We have been stating that we have maintained our expectation of the rise in Bitcoin and altcoins for a while and that the declines to be experienced are a buying opportunity. Investors who did not fall into the “bear trap” were delighted that Bitcoin is approaching its ATH by rising above $66,000 levels again today.
While Bitcoin is re-establishing its strong stance above $60,000, we see some altcoins achieving very good profitability.
While AVAX was close to the $100 target we set at $60 levels, Solana also broke new records.
Re-establishing the rise and strong stance in Bitcoin strengthens our expectation that the rises in altcoins will continue. Although Bitcoin’s coming to the forefront and its share in market dominance limited the rise in altcoins in this process, we think that the rise in altcoins will continue as Bitcoin enters the accumulation range again.
Solan $500?
In the November report published by the US stock market Kraken, the targets for Solana drew attention.
The report included the following findings regarding Solana:
“After breaking into the top five crypto assets by market cap, SOL has continued to attract more and more attention from new and existing market participants, especially institutions.
SOL remains in what can be considered the third wave of ‘price discovery’ which means SOL may continue to rise.
Our analysts say Solana appears to be in a good position to reach the top of the 18-month rising wedge pattern.
A test of this resistance could mean the SOL will climb as high as $400-$500 by next month and the first quarter of 2022.”
The report shows Solana’s price chart inside an ascending wedge as follows.
Ethereum $6500?
In the report, which shared the logarithmic waves of Ethereum, it was stated that if the momentum continued, the price could go up to $ 6500.
*Not Investment Advice.