A renowned crypto analyst, known as Bluntz, recently disclosed his projections for Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Near Protocol (NEAR). His analysis suggests that both Bitcoin and Ethereum are indicating an imminent increase in value following their establishment of a price foundation and completion of correction patterns.
NEAR Protocol Gears Up for a Breakthrough
Bluntz extended his analysis to NEAR, speculating that this altcoin could surpass its 22-month peak of $9.01. His forecast is rooted in the detection of two distinct five-wave patterns, as per the Elliott Wave theory, observed in NEAR’s four-hour trading chart. Should the current trend persist, NEAR’s valuation is poised to climb beyond the $8.80 and $9.53 marks, from its current trading price around $7.84.
Dogecoin to Exhibit Upward Momentum
Transitioning his focus to Dogecoin, Bluntz noticed a conclusion of a three-wave correction pattern on a thirty-minute chart, hinting at a possible halt in the altcoin’s recent downtrend. His optimistic stance on DOGE is reinforced by the expectation that it will not experience further significant declines and is instead set to rise from its current position.
The analyst’s insights have caught the attention of the cryptocurrency community, especially as market participants search for signs of stability and growth potential in a market known for its volatility. Bluntz’s predictions, if accurate, could signal a positive momentum shift for these major digital currencies.