The cryptocurrency market has left the winter market behind and is enjoying green days. Leading cryptocurrency Bitcoin is hovering just below the ATH level. A crypto analyst with a wide following predicts an uptrend for Bitcoin and 2 altcoins.
Bluntz: Bitcoin’s next attempt will go parabolic!
cryptokoin.comAs you follow from , leading crypto Bitcoin (BTC) continues to show strength. Bitcoin fell to $59,000 hours after revisiting its all-time high of $69,000. However, the leading crypto is up nearly 15% from its seven-day low of $59,000. At the time of writing, BTC was trading at $67,754.
The popular analyst, nicknamed Bluntz, starts with the leading crypto Bitcoin. The analyst says BTC will rise significantly once it clears the resistance level around $69,000. In this context, Bluntz shares the following prediction:
BTC has already suffered a 14% pullback from its all-time high. The next attempt will send us parabolic in my opinion.
“The target for Solana is $200!”
The analyst then looks at Solana (SOL), the fifth-largest crypto asset by market cap. Bluntz says an upside impulse for the altcoin is “imminent.” According to the Solana/USD chart, Bluntz suggests that SOL has completed four waves of the upward five-wave bullish pattern on the daily chart and could move up to $200. According to Elliott Wave theory, the main trend of an asset’s price moves in a five-wave pattern, while a correction occurs in a three-wave pattern. Meanwhile, Solana was trading at $149 at the time of writing.
The analyst also evaluates the Solana/Bitcoin pair. The analyst notes that SOL/BTC has completed a downward three-wave formation on the daily chart. Bluntz suggests that SOL/BTC is now about to resume its major uptrend. Solana was trading at 0.00212200 BTC at the time of this writing.
According to the analyst, indicators are bullish for this altcoin!
Finally, the analyst covers decentralized finance (DeFi) platform Sei (SEI). Bluntz says SEI is showing a strong retracement at the 0.618 Fibonacci retracement level. He also says this points to a potential bullish move ahead. Fibonacci retracements are considered to represent natural resistance and support levels, and some of the most commonly used are 0.382, 0.5, and 0.618.
Meanwhile, SEI was trading at $0.9068 at press time, up more than 10% on a daily basis.
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