Bitcoin Bottom and Rally
A seasoned trader who accurately predicted the Bitcoin bottom in 2018 believes the recent dip has set the stage for a rally to new all-time highs.
Analyst Bluntz analyzed the Bitcoin chart using Elliott Wave theory, which suggests a three-part correction followed by an uptrend. Bluntz believes Bitcoin has completed this correction and is poised to reach a record high of $82,228.
Memecoin Dogwifhat (WIF) Outlook
Bluntz is also monitoring the price action of the memecoin Dogwifhat (WIF). He suggests that WIF may have found a temporary bottom at $1.80, but further confirmation is needed. Bluntz is waiting for a five-wave rally on lower timeframes to confirm his analysis.
At the time of writing, Bitcoin is trading at $63,535, while WIF is valued at $2.38.
