BPOI Banner
‘It’s Happening’: Top Analyst Predicts Incoming Parabolic Rally for Bitcoin – Here’s His Target ‘It’s Happening’: Top Analyst Predicts Incoming Parabolic Rally for Bitcoin – Here’s His Target

‘It’s Happening’: Top Analyst Predicts Incoming Parabolic Rally for Bitcoin – Here’s His Target

An analyst with a history of timely Bitcoin calls believes that conditions are now ripe for BTC to witness huge upside bursts to new all-time highs.

Pseudonymous analyst Bluntz tells his 289,300 followers on the social media platform X that BTC appears to be in the initial stages of a parabolic rally that could take Bitcoin well above $100,000.

“It’s happening BTC.”

Source: Bluntz/X

Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave surge where waves one, three and five are upside moves and waves two and four are corrective periods.

Looking at the trader’s chart, he seems to suggest that BTC is in the midst of a major wave three rally en route to $106,000 before a wave four pullback and an explosion to $122,000.

At time of writing, BTC is worth $72,624, up over 3% in the past day.

Turning to Dogecoin (DOGE), the crypto strategist is also in the early stages of a five-wave rally with a target price of around $0.40.

“Presented without comment.”

At time of writing, DOGE is worth $0.174, up over 10% in the past day.

As for fellow memecoin dogwifhat, the trader thinks WIF is ready to start a new run after the altcoin printed a bullish divergence signal on the four-hour chart.

“We got double bull divs on WIF [four-hour chart] now.” 

Image
Source: Bluntz/X

A bullish divergence is a bullish reversal signal as it suggests that an asset momentum’s is on the up and up even though the price is trending lower or sideways.

At time of writing, WIF is worth $2.59, up over 5% on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Henry Kanapi

https://dailyhodl.com/2024/10/30/its-happening-top-analyst-predicts-incoming-parabolic-rally-for-bitcoin-heres-his-target/

2024-10-30 14:30:51

bitcoin
Bitcoin (BTC) $ 102,893.57 7.21%
ethereum
Ethereum (ETH) $ 3,927.46 5.82%
xrp
XRP (XRP) $ 2.39 6.77%
tether
Tether (USDT) $ 1.00 0.05%
solana
Solana (SOL) $ 244.32 4.85%
bnb
BNB (BNB) $ 734.72 5.23%
dogecoin
Dogecoin (DOGE) $ 0.447829 9.05%
cardano
Cardano (ADA) $ 1.23 2.12%
usd-coin
USDC (USDC) $ 1.00 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,923.22 5.70%
tron
TRON (TRX) $ 0.341605 9.19%
avalanche-2
Avalanche (AVAX) $ 53.16 1.20%
shiba-inu
Shiba Inu (SHIB) $ 0.000032 7.98%
the-open-network
Toncoin (TON) $ 7.01 0.85%
polkadot
Polkadot (DOT) $ 11.06 0.26%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,667.27 5.87%
chainlink
Chainlink (LINK) $ 24.43 0.76%
stellar
Stellar (XLM) $ 0.495002 1.88%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,442.45 7.12%
bitcoin-cash
Bitcoin Cash (BCH) $ 611.45 8.40%
hedera-hashgraph
Hedera (HBAR) $ 0.304206 3.78%
sui
Sui (SUI) $ 3.92 6.31%
weth
WETH (WETH) $ 3,930.87 5.82%
litecoin
Litecoin (LTC) $ 137.70 7.83%
uniswap
Uniswap (UNI) $ 15.76 0.18%
near
NEAR Protocol (NEAR) $ 7.77 3.55%
pepe
Pepe (PEPE) $ 0.000022 7.18%
leo-token
LEO Token (LEO) $ 9.26 2.76%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,142.29 5.77%
aptos
Aptos (APT) $ 14.12 2.49%
internet-computer
Internet Computer (ICP) $ 14.65 0.67%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.718751 0.25%
crypto-com-chain
Cronos (CRO) $ 0.217413 4.24%
vechain
VeChain (VET) $ 0.071232 3.36%
ethereum-classic
Ethereum Classic (ETC) $ 37.47 4.69%
usds
USDS (USDS) $ 0.998294 0.05%
render-token
Render (RENDER) $ 10.13 14.43%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.93 1.53%
bittensor
Bittensor (TAO) $ 680.43 1.18%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.13%
filecoin
Filecoin (FIL) $ 7.98 0.58%
arbitrum
Arbitrum (ARB) $ 1.15 3.92%
hyperliquid
Hyperliquid (HYPE) $ 13.41 6.50%
blockstack
Stacks (STX) $ 2.92 11.10%
kaspa
Kaspa (KAS) $ 0.161124 1.66%
algorand
Algorand (ALGO) $ 0.485083 5.15%
cosmos
Cosmos Hub (ATOM) $ 9.99 3.61%
aave
Aave (AAVE) $ 259.85 3.85%
celestia
Celestia (TIA) $ 8.61 0.20%
mantra-dao
MANTRA (OM) $ 3.98 3.39%