Expert Analyst Predicts Bitcoin’s 2018 Low Has Been Reached and Recommends Buying Altcoins!
Renowned crypto analyst, known for accurately predicting Bitcoin’s bottom in 2018, has shared positive insights about the cryptocurrency. Using the Elliott Wave Theory, the analyst, who goes by the name Bluntz, believes that Bitcoin has completed an ABC corrective wave on the four-hour chart, indicating that it has likely hit its lowest point. Bluntz, with a following of 269,300 on the X social media platform, advised his followers that now is a good time to purchase their favorite altcoins. He also mentioned Ethereum, suggesting that it appears to be gearing up for a breakout. According to the analyst, Bitcoin could potentially reach $68,000, while Ethereum is currently trading within a rising triangle pattern, signaling a potentially bullish breakout. At present, Bitcoin is trading at $59,320, experiencing a 3.74% increase in the last 24 hours. Ethereum, on the other hand, has gained 1% and is currently priced at $2,598, according to CoinGecko data.