A widely followed cryptocurrency analyst believes Bitcoin (BTCThe (is on its way to new records.
Bluntz is a pseudonymous social media analyst who told his 260.000 followers that Bitcoin had started a 5-wave rally that would propel BTC up to a record high.
A trader uses the Elliott Wave Theory, according to which a bullish investment will often experience a five-wave upward movement before experiencing a major correction.
Says Bluntz,
“We got the breakout, pretty confident this is the all-time high run starting now.”
The chart by the pseudonymous expert suggests that Bluntz believes that Bitcoin will reach $84,000 at a rate of 8 waves before mid-September.
Bitcoin currently trades for $63,888. This is an increase of 5% over the last day.
Solana:SOLAnalyst Sei believes that a competitor to Sei is Sei SEI Bitcoin and US dollars are on the verge of a major crisis.
SEI may be about to go rogue.
SEI/BTC has a bullish weekly div. SEI/USD pairs has had a five-wave uptrend from lows. It also already experienced heavy negative funding and a pullback.
When the price of an instrument prints higher lows and lower highs in a momentum indicator such as the relative Strength Index (RSI), this is called a bullish divergence. The trader predicts that SEI’s rally will be close to $0.40 based on his chart.
SEI was trading at $0.338 as of the time this article is written, an increase of over 18% for the day.
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Source: dailyhodl.com