A Top Trader Declares Bitcoin Bull Market
A top trader, known as Bluntz, who accurately predicted the bottom of the 2018 bear market for Bitcoin (BTC), now believes that BTC has officially entered a bull market. Bluntz shared his view on social media, stating that Bitcoin’s recent rally above $27,000 has invalidated his previous bearish perspective. He suggests that it’s time to eliminate any bearish bias and embrace the bullish momentum.
Bitcoin is currently trading at $27,487. Bluntz is also closely monitoring Avalanche (AVAX), a rival of Ethereum (ETH). He believes that AVAX could experience significant price increases after forming a bullish market structure and undergoing a substantial decrease in value this year.
AVAX is currently valued at $9.31. Furthermore, Bluntz points out that several crypto assets have printed bullish engulfing candles, which may indicate an upcoming reversal of their downtrends. This development is seen as promising by traders.
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Hot Take: Bitcoin Bull Market Confirmed by Top Trader
A top trader, Bluntz, who accurately predicted the 2018 bear market bottom for Bitcoin (BTC), has declared that BTC is now officially in a bull market. This announcement comes after Bitcoin’s recent rally above $27,000, which invalidated Bluntz’s previous bearish view. Bluntz advises eliminating any bearish bias and embracing the current bullish momentum. Additionally, Bluntz is optimistic about Avalanche (AVAX), a competitor to Ethereum (ETH), as it may experience significant price increases due to its bullish market structure and previous decline in value this year. Traders are also observing several crypto assets that have printed bullish engulfing candles, suggesting potential reversals of their downtrends.
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