Leading Trader Predicts Imminent Explosive Surge for Major Altcoin, Provides Updated Analysis on Bitcoin and Dogecoin
An influential cryptocurrency trader specializing in memecoins anticipates a bullish surge for a leading memecoin.
The anonymous market expert Bluntz informs his audience of 303,200 on social network X of his prediction that Dogecoin (DOGE) will surpass Bitcoin in performance as the DOGE/BTC pair is on the brink of exiting a consolidating triangle formation.
Typically, a triangle pattern is considered optimistic during an upward trend in an asset’s trajectory.
According to Bluntz,
“I know I sound like a skipping CD but I’ll repeat it, DOGE is going to explode to the upside after this three-week accumulation phase.”
As of the last update, DOGE/BTC stands at 0.00000437 BTC, which equals $0.44.
Towards Bitcoin, Bluntz feels that BTC is prepped for an upward continuation post its ABC corrective pattern on the four-hour timeframe.
“We’ve seen a perfect stop run on BTC, which looks like a completed running flat ABC in my view.
Excessive leverage has been purged.”
By using the Elliott Wave theory, Bluntz anticipates that assets coming off an ABC wave decline generally prepare for subsequent advances. His charts indicate an expectancy of Bitcoin surpassing $112,000.
Bitcoin trades at $99,284 as of this moment.
Turning to the memecoin dogwifhat (WIF), Bluntz projects a likely breakout from its current re-accumulation pattern as it forms bullish higher lows.
“WIF is eagerly awaiting a major upward movement given its accumulation pattern.”
If Bluntz’s analysis holds, WIF could see a breakout past the $3.50 mark.
Currently, WIF sits at $3.44.
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Please note: The views expressed at The Daily Hodl do not constitute investment advice. Before engaging in high-stakes trading with Bitcoin, cryptocurrencies, or digital assets, investors should conduct thorough research. You assume full responsibility for your transactions and possible losses. The Daily Hodl is neither an investment advisory service nor does it endorse the buying or selling of any cryptocurrencies or digital assets. The Daily Hodl is involved in affiliate marketing programs.
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