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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/strategist-predicts-altcoin-market-drop" data-wpel-link="internal">Strategist Predicts Altcoin Market Drop</a><br></p>
<p style="text-align: justify">In the fast-paced world of cryptocurrencies, the well-regarded strategist Bluntz has issued a cautionary note to his followers, suggesting that the altcoin market may need to undergo another correction before initiating a fresh rally.</p> 
<h2 id="what-does-bluntz-say-about-total3">What Does Bluntz Say About TOTAL3?</h2> 
<p style="text-align: justify">Bluntz communicated his concerns via X, specifically highlighting the TOTAL3 chart, which monitors the market value of all cryptocurrencies excluding <a href="https://en.bitcoinhaber.net/bitcoin-price-drops-below-70000" data-wpel-link="internal">Bitcoin</a> (BTC), Ethereum (ETH), and stablecoins. He suggested that a near-term rise could precede a notable decline, predicting a subsequent recovery in market momentum.</p> 
<p style="text-align: justify">He elaborated by stating that while TOTAL3 shows a structured five-wave rise on the four-hour chart, the ABC correction pattern remains incomplete. He warned that the C wave is likely to move downward, advising caution and suggesting that better entry opportunities may emerge soon.</p> 
<h2 id="why-bitcoin-might-also-decline">Why Bitcoin Might Also Decline?</h2> 
<p style="text-align: justify">Bluntz extended his analysis to Bitcoin (BTC), forecasting a potential decline to $55,000 before a rally to $65,000. He linked this prediction to the TOTAL3 chart’s trends, emphasizing the likelihood of further downward movement before Bitcoin gains upward momentum.</p> 
<p style="text-align: justify">Currently, Bitcoin is trading at approximately $60,800, having seen a 3.31% increase today.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify"><strong>Investors Should Note:</strong></p> 
<ul style="text-align: justify"> 
 <li>Potential for altcoin market correction before a new rally.</li> 
 <li>Risky to be fully long in altcoins at this moment.</li> 
 <li>Bitcoin may drop to around $55,000 before increasing to $65,000.</li> 
 <li>Watch TOTAL3 and Elliott Wave patterns for better entry points.</li> 
</ul> 
<p style="text-align: justify">Based on these evaluations, investors may find upcoming <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market conditions</a> ripe for strategic positioning. By closely following TOTAL3 indicators and Elliott Wave theory, they can better navigate potential short-term fluctuations and identify advantageous entry points.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/strategist-predicts-altcoin-market-drop" data-wpel-link="internal">Strategist Predicts Altcoin Market Drop</a></h5>

Strategist Predicts Altcoin Market Drop

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