooldown might be imminent. He emphasizes a crucial resistance level in the Solana-Bitcoin pairing that could lead to a dip to the $120-$130 range before any future rise.
While the analyst believes Solana could eventually achieve a price of $1,000, he stresses the importance of a correction for healthy growth. In the interim, he advises investors to seek better opportunities elsewhere.
XRP Ready To Soar: $3.3
Lastly, Credible Crypto mentions that XRP is on the brink of a significant price movement following years of consolidation. The coin has been in a sideways trend since 2017, mainly due to the SEC lawsuit.
Now that the lawsuit has been resolved, analysts suggest that XRP could break free and reach new highs of $3.35. There is also potential for XRP to jump into double digits, ranging between $10 and $30.
As the crypto market gears up for what could be a monumental bull run, these predictions from Credible Crypto offer valuable insights that could help shape your investment strategy. Stay tuned to market developments and be prepared for significant price movements across these major cryptocurrencies.
