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<p>While remaining extremely bullish long-term, crypto analyst Bluntz believes Bitcoin may soon see a brief 20% pullback amidst its parabolic uptrend.</p>
<p>In a recent tweet, Bluntz explained that he thinks Bitcoin has entered the third macro wave of its current bull market. Historically, wave 3 has seen accelerating momentum with shallower pullbacks compared to earlier cycles.</p>
<p>However, Bluntz noted many traders are still expecting pullbacks on the scale of 30% corrections seen earlier this year during the first and second macro waves.</p>
<p>Based on momentum indicators and historical patterns, he anticipates the next pullback will likely be around 20%, given the strong upward trajectory powering this phase of the bull run.</p>
<p>Moreover, Bluntz predicts that any dip that does materialize will recover much faster than previous corrections.&nbsp;</p>
<p>The analysis underscores how traders must adapt their strategies and assumptions throughout various stages of Bitcoin’s four-year boom-bust cycle. What may happen early on does not necessarily apply later into an advancing bull market.</p>
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<p>If Bluntz’s forecast is accurate, Bitcoin investors should prepare for briefer, shallower pullbacks going forward rather than relying on extensive downside to buy dips.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-predicts-imminent-20-bitcoin-pullback-despite-bullish-outlook/" rel="noopener noreferrer nofollow">Analyst Predicts Imminent 20% Bitcoin Pullback Despite Bullish Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Predicts Imminent 20% Bitcoin Pullback Despite Bullish Outlook

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