A crypto expert who’s known for correctly predicting Bitcoin’s lows believes the coin is about to take off and hit new all-time highs.
Bitcoin’s Bullish Run
Analyst Bluntz, who has over 264,000 followers on social media, says Bitcoin has finished a correction period and is ready to surge. He uses Elliott Wave theory, which suggests that an asset will experience a strong five-wave rise after a three-wave correction.
Bluntz believes Bitcoin is poised to break through $60,000 and head towards a new record high around $80,000. He’s also seeing a bullish divergence on the daily chart, which is a sign that Bitcoin is gaining momentum even if the price isn’t rising significantly.
The Bull Market Isn’t Over Yet
Bluntz believes the bull market will continue until early 2025. He thinks Bitcoin is about to start its fifth and final wave of this cycle, which could take it all the way to $100,000.
Important Note: This is just one analyst’s opinion. It’s important to do your own research before investing in any cryptocurrency.
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