A trader who nailed the 2018 Bitcoin bear market bottom believes that the most recent correction has put BTC in a position to rally to a new all-time high.
Top analyst Bluntz tells his 255,000 followers on the social media platform X that Bitcoin appears to have printed a local bottom after completing an ABC corrective wave on the four-hour chart.
The trader uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after an three-part ABC correction.
Says Bluntz,
“We got the sweep. I think that’s the low. BTC.”
Source: Bluntz/X
Looking at the trader’s chart, he appears to suggest that BTC will rally to a fresh record high of $82,228.
At time of writing, BTC is worth $63,535.
The trader is also keeping a close watch on the movements of memecoin dogwifhat (WIF). The analyst says that WIF may have printed a local bottom at around $1.80 but notes that more price action is needed to confirm his analysis.
“$1.80 hit and wicked straight
We współpracy z: https://dailyhodl.com/2024/04/14/trader-known-for-calling-bitcoin-bottoms-predicts-new-all-time-highs-for-btc-updates-outlook-on-dogecoin-rival/
