After an eventful 2024 filled with many important milestones for cryptocurrencies, especially Bitcoin, many analysts are looking positively at 2025.
One of these analysts was Peter Chung, Head of Research at Presto Research. Speaking to CNBC recently, Chung explained his expectations for 2025 Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Stating that Bitcoin and altcoins will continue the upward momentum they experienced in the last months of 2024 in 2025, Chung claimed that Bitcoin will rise to $210,000 in 2025.
Chung also added that he expects Solana to hit $1,000.
The analyst lastly noted that Ethereum is likely to strengthen against Bitcoin, with the ETH/BTC ratio expected to recover to 0.05 from the current levels of 0.036.
Chung explained that he based his Bitcoin price target on the market value to realized value (MVRV) ratio.
*This is not investment advice.
