Bitcoin & Solana Price Action: Understanding Volatility & Potential Targets

Bitcoin’s price has seen a significant drop, falling below $5,000 and reaching a daily low of $103,528. This downturn has triggered over 10% losses in the broader cryptocurrency market. While these fluctuations are influenced by factors such as cryptocurrency reserves, ETF activity, and regulatory developments, maintaining crucial price levels for Bitcoin remains critical. We’ll explore potential targets for Solana (SOL), analyze key indicators from the perspective of CryptoBullet’s Elliott Wave theory, and delve into experts’ perspectives on the direction of Bitcoin.