An analyst who has served the “master dealer” ranking at Crypto Exchange Bybit believes that bitcoin (BTC) is now prepared for an increase in new record high levels.
Pseudonyma Trader Bluntz tells his 321 100 followers on the social media platform X that Bitcoin completed an ABC correction after its short dip below $ 100,000 over the weekend.
Bluntz practices Elliott Wave theory, who says that a hooked asset tends to witness the new rally after completing an ABC dragback.
Says the trader
“BTC looks like a nice ABC here, bounced lower channel and recycled division area.
Send it to all the time. “
At the time of writing, Bitcoin is traded for $ 106.111.
Turns to Ethereum, the trader Thinking about that Altcoin has pressed a low against Bitcoin (Ethics/BTC) after completing an ABC correction.
“ETH/BTC has probably lived here, in my opinion.”
At the time of writing, ETH/BTC is traded for 0.02308 BTC ($ 2,451).
In the case of Solana (Solar) -Baled Memecoin Dogwifhat, Bluntz believes that Wif has also completed an ABC correction and is now founded to ignite a five -wave strong force.
According to the Elliott Wave principles, a five-wave rally consists of three upward drag-waves one, three and five and two corrective periods in waves two and four.
“Still a lot of work to put in and need to see price measures confirm, but I think there is a very real chance that a new impulse back to WIF has begun.”
At the time of writing, WIF is worth $ 0.875.
Generated Picture: Midjourney
