From Coinpedia · By Steve Muchoki
Story HighlightsBitcoin and Ethereum have formed rising channels in the past two and five years respectively, placing their upper targets at $190K and $8,800 respectively.
XRP and Solana show bullish setups on their monthly charts, with upward projections at $31.87 and $2,744, respectively.
Historically, Q4 is by far the most profitable time of the year in the crypto market, with a few exceptions.
How high can Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP rise in this bull market? Here are our predictions:
Bitcoin
For the last two years, Bitcoin’s weekly chart points to a rising channel, with the first test at its previous high near $125,000. Breaking above this increases the chances for BTC to rally to the channel’s upper boundary near $190,000. At the current price of $84,173 this would represent a 2.26x multiplier or a 125.72% gain.
Source: TradingView
Ethereum
Similar to BTC, ETH’s monthly chart shows an ascending channel, but this one dates back five years. If ETH breaks through the former high near $5,000, its next projected target on the channel is $8,800. At the current price of $2,665, that high represents a 230.21% gain, or 3.30x multiplier.
XRP
XRP’s monthly chart shows an ascending triangle set up, with upper resistance near $3.66. A monthly close above this level could trigger a rally to the pattern’s upper ceiling near $31.87. At the current price of $1.47, XRP will need to experience a 2,068.03% gain, or a 21.68x on investment at today’s prices.
Solana
Finally, SOL monthly chart shows a cup and handle set up, with a neckline near $295. A monthly close above this level would confirm the breakout, and a surge to a projected target of $2,744. At the current price of $118.08, SOL will have multiplied by 23.25x. Of the four cryptocurrencies, Solana’s decisive breakout would bring the highest returns at 2,225.42%.
Q4 is crypto’s best quarter
Coinpedia has covered how Q4 is one of the best quarters for Bitcoin and the overall crypto market in the history of BTC. While the above targets point to a fruitfull bull cycle, they all rely on breakouts above the noted prices.
For the flagship cryptocurrency, previous resistance between $85,000-$85,500 has completely dissolved after buyers propelled the price above $86,000.
The next resistance lies at September’s high of $87,363, and thereafter the $90,000 psychology target.
TagsAltcoins Bitcoin Crypto news Ethereum Price Analysis Price Prediction Ripple (XRP)