Trader Bluntz shares his analyses on the cryptocurrency and precious metals markets, including alarming forecasts about Bitcoin's price decline and potential market volatility.
Predictions for Bitcoin
Bluntz suggests that after reaching a historic peak at the beginning of 2025, Bitcoin may face significant declines. He estimates a 55% fall from the current level of about $80,000 to around $36,000. He also foresees a bearish phase that could last until 2027.
Outlook on Precious Metals
In addition to cryptocurrencies, Bluntz conducts technical assessments of gold and silver. He emphasizes that recent two-week charts indicate that silver has formed a significant peak, suggesting that pronounced price movements may be forthcoming. Due to its higher volatility compared to gold, silver could be on the brink of a technical breakout.
Bluntz's Methodology
A central element of Bluntz's approach is the application of Elliott Wave theory, which views market movements as waves shaped by emotional reactions. Examining Bitcoin's current structure, he notes the onset of a five-wave downward model, indicating that price fluctuations can be predicted not only by news but also by graphical and historical patterns.
Bluntz's forecasts signal caution regarding the cryptocurrency and precious metals markets, emphasizing the importance of informed technical analysis for investors.
