Pepe

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 <p>A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) days after the halving took place.</p>
 <p>The analyst, pseudonymously known as Bluntz tells his 257,100 followers on the social media platform X that Bitcoin is preparing to break out according to price action on the two-hour chart.</p>
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 <p>Based on the pseudonymous analyst’s chart, Bitcoin appears to form a symmetrical triangle on the two-hour chart. Symmetrical triangle patterns can either be bullish or bearish – bullish if the price breaks out above the upper trend line and bearish if the price breaks down below the lower trend line.</p>
 <p>According to the pseudonymous analyst, once Bitcoin overcomes the $67,000 resistance level, “I think the whole market flies”.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL5dyVmaMAAGyFx?format=jpg&amp;name=small" alt="Image" width="679" height="459">
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   Source: Bluntz_Capital/X
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 <p>Bitcoin is trading at $66,455 at time of writing.</p>
 <p>Bluntz also analyzes the Solana-based memecoin dogwifhat (WIF). According to Bluntz, WIF is on the cusp of a breakout after forming an ascending triangle for a period of two weeks on the four-hour chart.</p>
 <p>Based on the pseudonymous analyst’s chart, it appears that the memecoin has also formed a three-wave pattern to the downside. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a minor correctional trend moves in a three-wave pattern.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL5cNmcaoAASZZJ?format=jpg&amp;name=small" alt="Image" width="680" height="388">
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   Source: Bluntz_Capital/X
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 </figure>
 <p>WIF is trading at $3.38 at time of writing.</p>
 <p>The pseudonymous analyst also offers his take on the Pepe (PEPE) memecoin.</p>
 <p>According to Bluntz, Pepe is accelerating upwards. Based on Bluntz’s chart, it appears that Pepe has completed a three-wave pattern to the downside. The three-wave pattern ended at the 0.618 Fibonacci retracement level, based on Bluntz’s chart.</p>
 <p>In technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, Fibonacci retracement levels, which are based on Fibonacci numbers, are used to determine potential support and resistance levels. It also appears from the chart that Bluntz’s upside target of around $0.000013 could see Pepe appreciate by around 66% from the current level.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL4I4-0bYAIo41u?format=jpg&amp;name=small" alt="Image" width="667" height="680">
  <figcaption class="wp-caption-text">
   Source: Bluntz_Capital/X
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 </figure>
 <p>PEPE is trading at $0.00000784 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-to-send-the-whole-crypto-market-flying-once-btc-breaks-out-above-this-level-predicts-top-analyst-tbt86497.html">https://thebittimes.com/bitcoin-to-send-the-whole-crypto-market-flying-once-btc-breaks-out-above-this-level-predicts-top-analyst-tbt86497.html</a></p>

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

TheBitTimes

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