Rally

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/insightful-analysis-by-crypto-expert-bluntz-highlights-bitcoin-rally-and-altcoin-potential" rel="noopener noreferrer nofollow">Insightful Analysis by Crypto Expert Bluntz Highlights Bitcoin Rally and Altcoin Potential</a><br></p>
<p style="text-align: justify">Prominent cryptocurrency analyst and trader Bluntz has publicly expressed his latest insights on <a href="https://en.bitcoinhaber.net/predicting-a-surge-bitcoin-could-skyrocket-to-900000-says-expert" rel="noopener noreferrer nofollow">Bitcoin</a>‘s and certain altcoins’ trajectories through a social media post. He begins with Bitcoin’s prospects, suggesting a substantial rally is on the horizon, provided it crosses the pivotal $69,000 resistance level. Despite Bitcoin’s recent 14% dip from its peak, Bluntz remains bullish, predicting a swift and significant ascent in its value.</p>
<h2 id="bitcoin-nears-breakthrough-point">Bitcoin Nears Breakthrough Point</h2>
<p style="text-align: justify">Bluntz’s confidence in Bitcoin is undeterred by its recent pullback, as he envisions a fast recovery and an imminent parabolic increase. At the time of his analysis, Bitcoin was trading at $67,441, having already bounced back from a correction earlier in the month, showing a modest yet positive growth of 0.92% in a day.</p>
<h2 id="keeping-an-eye-on-promising-altcoins">Keeping an Eye on Promising Altcoins</h2>
<p style="text-align: justify">Turning his analysis to the altcoin market, Bluntz put a spotlight on <a href="https://en.bitcoinhaber.net/solanas-surge-in-user-growth-and-airdrop-influence" rel="noopener noreferrer nofollow">Solana</a> (SOL), currently the fourth-largest altcoin in terms of market capitalization. He anticipates Solana’s value to climb steadily, observing that it has nearly completed a bullish five-wave pattern on its daily chart, hinting at a potential surge toward the $200 mark.</p>
<p style="text-align: justify">Moreover, Bluntz points out the promising signs for the SOL/BTC trading pair, noting the end of a three-wave bearish trend on the daily chart, which could signal the resurgence of its primary uptrend.</p>
<p style="text-align: justify">The analyst concludes with an evaluation of the decentralized <a href="https://en.bitcoinhaber.net/lightlink-gains-4-5-million-seed-investment-for-digital-growth" rel="noopener noreferrer nofollow">finance</a> (DeFi) platform Sei (SEI), identifying a significant reversal at the 0.618 Fibonacci retracement level. This pattern indicates a strong likelihood of an impending major uptrend, with Fibonacci levels historically serving as reliable indicators of price action.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/insightful-analysis-by-crypto-expert-bluntz-highlights-bitcoin-rally-and-altcoin-potential" rel="noopener noreferrer nofollow">Insightful Analysis by Crypto Expert Bluntz Highlights Bitcoin Rally and Altcoin Potential</a></h5>

Insightful Analysis by Crypto Expert Bluntz Highlights Bitcoin Rally and Altcoin Potential

Table of Contents

BH NEWS

Other articles published on Mar 8, 2024

Jerome Powell Makes Crucial Statement for Crypto Market: Details

Web3 and the Actions Bets.io Must Take

Conflux Network Partners with AnchorX to Launch Hong Kong’s Premier Stablecoin

Coinbase Shares Soar Above $250, Echoing Bitcoin BTC’s Rally and ETF Custodianship Success

Liquidity Provider Cryptocurrency: How They Make Money

Top 6 Altcoins Poised For 6x Rally In 2024 – Predicts Crypto Analyst Lark Davis

Join our free newsletter for daily crypto updates!