Bitcoin

PUPS (Ordinals)

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 <p>A widely followed crypto analyst says one Bitcoin (BTC) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential.</p>
 <p>Pseudonymous crypto strategist Bluntz tells his 254,300 followers on the social media platform X that he has entered a long position on PUPS (Ordinals) amid an ascending channel breakout on the token’s four-hour chart.</p>
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 <p>In technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, a breakout occurring on the upper border of an ascending channel is considered a bullish move.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GK7xcBZasAA3EyL?format=png&amp;name=900x900" alt="GIjBRxAXAAE-jGP" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
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 <p>PUPS is trading at $78 at time of writing, up a staggering 4,656% from its March 17th low of $1.64.</p>
 <p>Bluntz chart below indicates that PUPS is exhibiting a similar pattern to that formed by Nosana (NOS), a decentralized crowd-computing protocol, before it broke out earlier in the year.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GK7xpdPbMAASFGP?format=png&amp;name=900x900" alt="GIjBRxAXAAE-jGP" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>The analyst also offers his prediction on Bitcoin. According to Bluntz, Bitcoin appears to be mirroring gold’s consolidation around the precious metal’s all-time highs. He shares gold’s two-week chart showing that the precious metal traded within a range for four years before breaking out and printing record highs.</p>
 <p>He notes that BTC may follow a similar pattern but on an accelerated timeline.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GK7UZEsagAAh0Bl?format=jpg&amp;name=medium" alt="Image" width="964" height="928">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p><span style="--darkreader-inline-bgcolor: #999900;">He also predicts that gold will likely climb to as high as $4,000 on the back of inflation concerns.</span></p>
 <p><span style="--darkreader-inline-bgcolor: #999900;">At time of writing, gold is trading at $2,343 while Bitcoin is worth $66,722.</span></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-ordinals-token-that-s-exploded-over-4-600-in-a-month-flashing-bullish-signal-according-to-top-analyst-tbt85256.html">https://thebittimes.com/bitcoin-ordinals-token-that-s-exploded-over-4-600-in-a-month-flashing-bullish-signal-according-to-top-analyst-tbt85256.html</a></p>

Bitcoin Ordinals Token That’s Exploded Over 4,600% in a Month Flashing Bullish Signal, According to Top Analyst

TheBitTimes

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