BTC, SOL Could Fall for at Least 2 Weeks, Crypto Trader Predicts

IconCryptoNewsTerminal Staff02 Aug, 2024

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BTC, SOL Could Fall for at Least 2 Weeks, Crypto Trader Predicts

Cryptocurrency trader Blunts has predicted a potential decline in the prices of Bitcoin (BTC) and Solana (SOL). According to Blunts, the market is likely to experience a period of indecision, with prices moving sideways for at least two weeks. He has converted most of his holdings to stablecoins in anticipation of this market behavior. Blunts believes that BTC could potentially bottom out around $60,000 before rallying higher. On the other hand, he believes that SOL has completed an Elliott Wave uptrend and could be due for a correction.