Bitcoin

dogwifhat

<div class="dailyhodl">
 A trader who nailed the 2018 Bitcoin bear market bottom believes that the most recent correction has put BTC in a position to rally to a new all-time high.
 Top analyst Bluntz tells his 255,000 followers on the social media platform X that Bitcoin appears to have printed a local bottom after completing an ABC corrective wave on the four-hour chart.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 The trader uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after an three-part ABC correction.
 Says Bluntz,
 “We got the sweep. I think that’s the low. BTC.” 
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLEkG7iaYAAgtWI?format=jpg&amp;name=large" alt="Image" width="1326" height="1153">
 <figcaption class="wp-caption-text">
 Source: Bluntz/X
 </figcaption>
 </figure>
 Looking at the trader’s chart, he appears to suggest that BTC will rally to a fresh record high of $82,228.
 At time of writing, BTC is worth $63,535.
 The trader is also keeping a close watch on the movements of memecoin dogwifhat (WIF). The analyst says that WIF may have printed a local bottom at around $1.80 but notes that more price action is needed to confirm his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>.
 “$1.80 hit and wicked straight into the 0.618 [Fibonacci level] on WIF. Promising reaction so far, hoping this is the low, but will wait for an impulsive five-wave rise on low timeframes i.e. 30 minutes to one hour for confirmation.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLEp3rXbEAAjnMB?format=jpg&amp;name=large" alt="Image" width="1325" height="1149">
 <figcaption class="wp-caption-text">
 Source: Bluntz/X
 </figcaption>
 </figure>
 At time of writing, WIF is worth $2.38.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-known-for-calling-bitcoin-bottoms-predicts-new-all-time-highs-for-btc-updates-outlook-on-dogecoin-rival-tbt85318.html">https://thebittimes.com/trader-known-for-calling-bitcoin-bottoms-predicts-new-all-time-highs-for-btc-updates-outlook-on-dogecoin-rival-tbt85318.html</a>

Trader Known for Calling Bitcoin Bottoms Predicts New All-Time Highs for BTC, Updates Outlook on Dogecoin Rival

TheBitTimes

Other articles published on Apr 14, 2024

Tether’s New Non-Custodial Tokenization Platform Set to Transform Digital Economy

Flying Shiba Inu (FLYSHIB) To Surge 7,000% as MEXC Listing Sparks Rally

BCH And Ethena Lead Market Rally Over The Past Week; RBLZ Looks Prime To Takeover With Insane Pot...

Kripto Terkini: DOGE, WIF, dan XRP Melemah, Investor Beralih ke BlastUP?

TON Coin Top 5 Cryptocurrencies to Invest in Right Now!

PRO Looks Bullish; Can Bulls Continue to Stretch Gains Above $3?

Join our free newsletter for daily crypto updates!