Bitcoin Bullish Trend Predicted by Analyst Post-Halving
A well-known crypto analyst, operating under the pseudonym Bluntz, has shared optimistic views on Bitcoin (BTC) following the recent halving event.
Bitcoin Breakout Anticipation
- Bluntz, with a substantial following on the X social media platform, suggests that Bitcoin is gearing up for a breakout as indicated by the two-hour chartโs price action.
- The analyst points out a symmetrical triangle formation on the two-hour chart. Such patterns can be bullish or bearish, with bullish implications if the price surpasses the upper trend line.
- Bluntz highlights the $67,000 resistance level as a critical threshold for Bitcoin, predicting a significant market uptrend once this level is breached.
Analysis on Altcoin WIF
- Bluntz also provides insights on the Solana-based meme cryptocurrency dogwifhat (WIF).
- According to the analyst, WIF is on the verge of a breakout after consolidating in an ascending triangle on the four-hour chart for a fortnight.
- A three-wave downward pattern on the chart raises further technical considerations regarding WIFโs price movements.
Pepe (PEPE) Cryptocurrency Insights
- Bluntz offers an analysis of the Pepe (PEPE) meme coin, noting an upward acceleration trend.
- While recognizing a three-wave downturn completion for Pepe, Bluntz identifies a potential upside target near $0.000013, suggesting a notable price surge.
Hot Take: Analyst Optimistic About Bitcoin and Altcoin Trends
Analyzing various cryptocurrenciesโ price actions, including Bitcoin, WIF, and PEPE, Bluntz demonstrates a positive outlook on the markets in the near future.
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