Widely following analysts and traders who accurately predicted the bottom of Bitcoin (BTC) in 2018 say after a recent revision the Crypto King is being prepared to be high.
A trader and analyst known as Bluntz tells 326,100 followers on social media platform X that Bitcoin likely has been fixed after falling below the $116,000 price level.
“Please send it.”
Source: Bluntz/x
Looking at the trader’s charts, he appears to suggest that Bitcoin’s ABC revision has been made, and that BTC is targeting a new all-time high of $127,000.
Bluntz follows Elliott Wave theory. This states that bullish assets tend to witness new uptrends after completing the ABC revision.
Bitcoin is trading at $117,262 at the time of writing.
Next is Bonk (Bonk) Memecoin. According to widely followed analysts, Bonk is “very well held” in Bitcoin modifications.
Bluntz suggests that Bonk has put the ABC wave pattern on the downside and is currently poised to reach the $0.000044 price area.
“Bonk not only appears to have already had a nice ABC in it, but it was strongly restrained and defended the lows while BTC was being dumped…
I think the pump of anger is imminent on Bonk. ”
Source: Bluntz/x
Bonk is trading at $0.000035 at the time of writing.
Generated Image: Midjourney