Analyst Pentoshi, known for making timely crypto predictions, is confident that Bitcoin (BTC) is on the verge of breaking out and reaching new all-time highs.
In a recent tweet to his 869,100 followers on X, Pentoshi shared his bullish outlook on Bitcoin, stating that he believes the leading cryptocurrency could hit $118,000-$120,000 in the near future.
As of now, Bitcoin is trading at $108,047, showing a slight decline over the past day.
Pentoshi is also closely monitoring the meme coin Floki (FLOKI), drawing parallels between its price action and that of Bonk (BONK), another meme token that saw significant growth.
According to Pentoshi, Floki’s chart resembles Bonk’s before its price explosion, suggesting that Floki could see a similar surge in the near future.
Pentoshi predicts that Floki could reach $0.000121 initially, with a potential to surge even higher to $0.000206. Currently, Floki is trading at $0.000081.
Regarding Bonk, Pentoshi anticipates a brief consolidation phase before another upward movement, with a target price of $0.0000367 if it breaks resistance at $0.0000258.
At present, Bonk is valued at $0.0000227.
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