An analyst with a history of spot cryptocurrency trading explains his bullish goals for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Bluntz, a pseudonymous analyst, told his 287,800 followers on social media platform
Looking closely at Bitcoin, the analyst believes that BTC is in the midst of a fifth wave surge, pushing BTC towards a massive price target.
“BTC has been accumulating vertically for longer than originally expected, so naturally expansion will also be higher.
We are currently predicting BTC will reach $130,000-$150,000, waiting for further price action and how long the next few legs will extend.
Modifications are possible.”
Bluntz practices Elliott Wave Theory, which states that bullish assets tend to have five waves of uptrend. Based on trader charts, he appears to have predicted that Bitcoin would retreat to the $80,000 level in the short term and then rise further.
As of this writing, the value of BTC is $88,554, up more than 10% on the day.
Traders are also closely watching the memecoin Floki (FLOKI). Bluntz said FLOKI appears poised to trigger a new uptrend and head toward all-time high (ATH) levels after breaking out of its accumulation range.
“STILL TURBO FLOKI BULLS, 3 MONTHS OF MAJOR STACKING OUTSIDE TODAY. ATH IS NOT A MEME.”
As of this writing, FLOKI is worth $0.00018.
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