BTC, ETH, and SOL Targets Defined by Top Analyst

Chris Burniske, partner at venture capital firm Placeholder, has revealed some new price targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in his most recent social media post. 

The prominent cryptocurrency analyst believes that BTC will top out around $142,690. 

At the same time, he is convinced that ETH and SOL will reach $6,900 and $420, respectively. 

“The crazier prices get in August/September/October, the more conviction I’ll have in an October top. If we pull back hard soon, and get more muted, then perhaps we can extend this bull market for longer,” he said. 

He has warned investors that “everything” will drain out as soon as the tide turns for Bitcoin. 

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Approaching a new record high 

Bitcoin, the leading cryptocurrency by market capitalization, is zeroing in on a new record high after  $123, 

The leading cryptocurrency reached its previous peak of $123,236 in mid-July.

Since hitting the abovementioned peak, Bitcoin suffered a 9.5% correction, dropping to a local low $111,919 on Aug. 3. 

Ethereum’s big week 

Meanwhile, Ethereum is having another stunning week, recently surpassing the $4,700 level. ETH is now just 3% away from reaching a new record peak for the first time since November 2021. The cryptocurrency is currently changing hands at $4,718.

Solana’s stunning overperformance  

Meanwhile, Solana (SOL) is vastly outperforming both Bitcoin and Ethereum. Over the past 24 hours, the token has surged by another 5%, surpassing the pivotal $200 level.