Crypto Analyst Says Bitcoin ‘Bottom’ Not In Yet, Predicts New Six-month Lows


On Thursday, renowned trader Bluntz, who successfully predicted Bitcoin’s bear market bottom for 2018, created a discussion among his significant following of more than 224,000 users on the social media platform X. Bluntz harbored reservations that Bitcoin had not found its bottom yet as the crypto struggled to break through the $27,000 resistance. Foreseeing a potential bearish lower-high formation in Bitcoin’s trajectory, Bluntz suggested that prices could fall to roughly $23,800 and reach record-setting six-month lows. Bluntz necessitated that $24,800 wasn’t convincingly taken out yet for any support and hinted that the past 39 days of BTC trade could be part of a larger sideways correction. Apply Elliott Wave analysis to bitcoin price trends, which highlights the sameInformation collected from collective psychology along withinfluence on Bitcoin’s rise or fall. UnderstandingElliott wave analysis represents a key driver of the cryptocurrency market, and at the current moment, Bitcoin is being traded at $ 26,646. Dissentalso commented on the quarters ending projected terrible candle as a position-along with bearish divergences in large capital- This comments sparked even more caused concern in five, inserting histoo growing stream.

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