The US Federal Reserve’s interest rate cuts have caused significant volatility in global financial markets, and renewed interest in the cryptocurrency market. Low interest rates and increased liquidity are driving many investors to speculate about the future of cryptocurrencies. In his latest video on his YouTube channel Thinking Crypto, well-known analyst CrediBULL Crypto discusses Bitcoin$BTC
He shared ambitious price predictions for (BTC), Ethereum (ETH), Solana (SOL), and XRP.
According to the analyst, Bitcoin is currently in a long consolidation period and it is natural for prices to move in a narrow range. Bitcoin's past price movements are similar to the examples of corrections at $30,000 followed by increases to $71,000. CrediBULL evaluates this situation as a short-term respite before a long-term rise.
In his prediction based on Elliott Wave Theory, he predicts that Bitcoin is nearing the end of the Fourth Wave and the beginning of the Fifth Wave. This fifth wave could indicate major price increases. The analyst states that Bitcoin could reach $150,000 with a 250% increase from current levels and could go even further to the $110,000 to $300,000 range.
Ethereum$ETH
is currently in a correction phase. The analyst states that Ethereum’s price action is largely dependent on Bitcoin, so a boom in Bitcoin could also boost Ethereum. CrediBULL predicts that if Bitcoin reaches $150,000, Ethereum could rise to $5,000 to $10,000.
Solana, on the other hand, draws attention with its high transaction speed and low costs, but the analyst expects a correction in the short term. It is possible that Solana will retreat to the $ 120-130 range, but he emphasizes that this correction will not affect long-term growth. In the long term, it is estimated that Solana's price may reach $ 1,000.
XRP$XRP
, is preparing to enter a new era after the long-running SEC lawsuit. According to the analyst, XRP could experience a major price increase after the consolidation period ends. The initial target is $3.35, but more ambitious estimates are that double-digit figures can be seen between $10 and $30.
This potential increase could be long-awaited good news for XRP investors. Ripple’s relationships with financial institutions and XRP’s potential use in international payment systems could lead to the cryptocurrency gaining momentum.
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