By Nermeen Nabil Khear 
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC).
The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering.
According to the analyst, Bitcoin is primed to rally by at least 17% from the current level.
“Take the lows, make everyone capitulate and then up only with no dips forcing sidelined traders and investors to chase price higher.
This next leg up should be the one that takes us to $120,000+ in my opinion.”
Based on a chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis, Bitcoin is in the last part of a five-wave pattern that started in September of 2024. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Bitcoin is trading at $102,580 at time of writing.
The analyst also offers his take on the memecoin FLOKI (FLOKI). According to Bluntz, FLOKI is forming a double-bottom pattern on the three-day time frame. A double-bottom pattern is typically considered a bullish reversal pattern.
FLOKI is trading at $0.000179 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target appeared first on The Daily Hodl.
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC). The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering. According to the analyst, Bitcoin is primed to
The post Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target appeared first on The Daily Hodl. Altcoins, Bitcoin, analysis, BTC, Floki, News, Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.