Solana

Bitcoin

<div class="dailyhodl">
 <p>A widely followed crypto trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 is expressing bullish sentiment on the flagship crypto asset.</p>
 <p>Pseudonymous analyst Bluntz tells his 227,200 followers on the social media platform X that Bitcoin appears to be “on the cusp of breaking out” after consolidating for a fortnight.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Bluntz utilizes the Elliott Wave theory in his technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. According to the trader’s charts, Bluntz predicts the price of Bitcoin could hit an initial target of $38,000 before eventually reaching $42,000 in a series of waves.</p>
 <p>The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while the correction happens in a three-wave pattern.</p>
 <figure id="attachment_https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp441" aria-describedby="caption-attachment-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp441" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp441 size-large" src="https://cdn.thebittimes.com/images/2023/11/09/c4af8254fe4e81722de1b5a9ba856eee.webp" alt="" width="1024" height="https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp" srcset="https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 1981w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=300,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=768,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=1024,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=1536,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 1536w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=750,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 750w, https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp?resize=1140,https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption id="caption-attachment-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp441" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Bitcoin is trading at $35,350 at time of writing, up by around 30% since mid-October.</p>
 <p>Turning to the seventh-largest crypto asset by market cap, Bluntz says the decentralized application platform Solana (SOL) has stalled after previously breaking out of a descending channel following significant accumulation.</p>
 <p>According to the analyst, Solana could trade in a range for a while before turning to the upside. Bluntz’s initial target is a little over 10% up from the current price.</p>
 <figure id="attachment_https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp444" aria-describedby="caption-attachment-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp444" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp444 size-large" src="https://cdn.thebittimes.com/images/2023/11/09/bc883d2130919341c3463233c6a205ce.webp" alt="" width="1024" height="https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp" srcset="https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 1975w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=300,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=768,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=1024,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=1536,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 1536w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=750,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 750w, https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp?resize=1140,https://cdn.thebittimes.com/images/2023/11/09/53c3bd40a632f91c27907e462887c876.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption id="caption-attachment-https://cdn.thebittimes.com/images/2023/11/09/39a6eec282f7211209e03af6d90b214f.webp444" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>SOL is worth $43.23 at time of writing, up by over 100% since mid-October.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-who-nailed-bitcoin-2018-bottom-says-btc-on-cusp-of-breaking-out-here-are-his-targets-tbt69619.html">https://thebittimes.com/analyst-who-nailed-bitcoin-2018-bottom-says-btc-on-cusp-of-breaking-out-here-are-his-targets-tbt69619.html</a></p>

Analyst Who Nailed Bitcoin 2018 Bottom Says BTC on Cusp of Breaking Out – Here Are His Targets

TheBitTimes

发布于 2023年11月9日的其他文章

Ethereum is ‘On Fire,’ Breaking $2,000 for the First Time Since April Following Major News – Report

OPNX Forays Into European Union with VASP License in Lithuania

Why Is The Crypto Market Up Today?

Cardano Sidechain Midnight Announces Major Update, What to Know

Citadel’s Griffin and Global Business Leaders Discuss AI’s Impact on Economies

Veloce Racing’s Unique Chrome Livery Chosen by VEXT Community for Extreme E Finale in Chile

订阅我们免费的电子期刊，获取每日最新加密领域动态！