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After marking the end of the crypto bull market, crypto analysts are now predicting a major rally in Bitcoin (BTC) and Ethereum (ETH) challenger Solana (SOL).
Popular cryptocurrency strategist Pentosi told his 612,000 Twitter followers that after nearly a year, he is no longer extremely bearish on Bitcoin.
After 10 months of bad luck, it’s hard to change my bias, but I think this will work out in the next two months. There is a reason for this.
According to Pentosi, Bitcoin’s diagonal resistance, which has kept BTC in a downtrend since November last year, It is approaching At the end of its life, he now expects a breakout rally towards $26,721.
At the time of writing, Bitcoin is trading at $19,054. Pentosi’s move toward his goal suggests he could rise above 40% in major cryptocurrencies.
As for smart contract platform Solana (SOL), Pentoshi sees Ethereum competitors rallying alongside Bitcoin.
Today we are full at $32.26. Looking for rides up to $37. Round up daily below local lows.
The FOMC (Federal Open Market Committee) doesn’t have any results until November either. 4.6% Fed terminal rate (pricing at maximum after moving from 0 to 4.6%). I think you can narrow it down. It’s now or never as the market is all at the high timeframe support which is the first test of the June low.
At the time of writing, Solana is trading at $33.56, down 1.50% over the past 24 hours.
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