Popular cryptocurrency analyst Bluntz, member of the Solana network dogwifhat He stated that the price could gain more than 100%. The analyst says that the bearish three-wave pattern on the WIF daily chart may be followed by a bullish wave trend. stated.
Bluntz, who uses the “Elliott Wave Theory” in his analysis, believes that the main trend of an asset occurs in a five-wave formation. Three waves in the formation represent corrections.
Based on Bluntz’s chart, the strategist Dogwifhat priceHe estimates that TL could rise by approximately 272% from its current level in a five-wave model.
WIF is trading at $0.222 at the time of writing and has gained 4.2% in the last day.
Bitcoin Continuing his analysis with , Bluntz predicts that the leading crypto asset will likely continue trading in a sideways range before potentially breaking upwards.
There has been a very boring price movement in Bitcoin for the last two days. I still think maximum pain is sweeping both sides of the range but I’ll continue to watch.
According to Bluntz’s chart, a scenario in which Bitcoin first rises above $ 44,000 and then falls below $ 41,500 draws attention. Bluntz suggested that Bitcoin would rise above $45,000 after falling below $41,500.
Bitcoin is trading at $44,719 at the time of writing.
