Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/bitcoin/crypto-market-analysis-is-this-end-of-the-bear-market-heres-what-next-for-bitcoin-price/">Bitcoin Bull Market Ahead? Trader Predicts $30,000 Price Target</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a turn of events, a seasoned trader renowned for accurately predicting the bottom of the 2018 bear market for <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> now believes that the leading cryptocurrency, Bitcoin, has transformed into a bull market.</p> 
<p>Why does he think this? What proof supports his views? Read on.</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction</strong></h2> 
<p>Bluntz, a well-known trader, recently shared his perspective on Bitcoin’s current rally via X. He believes that this surge has reshaped the future price trajectory of the cryptocurrency.</p> 
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   <p lang="en" dir="ltr">potential lower high being put in today on <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw">#btc</a> today.<br><br>i don't think the "bottom" is in yet because structure just doesn't look right yet for me, i think the 24.8k lows need to be convincingly taken out first and the last 39 days of price action potentially part of a larger… <a href="https://t.co/J2XN7DTRlG">pic.twitter.com/J2XN7DTRlG</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1704983175192314320?ref_src=twsrc%5Etfw">September 21, 2023</a>
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<p>The recent upswing in Bitcoin’s price can be directly attributed to the recent approval of the Valkyrie fund by the U.S. <a href="https://coinpedia.org/news/ripple-vs-sec-top-researcher-explains-the-real-reason-why-the-sec-is-investigating-xrp/">Securities and Exchange Commission (SEC)</a>. As a result, Bitcoin has experienced a notable 8% gain within just one week, soaring from $27,100 to its current value of $28,250.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-price-prediction-for-q4-2023/">Bitcoin Price Prediction for Q4 of 2023: Is Now the Right Time to Buy?</a></p> 
<p><strong>Shifting the outlook</strong></p> 
<p>Bluntz had previously based his predictions on the Elliott Wave theory, forecasting a Bitcoin price drop to $24,430 before ultimately reaching the coveted $30,000 mark. However, with Bitcoin’s recent ascent beyond the $27,000 threshold, Bluntz now sees a brighter picture.</p> 
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 <p>He said, <em>“Bitcoin’s doing better, and that old idea of going down is no longer valid. It’s time to stop thinking negatively.”</em></p> 
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<h2 class="wp-block-heading" id="h-avax-is-rising"><strong>AVAX</strong> Is Rising!</h2> 
<p>Apart from monitoring Bitcoin, Bluntz also keeps a close watch on another cryptocurrency known as <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">Avalanche</a>, abbreviated as AVAX. Often considered a contender to Ethereum, Bluntz is optimistic about AVAX’s prospects, especially after a challenging year that saw it lose over half its value.</p> 
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 <p><em>“AVAX is looking good on the weekly chart, and it’s been through a tough year. I think it might start going up by quite a bit.”</em></p> 
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   <p lang="en" dir="ltr">some solid weekly engulfings forming across the board.<br><br>looking very promising so far if they hold into tomorrows close, i think they will.</p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1708433990225699049?ref_src=twsrc%5Etfw">October 1, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/price-analysis/avax-price-analysis-will-avalanche-sail-smooth-to-12/">AVAX Price Analysis: Will Avalanche Sail Smooth To $12?</a></p>

Bitcoin Bull Market Ahead? Trader Predicts $30,000 Price Target

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