A popular crypto analyst, known as Bluntz, is predicting a huge surge in Bitcoin’s price, potentially sending it well above $100,000. He believes Bitcoin is in the early stages of a “parabolic rally,” a rapid and intense price increase.
Bitcoin’s Big Move
Bluntz, who has a history of making accurate Bitcoin predictions, uses the Elliott Wave theory to analyze market trends. This theory suggests that assets go through five distinct phases of movement, with three upward waves and two downward corrections.
According to Bluntz, Bitcoin is currently in the middle of a major upward wave, and could reach $106,000 before a brief correction. After that, he expects Bitcoin to explode to $122,000.
Other Cryptocurrencies in the Spotlight
Bluntz isn’t just bullish on Bitcoin. He also sees potential for Dogecoin (DOGE) and dogwifhat (WIF) to make significant gains. He believes DOGE is in the early stages of a five-wave rally, with a target price of $0.40.
He’s also optimistic about WIF, noting a bullish divergence signal on its chart, which suggests the coin is poised for a price increase.
Important Note: Don’t Take This as Investment Advice
It’s important to remember that these are just predictions from a single analyst. The crypto market is highly volatile, and prices can fluctuate dramatically. Always do your own research and consult with a financial advisor before making any investment decisions.
