A popular market analyst known for his timely calls on cryptocurrencies is now saying that Bitcoin (BTC) and Ethereum (ETH) will continue to rise.
A trader going by the pseudonym Pentoshi is telling his 834,500 followers on social media platform X that Bitcoin could soon rise by more than 15% of its current value, while Ethereum could rise by more than 20% of its current value.
“Soon higher. ETH up to 4800 US dollars. BTC is approaching $120,000.”
At the time of writing, Bitcoin is trading at $105,756, up more than 9% in the last seven days. Meanwhile, Ethereum is trading at $3,992, up over 7.4% last week.
The analyst also notes that he believes Bitcoin will reach $150,000 with or without the support of President-elect Donald Trump.
INTEL: Trump plans to focus on the price of Bitcoin, treating it like just another stock market. “He aims for Bitcoin to reach $150,000 early in his presidency.”
Pentoshi believes Bitcoin will reach its $150,000 price target no matter what Trump might do.
Pentoshi says:
“Promises are made, promises are kept. Honestly, I’ll go there with or without [Trump] Anyway.”
He also doubles down on his prediction that Bitcoin will hit $180,000 by 2026.
“$180,000 per BTC remains the target for 2025-2026 (I assume it has been for the last three years or so for this cycle). Given recent events, this seems increasingly likely.”
Generated image: Midjourney
