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Here Are the Bottom Prices for Bitcoin, Ethereum and Solana, According to InvestAnswers

A broadly adopted crypto analyst is revealing what he thinks the flooring is for prime cryptos Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

In a brand new video, the host of InvestAnswers talks to his 381,000 YouTube subscribers about what the subsequent correction or bear part may seem like for the crypto market.

The analyst says that Bitcoin has a very good shot of reaching the six-figure mark by early subsequent yr and {that a} 50% correction is the more than likely end result to observe except a macroeconomic occasion takes it down additional.

“I do believe retracements will be more of the order of 50%. So if we get Bitcoin to $100,000, which I believe is still very very possible early next year, we will retrace back to $50,000, maybe $42,000 in the worst-case scenario. Like heaven forbid if China invades Taiwan or something which is looking very probable, or Russia invades Ukraine, these are things that could happen. That could bring about – I don’t know if I’d call them ‘black swan’ events because everybody can see it coming – but if that happens, things could take a big hit.”

The analyst reiterates his backside goal for Bitcoin and additionally names costs for good contract platforms Ethereum and Solana.

“I do imagine $42,000 may very well be a very good backside for Bitcoin, and we noticed it being examined just a few instances over the final couple of months. Ethereum may simply return to the low $3,000s, or $2,400. Solana [could go to] $120, $150, simply the place we had been just lately. I believe they’re the true bottoms.

Remember if the world does collapse, that’s the hazard of investing, that’s whenever you need to maintain fiat that goes down by 15% as a result of different issues will pattern worse than that. “


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Disclaimer: Opinions expressed at The Daily Hodl should not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/Yauhen Paleski/pikepicture/Tun_Thanakorn/Fotomay

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