A largely followed analyst and merchant who predicted precisely the bottom of Bitcoin (BTC) in 2018 says that the crypto king is ready to go higher after a recent correction.
The trader and analyst known in a pseudonym manner under the name of Bluntz tells his 326,100 subscribers on the social media platform X that Bitcoin probably made the correction after falling below the price level of $ 116,000.
“Send it.”
Looking at the trader’s table, it seems to suggest that the Bitcoin ABC correction is carried out and BTC now targets new peaks of all time at $ 127,000.
Bluntz follows the theory of Elliott waves, which stipulates that an umbrella asset tends to attend a new upward trend after having made an ABC correction.
Bitcoin is traded at $ 117,262 at the time of the editorial staff.
Then the Bonk (Bonk) same. According to the widely followed analyst, Bonk “remarkably resists well” in the middle of a Bitcoin correction.
Bluntz suggests that Bonk has completed an ABC-Wave model downwards and is now ready to reach the price area of $ 0.000044.
“Not only does Bonk look like a pretty Clear ABC has already been put, but he kept strong and defended the stockings while BTC threw …
I suspect that a rage pump is imminent in Bonk. »»
Bonk is traded at $ 0.000035 at the time of the editorial staff.
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