A popular crypto analyst, known as Bluntz, predicts Bitcoin (BTC) is ready to surge after its recent dip. Bluntz, who correctly called the 2018 Bitcoin bottom, believes the correction is over.
Bitcoin’s Next Move
Bluntz, boasting over 300,000 followers on X, shared a chart suggesting Bitcoin has completed its ABC correction pattern. He anticipates a new all-time high, targeting $127,000. This prediction is based on the Elliott Wave theory, which suggests a new uptrend follows an ABC correction. At the time of writing, Bitcoin is trading around $117,262.
Bonk Memecoin Also in Focus
Bluntz isn’t just focused on Bitcoin. He’s also bullish on the Bonk (BONK) memecoin. He notes that BONK held its value surprisingly well during Bitcoin’s correction, completing its own ABC pattern. He expects a significant price increase, targeting $0.000044. BONK is currently trading at $0.000035.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.