Despite expectations of cryptocurrency growth in October, reality has not met predictions. We examine expert forecasts for Bitcoin and Solana prices for the coming years.
Bitcoin Price Predictions
Since 2022, the cryptocurrency market has only seen significant gains in March of this year. A movement was expected following ETF approval, but there was an unexpected rapid deceleration. According to the graph shared by the 'Titan Of Crypto', BTC is expected to reach new heights exceeding $115,000 by late 2024 and possibly surpass $200,000 in the fourth cycle peak.
“Bitcoin is targeting the blue line.” “BTC is moving toward the blue line of the Power Law Corridor. This breakout may occur by the end of 2024 or in 2025.”
Solana (SOL) Forecast
At the time of writing, the SOL coin is priced at $167, maintaining a significant level. Despite Bitcoin's decline, SOL did not drop as much. Carl noted that if the symmetrical triangle breaks upward, it could continue rising toward $176. The next important level for SOL Coin is $188, and breaking the resistance at $210 could lead to a new all-time high.
Current Market Situation
Bitcoin stands at $67,219, with a daily low of $66,571. Currently, SOL is up by 2% today.
Current cryptocurrency market conditions do not align with the expected forecasts for October; however, experts continue to anticipate price growth for Bitcoin and Solana in 2024 and 2025.