A well-known crypto analyst, Pentoshi, is predicting significant price increases for Bitcoin (BTC) and Ethereum (ETH). He shared his forecast with his over 800,000 followers on X.
Price Predictions
Pentoshi forecasts a substantial jump for both cryptocurrencies:
- Bitcoin (BTC): He predicts a rise to $120,000, representing a more than 15% increase from its current price. He also maintains his long-term prediction of $180,000 by 2026.
- Ethereum (ETH):
He expects Ethereum to climb to $4,800, a potential increase of over 20%.
At the time of writing, Bitcoin is trading above $105,000, and Ethereum is trading above $3,900, both showing significant gains in the past week.
Trump’s Influence?
Pentoshi also mentioned that he believes Bitcoin will reach $150,000 regardless of any actions taken by President-elect Donald Trump. While he acknowledged rumors of Trump aiming for a $150,000 Bitcoin price, Pentoshi stated his prediction is independent of Trump’s potential influence.
Long-Term Outlook
Pentoshi remains confident in his long-term forecast of Bitcoin reaching $180,000 by 2025-2026, a prediction he’s held for several years. He believes recent developments make this target increasingly likely.
Disclaimer:
This information is for general knowledge only and does not constitute financial advice. Investing in cryptocurrencies is inherently risky. Always conduct your own research before making any investment decisions./p>
