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Home»ALTCOIN NEWS»Analysts have revealed Bitcoin’s path to the top of the bull market and said this altcoin will be one of the first coins to hit record highs.
ALTCOIN NEWS

Analysts have revealed Bitcoin’s path to the top of the bull market and said this altcoin will be one of the first coins to hit record highs.

By Crypto FlexsApril 23, 20242 Mins Read
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Analysts have revealed Bitcoin’s path to the top of the bull market and said this altcoin will be one of the first coins to hit record highs.
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One closely watched analyst believes Bitcoin (BTC) will hit an all-time high in the next two weeks.

pseudonymous analyst Bluntz told his 256,600 followers on social media platform X that Bitcoin is in the midst of a third wave surge.

Bluntz utilizes Elliott Wave theory in his analysis. The theory is that assets tend to have five-wave rallies, with wave three being the longest and strongest.

Blunts says:

“We expect BTC to hit all-time highs in the next week or two.

From a macro perspective, I think we are currently in wave 5 of 3 larger waves and have several legs higher to come.

Ultimately, we expect it to be above $120,000 this cycle.”

source: Blunts/X

Looking at the trader’s chart, he seems to be predicting that BTC will rise from current levels to $90,000 before the fourth correction will see it fall back to $80,000. Following the wave 4 retracement, Bluntz expects BTC to explode to $120,000 in the fifth and final wave.

As of this writing, Bitcoin is trading at $66,836, up more than 2% in the last 24 hours.

Bluntz also has his radar fixed on Ethereum (ETH) competitor Near (NEAR). NEAR appears poised for an uptrend after completing an ABC corrective wave, according to a top analyst.

“It looks almost cool here, it was one of the strongest moves off the low and will probably be one of the first to make a new high.”

video
source: Blunts/X

Based on the trader charts, he seems to be predicting that NEAR will rise to $12. As of this writing, NEAR is valued at $7.02, up more than 9% in the past day.

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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 that you are responsible for any losses that may occur. 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.

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