After a recent price correction, a widely-followed analyst and trader that accurately predicted Bitcoin’s bottom in 2018, says the cryptocurrency king will go up.
Bluntz, a trader/analyst pseudonymously identified on social media as X, tells 326.100 of his followers that Bitcoin has likely corrected after it fell below $116,000 in price.
“Send it.”
The trader seems to be suggesting that Bitcoin has completed its ABC correction and is now aiming for new highs of $127,000.
Bluntz uses the Elliott Wave Theory, according to which a bullish investment tends towards a new upward trend after it has completed an ABC correction.
Bitcoin currently trades at $117.262 as of the time this article was written.
The next memecoin is Bonk (BONK). The widely-followed analyst claims that BONK has “held up exceptionally well” during a Bitcoin downturn.
Bluntz believes BONK is poised to reach the $0.000044 area after completing an ABC-wave downtrend pattern.
“I suspect that a BONK rage-pump is on the horizon.”
BONK was trading for $0.000035 as of the time this article is written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Bitcoin Primed to New All-Time high After Correction, according to Trader who Nailed 2018 BTC bottom – Here is His Target could be updated as new information becomes available.
