A Promising Outlook for Dogecoin, Bitcoin, and Dogwifhat, According to Crypto Trader
As the cryptocurrency market continues to fluctuate, one prominent trader is optimistic about the potential for growth in several major cryptocurrencies. Bluntz, a well-known analyst with a significant following on X, has shared his insights on Dogecoin, Bitcoin, and Dogwifhat (WIF).
Bluntz believes that Dogecoin is poised for a significant uptick in value compared to Bitcoin. He points to a triangle pattern forming in the DOGE/BTC pair, which is typically viewed as a bullish signal when spotted during an uptrend. According to Bluntz, once Dogecoin breaks out of this pattern, it could experience a “violent upside move.” At the time of writing, DOGE/BTC is trading at 0.00000437 BTC, equivalent to $0.44.
Bluntz also offers insights into the future of Bitcoin, suggesting that the leading cryptocurrency is ready to resume its upward trajectory after completing an ABC correction on the four-hour chart. He practices the Elliott Wave theory, predicting that BTC could soar above $112,000 in the near future. Bitcoin is currently trading at $99,284.
Lastly, Bluntz highlights the potential for growth in Dogwifhat (WIF), another memecoin. He notes that WIF is showing signs of breaking out from a re-accumulation pattern, with bullish higher low setups indicating a potential rally. According to the trader, a breakout for WIF is imminent once the coin clears $3.50. WIF is currently trading at $3.44.
Overall, Bluntz’s analysis paints a positive picture for Dogecoin, Bitcoin, and Dogwifhat, suggesting that all three cryptocurrencies could see significant growth in the near future.
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