A well-known crypto trader, known as Bluntz, is predicting a rough patch for the broader crypto market. He’s telling his followers on X (formerly Twitter) that the market is likely to experience a “minimum two weeks of downturn.”
Bluntz’s Bearish Outlook
Bluntz is so bearish that he’s switched most of his crypto holdings to stablecoins, which are cryptocurrencies pegged to the value of the US dollar. He’s not planning to buy any crypto for the next few weeks, and will re-evaluate his strategy then.
Bitcoin’s Downward Trend
Bluntz believes Bitcoin is headed down for another two weeks, and could bottom out around $60,000. After that, he thinks it could climb to a new all-time high of $82,000.
Solana’s Price Dip
Bluntz is also bearish on Solana, predicting that it’s about to drop after a recent price surge. He’s using the Elliott Wave theory, a technical analysis tool, to support his prediction.
Important Note: This is just one trader’s opinion. It’s always a good idea to do your own research before making any investment decisions.
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