A popular market analyst known for his timely crypto calls is now saying that Bitcoin (BTC) and Ethereum (ETH) will continue to rally.
Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Bitcoin may soon surge by more than 15% its current value whileEthereum may surge by more than 20% its current value.
“Higher soon. ETH to $4,800. BTC towards $120,000.”
Bitcoin is trading for $105,756 at time of writing, up more than 9% in the last seven days. Meanwhile Ethereum is trading for $3,992, up more than 7.4% in the past week.
The analyst also notes he believes that Bitcoin will reach the $150,000 price tag with or without support from President-elect Donald Trump.
“INTEL: Trump plans to focus on Bitcoin price, viewing it as another stock market. He aims for Bitcoin to reach $150,000 early in his presidency.”
Pentoshi believes Bitcoin will hit the $150,000 price target regardless of what Trump may do.
Says Pentoshi,
“Promises made promises kept. Honestly going there with or without [Trump] anyways.”
He also double-downs on his prediction that Bitcoin will hit $180,000 by 2026.
“$180,000 for one single BTC remains the target for 2025-2026 (has been my guess for past three years or so for this cycle) . With the recent developments it seems more and more likely.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here