Top Analyst Says ‘Max Pain’ Scenario Coming for Bitcoin (BTC), Predicts Parabolic Rally for Gold
A optimal analyst granted for gaining expeditious crypto telephone calls warns that Bitcoin (BTC) might be in the midst of observing a painful situation.
Pseudonymous trader Bluntz signals his 254,100 visionaries on the social media platform X that Bitcoin appears to be flashing an ABC rehabilitative answer on the daily chart.
Bluntz behaviors the Elliott Wave ideata, which insurance claims that a bullish asset usually consolidates within an ABC rehabilitative wave after going wearing a five-wave uptrend.
Affirms Bluntz,
“Max pain on BTC is confiscate out the highs, deliver everyone FOMO (anxiousness and also frustration of missing out on out) ago in and also reckon it’s some sort of triangular outbreak after that BAM, discolor ago applicable into the marginal expire of the array again in days gone by the real run-upwards.”
Based on the trader’s chart, he appears to suggest that BTC will soar to $76,000 simply to dwindle to $64,000 in days gone by rallying to a modern unanimously-time high of $82,000.
At time of comprising, Bitcoin is worth $69,296, down basically 4% in the last 24 hours.
Peeking at gold, Bluntz insurance claims the priceless steel appears to be in the midst of a five-wave rally that could push prices above $3,600.
“Gold altogether is about to prelude going allegorical after a years of barely outshining rising price of residing.”
At time of comprising, Gold is worth $2,352.
The trader is likewise retaining an eye on the Solana versus Bitcoin (SOL/BTC) pair. According to the trader, SOL/BTC owns feasible carved a hamlet bottom at about 0.00246 BTC ($170) after finishing an ABC rehabilitative wave.
“Ok, we brushed upwards that low and also now we have an hourly bullish aberration on SOL/BTC.
I’m instead sure that’s the low.”
At time of comprising, SOL/BTC is worth 0.00249 BTC ($172).
Collected Imagine: Midjourney
