Analyst Says He’s ‘Pretty Confident’ All-Time High Run Starting for Bitcoin, Updates Outlook on Solana Rival
A widely followed cryptocurrency analyst believes Bitcoin (BTC) is on the verge of rallying to fresh record highs. Pseudonymous analyst Bluntz tells his 270,000 followers on the social media platform X that he thinks Bitcoin has started a fresh five-wave surge that could propel BTC to a new all-time high after taking out resistance at $62,000. The trader practices the Elliott Wave theory, which states that a bullish asset often witnesses a five-wave upside move before a significant correction. Says Bluntz, “We got the breakout, pretty confident this is the all-time high run starting now.” Source: Bluntz/X Based on the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that Bitcoin could go up to a price of $84,000 in a series of waves by mid-September. At time of writing, Bitcoin is trading for $63,888, up over 5% in the past day. Looking at Solana (SOL) competitor Sei, the analyst believes SEI is about to erupt against Bitcoin and...