Cryptocurrency analyst Bluntz, known as a 'Master Trader' on the Bybit platform, has presented an optimistic outlook for Dogecoin and Bitcoin, based on Elliott Wave theory and current technical corrections.
New Path for Dogecoin
Analyst Bluntz shared on platform X that Dogecoin has completed a technical correction against Bitcoin. By utilizing Elliott Wave Theory, Bluntz emphasized that such corrections can lead to strong upward trends. He noted that the DOGE/BTC pair has started to regain its strength, nearly completing an ABC correction.
Bitcoin's Target of $100,000
Bluntz also expressed optimism for Bitcoin, suggesting that BTC has entered a new five-wave upward trend and could rise to $100,000. The current price, as he recalls, is $90,227, and 'so far, everything is progressing as planned.'
Overall Cryptocurrency Market Situation
While cryptocurrency markets are known for their high volatility, analysts' forecasts can offer valuable clues for those interested in investing. Bluntz notes that his predictions may guide those focusing on Dogecoin and Bitcoin, but investment decisions should always rely on personal research.
Analytical forecasts like those presented by Bluntz offer important insights for crypto investors. However, thorough personal research is always advised before making any investment decisions.
