A popular crypto analyst believes Bitcoin is poised for a big jump. The Crypto Dog, who has over 800,000 followers on social media, thinks Bitcoin could break through $65,000, triggering a wave of buying from traders who have been sitting on the sidelines.
Bitcoin Breakout Could Trigger FOMO
“If Bitcoin breaks above $65,000, it’s going to create serious FOMO,” The Crypto Dog said. “The strength of Bitcoin compared to other cryptocurrencies could be what it takes to push it past $70,000.”
The analyst believes the recent Bitcoin dip is just a “shakeout” designed to force traders to sell their coins before the big rally. He also expects Bitcoin to start its climb if it breaks through a key resistance level around $62,000.
Analyst Goes Long on Bitcoin, Short on Solana
The Crypto Dog is already starting to buy Bitcoin, as it trades around $60,600. However, he’s not so optimistic about Solana (SOL), predicting a 17% drop in its price before it stabilizes.
“I think we could see Solana fall to the $120s,” he said. “SOL is strong, but it’s powerful both going up and down.”
Solana is currently trading at $142.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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