Predicting a Bitcoin Surge to New All-Time Highs
A popular crypto trader is forecasting that Bitcoin (BTC) will experience a sudden surge in price and reach a new all-time high, catching many people off guard. Pseudonymous analyst Bluntz, who has 226,800 followers on the social media platform X, believes that Bitcoin may be on the verge of a significant uptrend that could take BTC close to the $60,000 level within weeks.
Bluntz is a practitioner of Elliot Wave theory and predicts that Bitcoin is likely in the third phase of a 5-wave pattern to the upside. He anticipates minimal pullbacks relative to previous years and expects Bitcoin to experience faster recovery from dips.
Based on his chart analysis, Bluntz suggests that Bitcoin will reach new highs in mid to late 2024, with the fifth wave of the impulse propelling BTC through the $76,000 level.
At the time of writing, Bitcoin is trading for $34,695. Additionally, Bluntz has also predicted explosive moves to the upside for two altcoins – Ocean Protocol (OCEAN) and decentralized oracle provider Chainlink (LINK).
Hot Take: Unanticipated Bitcoin Price Explosion to Record Levels Expected by Top Trader
A widely followed crypto trader is predicting a sudden surge in Bitcoin’s price and a new all-time high. Bluntz’s forecast suggests an unexpected fast and hard run for BTC with minimal pullbacks compared to previous years. Based on his analysis of Elliot Wave theory, he anticipates that Bitcoin will reach new highs by mid to late 2024.
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