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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoins-next-move-5" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Next Move</a><br></p>
<p style="text-align: justify">Market analysts who have accurately predicted previous significant movements often capture attention. While past achievements do not guarantee <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> gains, the insights of these experts should not be dismissed. So, what are the latest cryptocurrency predictions from the analyst who correctly anticipated the 2018 low?</p>
<h2 id="insights-from-the-analyst">Insights from the Analyst</h2>
<p style="text-align: justify">Historically, market cycles often repeat, holding true for <a href="https://en.bitcoinhaber.net/vaneck-predicts-bitcoins-2050-value" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) as well. Over the years, four-year cycles have benefited <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. After the major collapse of FTX, many experts declared the end of crypto, but some argued it was a familiar scenario.</p>
<p style="text-align: justify">Those who proclaimed the death of crypto during the 2022 downturn have now set new short- and medium-term targets. Their previous pessimistic forecasts misled investors, but today they are barely remembered. The analyst Bluntz, who correctly predicted the 2018 bottom, had foreseen the subsequent rise.</p>
<h2 id="future-projections-for-2024">Future Projections for 2024</h2>
<p style="text-align: justify">In his recent analysis, Bluntz discussed BTC’s four-hour chart, suggesting that the cryptocurrency might have bottomed out following the US market correction. Bluntz’s prediction centers on a three-wave correction, a concept rooted in Elliot Wave Theory. He expects to see higher lows, indicating market confidence.</p>
<p style="text-align: justify">Bluntz stated, “BTC has experienced a clear three-wave decline so far, and I think this will be a higher low. It’s time to bid on your favorite coins.” His chart predicts a rise to $68,000. Currently, BTC trades at $59,100, marking a 1% increase. Bluntz also notes a bullish pattern for Ethereum (ETH), the largest altcoin, anticipating a breakout.</p>
<p style="text-align: justify">“I believe ETH is preparing to break out from here,” he added. Should market risk appetite increase in the year’s final quarter, ETH could potentially reach a new all-time high, driven by strong demand from the ETH ETF channel.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">– Bluntz’s predictions focus on Bitcoin and Ethereum.<br> – Current BTC target is set at $68,000.<br> – ETH is expected to break out soon.<br> – Market conditions in the last quarter of the year are crucial for ETH’s potential new highs.</p>
<p style="text-align: justify">The upcoming months will reveal if these predictions hold true, offering a promising outlook for crypto enthusiasts.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoins-next-move-5" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Next Move</a></h5>

Analyst Predicts Bitcoin’s Next Move

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