Bitcoin, according to macro expert Julien Bittel, is poised to undergo a parabolic surge based on historical patterns. Bittel, who has a substantial following on social media, explains that Bitcoin is currently in a “boring” phase, which typically occurs before a significant rally known as the “banana” zone. This rally usually follows the halving events, where miners’ rewards are halved. Bittel advises patience during this phase, as it is a precursor to the exciting price movements that lie ahead.
Bittel’s chart analysis suggests that Bitcoin could reach $240,000 by May 2025. At the time of writing, Bitcoin is trading at $64,876, showing a slight increase in the past 24 hours.
Switching gears, Real Vision CEO Raoul Pal shares his thoughts on Solana, a competitor to Ethereum. Pal suggests that Solana may have reached a market bottom, presenting a potential opportunity for investors to add to their positions. Pal believes that the bananas, metaphorically representing the market’s positive movement, are slowly ripening and will be at their best in the autumn.
Pal’s analysis of Solana’s yearly chart indicates that the cryptocurrency is forming a bullish converging trendline pattern. Currently, Solana is trading at $136, showing a more than 2% increase in the past 24 hours.
It is important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research and exercise caution when making high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article was sourced from, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice.
