A trader known for accurately predicting the 2018 Bitcoin bear market bottom is now optimistic about Bitcoin’s potential to reach a new all-time high. Using Elliott Wave theory, the trader believes that Bitcoin has completed a corrective wave and is now poised for a significant rally. The trader, known as Bluntz, shared his analysis with his followers on the social media platform X, indicating that Bitcoin may have hit a local bottom.
In his analysis, Bluntz suggests that Bitcoin could surge to a new record high of $82,228, based on the chart he provided. Currently priced at $63,535, Bitcoin’s potential for a major rally has caught the attention of many investors. Additionally, Bluntz is closely watching the movement of meme coin dogwifhat (WIF), speculating that it may have also hit a local bottom at around $1.80. However, further price action is needed to confirm his analysis.
As of now, WIF is valued at $2.38, with Bluntz waiting for more conclusive signs of a potential uptrend. By closely monitoring these digital assets and analyzing price movements, traders like Bluntz provide valuable insights for investors seeking to navigate the volatile cryptocurrency market. With Bitcoin potentially on the brink of a significant rally, all eyes are on the cryptocurrency’s future price action.
