Analyst Sees $190,000 and $2,744 Targets for Bitcoin and Solana
A popular technical analyst has shared bullish price expectations for Bitcoin, Ethereum, XRP, and Solana.
The analyst, Ali Martinez, examined long-term charts for the four assets and identified notable technical levels in the current bull cycle.
For Bitcoin, the first significant level is the previously seen peak of $125,000. If this level is surpassed, the upper limit of Bitcoin's long-term ascending channel could be tested, approximately $190,000.
Ethereum's monthly chart shows a rising channel that has been ongoing for five years, with the upper limit around $5,000 standing out as an important technical level. If Ethereum breaks above this region, the next target could be $8,800.
The analyst also noted a rising triangle pattern on XRP's monthly chart, with resistance around $3.66. A monthly close above this resistance could confirm the breakout, bringing the formation's technical target to around $31.87.
Solana's monthly chart shows a cup-and-handle pattern, with the neckline around $295. A monthly close above this level could strengthen the bullish scenario, and the technical target of the pattern could be around $2,744.