Competitor of Dogecoin Forecasted for Fresh Growth Spurt by Trader, Anticipates Record-Breaking Peak for Bitcoin
In the world of cryptocurrencies, predictions are always a hot topic, and one pseudonymous trader, known as Bluntz, has recently made some intriguing forecasts using the Elliott Wave theory.
Bluntz's analysis suggests that the dog-themed meme asset, Floki (FLOKI), is poised for a strong bullish rally. According to Bluntz, Floki has concluded its A-B-C corrective phase and is now in the early stages of a new impulsive upward wave. This potential rally could result in "multiple x" returns, with a price target potentially above $0.0001600, up from the current trading price of $0.0001412. Bluntz also identifies a bullish triangle pattern (ABCDE) in Floki, signalling a breakout soon.
Meanwhile, regarding Bitcoin (BTC), Bluntz anticipates new all-time highs above $125,000. He sees Bitcoin potentially finishing an ABC correction down to about $115,000 and then beginning a strong upward rally. Near term, Bluntz predicts a dip to around $116,000 early in the week, followed by renewed buying pressure pushing prices higher.
These forecasts reflect Bluntz's application of the Elliott Wave theory to identify corrective phases ending and impulsive waves beginning, signalling upcoming rallies for both assets.
Elsewhere in the crypto sphere, Everclear has secured a strategic investment from the NEAR Foundation to scale cross-chain clearing. The Ethereum-based meme coin PEPETO has raised above $5.5 million in presale, and Jackson.io's Sharkz NFT has debuted in Harajuku, Tokyo with a fashion collaboration.
PlayW3 has launched a $250 million on-chain partner fund to support the global Web 3.0 gaming ecosystem, and Crypto MEV Bot has launched a crypto trading bot for individual and enterprise traders. MultiBank.io has partnered with Fireblocks and Mavryk to launch a $10 billion real estate tokenization platform.
It's important to note that these forecasts should be taken as speculative and not as financial advice. Always do your own research and consider your risk tolerance before investing in any cryptocurrency.
At the time of writing, Bitcoin is trading for $119,105, up marginally on the day, while Floki is trading for $0.0001412, down marginally on the day.
Cryptocurrency investors may find Bluntz's predictions about altcoins interesting, as he anticipates a strong bullish rally for Floki (FLOKI), with potential returns of "multiple x" and a price target above $0.0001600. Additionally, Bluntz expects Bitcoin (BTC) to reach new all-time highs above $125,000 after a potential ABC correction down to about $115,000. It's crucial to keep in mind that these forecasts should be viewed as speculative and not as financial advice. Before investing in any cryptocurrency, it's essential to do thorough research and consider one's risk tolerance. In the crypto trading landscape, Crypto MEV Bot has recently launched a crypto trading bot for both individual and enterprise traders.
