Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/bitcoin/crypto-market-analysis-is-this-end-of-the-bear-market-heres-what-next-for-bitcoin-price/">Bitcoin Bull Market Ahead? Trader Predicts $30,000 Price Target</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a turn of events, a seasoned trader renowned for accurately predicting the bottom of the 2018 bear market for <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> now believes that the leading cryptocurrency, Bitcoin, has transformed into a bull market.</p> 
<p>Why does he think this? What proof supports his views? Read on.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction</strong></h2> 
<p>Bluntz, a well-known trader, recently shared his perspective on Bitcoin’s current rally via X. He believes that this surge has reshaped the future price trajectory of the cryptocurrency.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">potential lower high being put in today on <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw">#btc</a> today.<br><br>i don't think the "bottom" is in yet because structure just doesn't look right yet for me, i think the 24.8k lows need to be convincingly taken out first and the last 39 days of price action potentially part of a larger… <a href="https://t.co/J2XN7DTRlG">pic.twitter.com/J2XN7DTRlG</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1704983175192314320?ref_src=twsrc%5Etfw">September 21, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The recent upswing in Bitcoin’s price can be directly attributed to the recent approval of the Valkyrie fund by the U.S. <a href="https://coinpedia.org/news/ripple-vs-sec-top-researcher-explains-the-real-reason-why-the-sec-is-investigating-xrp/">Securities and Exchange Commission (SEC)</a>. As a result, Bitcoin has experienced a notable 8% gain within just one week, soaring from $27,100 to its current value of $28,250.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-price-prediction-for-q4-2023/">Bitcoin Price Prediction for Q4 of 2023: Is Now the Right Time to Buy?</a></p> 
<p><strong>Shifting the outlook</strong></p> 
<p>Bluntz had previously based his predictions on the Elliott Wave theory, forecasting a Bitcoin price drop to $24,430 before ultimately reaching the coveted $30,000 mark. However, with Bitcoin’s recent ascent beyond the $27,000 threshold, Bluntz now sees a brighter picture.</p> 
<blockquote class="wp-block-quote"> 
 <p>He said, <em>“Bitcoin’s doing better, and that old idea of going down is no longer valid. It’s time to stop thinking negatively.”</em></p> 
</blockquote> 
<h2 class="wp-block-heading" id="h-avax-is-rising"><strong>AVAX</strong> Is Rising!</h2> 
<p>Apart from monitoring Bitcoin, Bluntz also keeps a close watch on another cryptocurrency known as <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">Avalanche</a>, abbreviated as AVAX. Often considered a contender to Ethereum, Bluntz is optimistic about AVAX’s prospects, especially after a challenging year that saw it lose over half its value.</p> 
<blockquote class="wp-block-quote"> 
 <p><em>“AVAX is looking good on the weekly chart, and it’s been through a tough year. I think it might start going up by quite a bit.”</em></p> 
</blockquote> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">some solid weekly engulfings forming across the board.<br><br>looking very promising so far if they hold into tomorrows close, i think they will.</p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1708433990225699049?ref_src=twsrc%5Etfw">October 1, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/avax-price-analysis-will-avalanche-sail-smooth-to-12/">AVAX Price Analysis: Will Avalanche Sail Smooth To $12?</a></p>

Bitcoin Bull Market Ahead? Trader Predicts $30,000 Price Target

Table of Contents

CoinPedia News

Other articles published on Oct 3, 2023

Dirham-Inspired DRAM Stablecoin Listed on Uniswap, PancakeSwap

Coinbase Legal Chief Previews Key Aspects of Commencing SBF Trial

Coinbase Continues Global Expansion Despite Viability Concerns

LayerZero and Conflux Embark on an Exciting Journey to Pioneer Blockchain SIM in China

Same Day Loans: Four Common Mistakes to Avoid

Memeinator’s Stern Resistance & Price Predictions vs. Wall Street Memes

Join our free newsletter for daily crypto updates!