An analyst who has won the rank of “trader master” on the bybit in the exchange of Crypto believes that Bitcoin (BTC) is now ready for a thrust at new record levels.
Pseudonymous Trader Bluntz said to its 321,100 subscribers on the social media platform X that Bitcoin completed an ABC correction after its brief drop below $ 100,000 during the weekend.
Bluntz practices the theory of Elliott waves, which indicates that an umbrella asset tends to attend new rallies after having concluded an ABC withdrawal.
Said the merchant,
“BTC resembling a beautiful ABC here, has rebounded on the lower channel and the range of recovered failure.
Send it to all time.
At the time of writing, Bitcoin is negotiated at $ 106,111.
Turning to Ethereum, the merchant thinks that Altcoin printed a bottom against Bitcoin (ETH / BTC) after also completing an ABC correction.
“ETH / BTC probably has the bottom here, in my opinion.”
At the time of writing, ETH / BTC is negotiated at 0.02308 BTC ($ 2451).
Regarding the same Dogwifhat based on Solana (floor), Bluntz thinks that WIF has also carried out an ABC correction and is now ready to light a overvoltage of five waves.
According to the principles of Elliott Wave, a five wave gathering is made up of three upward movements – waves one, three and five – and two corrective periods in the waves two and four.
“Still a lot of work to do and see the confirmation of price action, but I think there is a very real chance, a new pulse of return to all time on WIF has started.”
At the time of writing, WIF is worth $ 0.875.
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Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
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