Analyst Predicts New All-Time Highs for Bitcoin and Dogecoin
A top analyst with a strong track record of accurately predicting market bottoms believes that Bitcoin is poised for a significant rally to a new all-time high. Additionally, the analyst has updated his outlook on a popular meme coin that could also see a potential surge in the near future.
The Bitcoin Analysis
- Analyst Bluntz, known for his precise Bitcoin calls, suggests that BTC has hit a local bottom after completing a corrective wave pattern on the four-hour chart.
- Using Elliott Wave theory, which indicates that assets often see a new uptrend after a corrective wave, Bluntz is optimistic about Bitcoin’s future price action.
- Bluntz predicts that Bitcoin could surge to an all-time high of $82,228 based on his technical analysis.
- As of the time of writing, Bitcoin is valued at $63,535, leaving ample room for growth according to Bluntz.
Analysis of Dogecoin Rival
- Bluntz is also closely monitoring the price movements of dogwifhat (WIF), a meme coin that has garnered attention in the crypto community.
- He suggests that WIF may have found a local bottom around $1.80 and indicates the need for further price action to confirm this assumption.
- Observing the Fibonacci retracement levels, Bluntz highlights the $1.80 mark as a significant support level for WIF.
- Currently, WIF is trading at $2.38, and Bluntz awaits confirmation of a bullish trend on lower timeframes before predicting a potential rally for the coin.
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Image Credit: Midjourney
Hot Take: Analyst Foresees Bullish Trends for Bitcoin and Dogecoin Rival
Don’t miss out on the potential for Bitcoin to reach new all-time highs and for the dogwifhat (WIF) meme coin to experience a surge in price. Stay tuned for more updates and insights from the crypto market.
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