Bitcoin, Ethereum, and Solana Predicted to Reach New Highs in October
Chris Burniske, cofounder of Placeholder, outlined potential price targets for major cryptocurrencies, suggesting a peak in October. His targets are:
- BTC: $142,690
- ETH: $6,900–$8,000
- SOL: ~$420
Burniske indicated that if market momentum accelerates through autumn, his confidence in these targets increases. He noted that lower-liquidity assets tend to decline faster after Bitcoin's price changes.
He presented analysis from Glassnode showing significant capital rotation from Bitcoin into altcoins, leading to improved performance in altcoins since April. This trend suggests healthy inflows into the altcoin market.
Burniske stressed the importance of risk management when investing, advising against making large trades all at once. He also mentioned Solana's potential for growth following Ethereum's performance.
The key takeaway is that investors should focus on the upcoming autumn period and maintain disciplined processes rather than relying solely on predictions.
As of now, BTC is priced at $121,799.
