Bitcoin Expert Predicts Parabolic Rise, Solana May Have Hit Bottom

According to macro expert Julien Bittel, Bitcoin is on the brink of a parabolic rise, following a familiar pattern seen in historical data. Bittel, who has a following of 69,400 on X, a social media platform, believes that Bitcoin is currently in a “boring” phase, but an exciting rally, which he refers to as the “banana zone,” is expected after the halving events. Bittel explains that this phase typically includes a pump leading up to the halving, followed by a sharp correction, sideways trading, a final dump to eliminate any remaining bullish sentiment, more sideways trading, and eventually, a rise in prices. Bittel advises patience during this period.

Based on his chart analysis, Bittel 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.

Meanwhile, Real Vision CEO Raoul Pal, who has a million followers on X, suggests that Solana, a competitor to Ethereum, may have reached a market bottom. Pal, a former executive at Goldman Sachs, advises potential investors to consider adding to their Solana positions, as he believes it is a good entry zone. He mentions that the bananas, referring to the potential gains, are slowly ripening and will be magnificent in the autumn.

According to Pal’s yearly chart analysis, Solana appears to be forming a bullish converging trendline pattern. Currently, Solana is trading at $136, showing a 2% increase in the last 24 hours.

Please note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. As with any investment, there are risks involved, and any losses incurred are the responsibility of the individual investor. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is it an investment advisor.