A well-known crypto analyst, Bluntz, is sounding a warning about Bitcoin. While Bitcoin’s price is currently high, Bluntz sees a potential bearish reversal.
Bitcoin’s Potential Dip
Bluntz, who correctly predicted a Bitcoin peak earlier this year, points to a bearish divergence on Bitcoin’s daily chart. This means that while the price is going up (or staying flat), the momentum behind the price increase is weakening – a classic warning sign. He cautions against holding long Bitcoin positions, particularly if the price closes lower today. At the time of this writing, Bitcoin is trading at $105,546.
Gold’s Expected Rise
In contrast to his Bitcoin prediction, Bluntz is bullish on gold. Using the Elliott Wave theory, he forecasts a significant gold price rally, potentially reaching a new all-time high of $3,600. Currently, gold is priced at $3,221.
Floki’s Predicted Movement
Bluntz also shared his thoughts on the memecoin Floki (FLOKI). He anticipates a dip to around $0.00008 before a price surge to $0.00018. FLOKI is currently trading at $0.000098.
Disclaimer: This information is for general knowledge only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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