Real Vision macro expert Julien Bittel believes that Bitcoin (BTC) is on the verge of going parabolic based on historical precedence.
Bittel tells his 69,400 followers on the social media platform X that Bitcoin is in a historical “boring” phase ahead of an expected “banana” rally that has come after the halving events when miners’ rewards are cut in half.
“What we’re currently witnessing in terms of Bitcoin price action is fairly typical around the actual halving: a big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to nuke any remaining bullish sentiment, another phase of boring sideways trading, and eventually, prices beginning to rise again. Basically, it’s the boring zone before the banana zone. Patience, friends.”
Looking at his chart, the analyst suggests Bitcoin could hit $240,000 by May 2025.
Bitcoin is trading for $64,876 at time of writing, up slightly in the last 24 hours.
Next up, Real Vision chief executive Raoul Pal tells his 1 million followers on the social media platform X that Ethereum (ETH) competitor Solana (SOL) may have formed a market bottom.
Says the former Goldman Sachs executive,
“If you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone. Let’s see! The bananas are slowly ripening, but should be magnificent in the autumn.”
Looking at his yearly chart, Pal suggests that SOL is forming a bullish converging trendline pattern.
Solana is trading for $136 at time of writing, up more than 2% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Bitcoin Approaching Post-Halving Parabolic Advance Phase, According to Real Vision Analyst appeared first on The Daily Hodl.
