Analyst Predicts Bitcoin to Surge to New Record Highs
Analyst Bluntz, who has achieved the “Master Trader” rank on Bybit, a popular crypto exchange, is optimistic about Bitcoin’s future. With over 321,100 followers on X, he recently shared his insights on the leading cryptocurrency’s potential for a significant rally.
Bitcoin Completes ABC Correction
According to Bluntz, Bitcoin recently completed an ABC correction after a brief dip below $100,000 over the weekend. Utilizing the Elliott Wave theory, which suggests that bullish assets often experience new rallies following ABC pullbacks, Bluntz is confident in Bitcoin’s upward trajectory.
Ethereum and Dogwifhat Also Poised for Gains
Bluntz also shared his thoughts on Ethereum and the Solana-based memecoin, dogwifhat. He believes that Ethereum has found a low against Bitcoin after completing an ABC correction, while dogwifhat is ready to ignite a five-wave surge.
Bluntz’s analysis of these altcoins suggests potential bullish movements in the near future, with Ethereum trading at 0.02308 BTC ($2,451) and dogwifhat priced at $0.875 at the time of writing.
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