Cryptocurrency analyst Bluntz, Bitcoin He claimed that the price would move towards a level it last reached in December 2021. The analyst attracted the attention of his followers by stating that BTC is currently in the middle of a “third wave rise”.
The analyst studies crowd behavior in the markets using a technical analysis method called Elliott Wave theory. This method suggests that market movements generally occur in waves, with an asset exhibiting five stages of increase in value. The theory states that among these five waves, the third wave stands out with the longest and strongest rise.
Bluntz publishes an analysis in which he discusses the possibility of Bitcoin rising to $52,000 without a correction after reaching the $50,000 level. According to his interpretation of the chart, he states that BTC is currently in the leading position and is gaining upward momentum. According to Bluntz, this movement signals that a third wave process is continuing, which will cause Bitcoin to reach new peaks.
While Bluntz predicts that Bitcoin will gain value in a short time, crypto analyst Rager criticizes the ability of the current BTC rally to reach the peak of the year. Rager said that following the halving event in April, where rewards in BTC mining will be halved, cryptocurrencyHe predicts that it will enter an upward trend. Meanwhile, although Rager views Bitcoin and the market with general optimism, he does not expect Bitcoin to reach new highs in the months after the halving and hopes his own prediction proves wrong.
The fact that BTC gained more than 2.70% in the last 24 hours and started trading at $ 47,323 shows that the dynamics in the market are constantly changing. This reveals the diversity among different views on the cryptocurrency market and the uncertainties analysts face when making future predictions.
