The widely respected cryptocurrency analyst and trader is bullish on Bitcoin (BTC).
The analyst and trader, who goes by the pseudonym Bluntz, told his 309,200 followers on social media platform
According to analysts, Bitcoin is poised to rise at least 17% from current levels.
“It takes a low, makes everyone capitulate, and then goes up without a drop, forcing side traders and investors to push the price higher.
I think this next step should be the one that gets us above $120,000.”
According to a chart prepared by an anonymous analyst who regularly applies Elliott Wave Theory to technical analysis, Bitcoin is at the end of a five-wave pattern that began in September 2024. According to Elliott Wave Theory, Bitcoin’s main trends are as follows: Asset prices move in a five-wave pattern, while corrections occur in a three-wave pattern.
At the time of this writing, Bitcoin is trading at $102,580.
The analyst also gives his opinion on the memecoin FLOKI (FLOKI). According to Bluntz, FLOKI is forming a three-day double bottom pattern. The double bottom pattern is generally considered a bullish reversal pattern.
FLOKI is trading at $0.000179 at the time of this writing.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney