Crypto Market Prepares for Bull Run as Key Assets Reach New Cycle Targets
The cryptocurrency market is expected to rebound as it enters October, traditionally a strong month for digital assets. Analyst Ali Martinez believes that Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) may reach new all-time highs during the next bull run.
BTC has been trading within a rising channel for two years, with its upper boundary near $190,000 in focus as a potential cycle target. Martinez notes that whale accumulation is increasing, with large investors scooping up over 41,000 coins in about 10 days.
Similarly, ETH's monthly chart shows an even longer channel that stretches back more than five years, with the upper boundary near $5,000 to watch. A break above this level could project a move toward $8,800.
On the other hand, XRP is forming an ascending triangle on its 30-day chart, with resistance near $3.66. A monthly close above this zone would confirm the breakout and potentially trigger a mega bull run toward $31.87.
SOL's SOL has formed a classic cup-and-handle pattern, with the neckline near $295. A monthly close above it would strengthen the bullish case, projecting a potential target near $2,744.