Bitcoin’s Price Action
A crypto analyst, Bluntz, believes Bitcoin is poised for a breakout based on its two-hour chart. The chart shows a symmetrical triangle pattern, which could indicate a breakout above $67,000. Bluntz predicts that if Bitcoin breaks through this resistance level, “the whole market flies.”
Solana’s Memecoin
Bluntz also analyzed Solana’s memecoin, dogwifhat (WIF). He suggests that WIF is close to a breakout after forming an ascending triangle on its four-hour chart. The analyst also points to a three-wave pattern in WIF’s price action, which could indicate a bullish trend.
Pepe’s Upside Potential
Bluntz is bullish on the Pepe (PEPE) memecoin as well. He believes Pepe has completed a three-wave pattern to the downside and has identified a Fibonacci retracement level that could lead to a 66% appreciation from current levels.
Conclusion
Bluntz’s analysis suggests that Bitcoin and other cryptocurrencies could experience a surge if Bitcoin breaks above $67,000. Investors should note that this is just one analyst’s opinion and should do their own research before making any investment decisions.
