Placeholder Partners Predict Bitcoin Will Peak in October, with Target Prices of $6,900 for Ethereum and $420 for SOL

Blockchain Company Placeholder Partner Chris Burniske Predicts Bitcoin May Peak in October, Exceeding $140,000

Burniske noted that if the market remains hot from August to October, the likelihood of reaching a peak will significantly increase. He advises investors to gradually take profits during the upward trend to manage risk.

Table of Contents

• Prediction on BTC, ETH, SOL Price Trends
• Market Heat and Peak Timing

On Thursday, Burniske stated on social media platform X that he anticipates Bitcoin will peak in October, providing specific figures: Bitcoin will reach $142,690, Ethereum (ETH) will hit between $6,900 and $8,000, and Solana (SOL) will be around $420. Burniske emphasized that these numbers are merely better than pure speculation and not investment advice, as “we live in a world of memes.” (Note: The aforementioned predicted prices incorporate internet meme elements—69 being related to sexual positions and 420 originating from cannabis culture.)

Burniske further added that if prices reach these levels, it would imply a rise of approximately 20% for Bitcoin from its current position, a gain of about 40% to 60% for Ethereum, and a doubling for Solana. Calculating based on market capitalization, this would increase Bitcoin’s value by about $500 billion, Ethereum by approximately $230 to $350 billion, and Solana by about $100 billion.

Simultaneously, Burniske is optimistic about the implied performance of the ETH/BTC and SOL/BTC exchange rates, indicating he believes ETH and SOL will outperform BTC in the coming months.

Burniske then stated that the crazier the market is from August to October, the more inclined he is to believe the market will peak in October; conversely, if there is a noticeable pullback in the near term, the bull market may extend longer. He wrote:

Finally, he referenced past tweets to remind investors to maintain discipline during the upward trend and to consider reducing positions gradually to secure profits. He wrote:

Burniske is a seasoned trader in the cryptocurrency market, having experienced multiple bull and bear cycles, and successfully identified the cycle’s low point in November 2022. In April of this year, when news of U.S. tariffs triggered a major market drop, he accurately timed his entry into Bitcoin.