Bitcoin’s Recent Surge
Glassnode co-founders Jan Happel and Yann Allemann say that recent inflation data is the main reason Bitcoin (BTC) just broke the $100,000 mark. They predict further movement, depending on whether Bitcoin can hold above $102,000. If it does, the price could hit $104,000 and even $108,000. However, falling below $100,000 might send it back down to the $97,200-$98,500 range. At the time of writing, BTC is trading at $101,604, a 7% increase over the past two weeks.
Solana’s Potential Breakout
Happel and Allemann also see big things for Solana (SOL), predicting a significant rally. If SOL can break through the $235 mark, it could reach its previous high of $264. Technical indicators like the Relative Strength Index (RSI) look promising, suggesting further upward movement is possible. They also suggest keeping an eye on related cryptocurrencies, JUP and WIF, which could also see gains. Currently, SOL is trading at $230, up 0.3% for the day.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
