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June 15, 2024
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Bitcoin (BTC) and Solana (SOL) Price Might See Short-Term Rally This Week!

The post Bitcoin (BTC) and Solana (SOL) Price Might See Short-Term Rally This Week! appeared first on Coinpedia Fintech News

A well-known crypto strategist and analyst, Pentoshi, who had predicted the end of the bull market, has revealed his bullish stance towards Bitcoin (BTC) and another currency, Solana (SOL).

The analyst tries to claim his stance by informing his 612,000 followers over Twitter that his earlier bearish approach has flipped towards the ongoing bull run.

Though he stuck towards his bearish stance for almost ten months, he asserts brighter days ahead for the cryptocurrency.

Bitcoin (BTC) Above $26k?

As per the analyst, since November 2021, Bitcoin’s diagonal resistance has stopped BTC from rising above. However, now he claims that this phenomenon is seeing an end once and for all. 

Hence, based on this claim, Pentoshi predicts Bitcoin’s price action shall rise above $26,721.

At the time of publication, Bitcoin is valued at $19,063 after a fall of 0.14% in the last 24hrs. If Bitcoin bulls decide to move as per the analyst’s prediction, BTC will see a jump of nearly 40%.

Solana (SOL) At $37

Next, the expert discusses Solana (SOL), a smart contract platform and an Ethereum competitor.

The analyst says that Solana, selling above $32 at the moment, will see a bull run towards $37 as until November, there is no FOMC (Federal Open Market Committee). Hence, Pentoshi believes that overall, the Market is on high timeframe support.

At the time of writing, Solana is trading at $32.90 with a pullback of 2.83% over the last day.

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