Trader Who Successfully Predicted Crypto Bottom in 2018 Reveals Bitcoin’s Path to $110,000, Describes BTC as a “Game-Changing Asset”
A well-known trader who accurately predicted the bottom of the cryptocurrency market in 2018 is now sharing his bullish outlook for Bitcoin (BTC), stating that it has entered a significant uptrend that could push its price to $100,000 and beyond. Referred to as Bluntz, the top Master Trader at Bybit has been vocal about his belief that Bitcoin is currently experiencing a five-wave rally, with waves one, three, and five representing upward movements, and waves two and four representing corrective phases.
Bluntz points out that the weekly BTC chart is displaying an “absolute monster” bullish trend, which has been on an upward trajectory since July 8th. However, he anticipates a temporary pullback near $71,000, as people who missed out on the initial rally may enter the market, causing a correction. Nonetheless, he expects Bitcoin to regain momentum and continue its upward trajectory, potentially reaching a peak of $110,000 to complete its five-wave rally.
As of now, Bitcoin is trading at $68,148, showcasing a modest 1% increase for the day. Bluntz’s analysis and prediction suggest that Bitcoin could correct to $60,000 before continuing its ascent.
Bluntz is also paying close attention to Popcat (POPCAT), a meme token built on the Solana (SOL) blockchain. He expresses bullish sentiments towards POPCAT and believes that it will soar to new heights once it establishes support above its previous all-time high of $0.73. At the time of writing, POPCAT is valued at $0.912.
Bluntz’s track record of accurately predicting market movements has gained him a significant following, with over 265,000 followers on X, a social media platform. Traders and investors are eager to see if his projection of Bitcoin’s path to $110,000 becomes a reality, as it could be a game-changer for the cryptocurrency market.