Solana appears poised for a bullish breakout to $2,700 if it breaks above the neckline of a major cup and handle pattern, according to an analyst. In a July 12 post on X, pseudonymous crypto analyst Martinez, who has over…

Solana’s break above $170 could trigger a 1500% rally to $2,700, analyst says

The Bitcoin price is once again commanding the spotlight as bullish momentum 
propels the leading cryptocurrency to new all-time highs. With the price 
already breaking past the $122,000 mark, analysts are growing increasingly 
confident in the potential for even higher targets. A recently shared chart 
analysis by market expert CrediBull Crypto suggests that the current rally is 
far from—and most importantly, no major dips are expected along the way. As a 
result, he has forecasted that BTC could see a significant price surge to 
$155,000 soon. Bitcoin Price Action Clears Path To $155,000 Bitcoin’s momentum 
continues to gather steam, with technical indicators from CrediBull Crypto’s 
wave analysis report signals a bullish continuation that could propel the 
cryptocurrency’s price to $155,000 in the coming weeks. The analyst’s new wave 
count projection suggests that Bitcoin is firmly in the middle of a powerful 
upward leg, with minimal signs of a pullback ahead. Related Reading: Bitcoin 
Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ 
CrediBull Crypto’s shared price chart highlights a well-formed textbook 
Elliott Wave structure that suggests that Bitcoin is in the early stages of a 
strong Wave 3. Notably, BTC’s recent breakout above the $112,000 range shifted 
market sentiment in a bullish direction. What once served as resistance was 
quickly flipped to support, and now price action is clearing a path toward 
even higher ATH targets as momentum continues to build. A critical factor 
supporting the analyst’s optimistic BTC outlook is the daily demand zone 
between $98,000 and 101,000. This area served as the launch point for the 
previous rally above $112,000 and has remained untested ever since. With 
selling pressure diminishing and strength building, CrediBull Crypto believes 
that the price of Bitcoin will stay well above the $110,000 level. He also 
views a retest to $112,000 or a decline to $110,000 or below as highly 
unlikely under current bullish conditions. According to the analyst, Bitcoin&#8217;s 
projected path forward places it near $135,000 by the completion of Wave 3, 
followed by a brief period of consolidation before a final push toward 
$155,000. Bitcoin Rise Above $120,000 Is Just The Beginning As Bitcoin 
continues its ride above $120,000, Crypto Fella, a market expert on X, has 
cited the potential for the cryptocurrency to enter price discovery mode and 
skyrocket to uncharted levels. The analyst’s chart highlights a well-defined 
ascending trendline beginning in early 2023, with three distinct rally zones 
marked by purple rectangles. Each of these phases showcases consolidation 
followed by an aggressive upward move, suggesting a clear pattern of 
accumulation and breakout. Related Reading: Market Expert Says It’s Now 
‘Illegal’ To Short Bitcoin, Here’s Why The current leg of Bitcoin’s rally 
appears to mirror this trend from past bullish cycles but with greater force, 
hinting that the leading cryptocurrency could be on the verge of a parabolic 
surge. A key target identified in Crypto Fella’s analysis sits around the 
$138,206 level, which aligns with the projected continuation along the 
trendline. This level represents the next major psychological resistance and 
could mark the entrance into a new phase of price discovery. Featured image 
from Pixabay, chart from Tradingview.com

Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

US House leaders have designated this week as “crypto week,” during which 
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