A popular crypto analyst, Bluntz, is predicting significant price increases for both Floki (FLOKI) and Bitcoin (BTC). Bluntz, who uses Elliott Wave theory to analyze market trends, shared his predictions with his over 300,000 followers on X.
Floki’s Bullish Future
Bluntz believes the meme cryptocurrency Floki is forming a bullish triangle pattern. He suggests that Floki has potentially completed an ABCDE wave pattern, setting the stage for a substantial price increase. He predicts Floki could reach a price target of over $0.0001600. At the time of writing, Floki is trading slightly below this at $0.0001412. Bluntz comments that after a period of sideways movement, a significant price jump is imminent.
Bitcoin’s Next All-Time High
Looking at Bitcoin, Bluntz forecasts new all-time highs exceeding $125,000. He suggests that Bitcoin might undergo a minor correction to around $115,000 before resuming its upward trajectory. This correction, according to Elliott Wave theory, would be a typical ABC pullback before another significant rally. Bluntz expects any early week weakness to be bought up by Tuesday. Bitcoin is currently trading at $119,105, slightly up for the day.
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