Prominent crypto trader Bluntz has expressed an optimistic outlook for Dogecoin (DOGE), suggesting it may be poised for further gains. His analysis indicates that the meme coin has shown signs of potential upward momentum after a recent technical correction against Bitcoin (BTC).
Is Dogecoin Ready for an Upsurge?
Through a post on platform X, where he has garnered 291,000 followers, Bluntz highlighted that Dogecoin has successfully navigated a technical correction based on Elliott Wave principles. He believes this corrective phase has set the stage for a strong upward trend.
He noted, “The DOGE/BTC pair is starting to gain strength again. It has surpassed the low levels of wave A and completed a clear ABC correction. I expect an upward movement to begin from this stage.”
Can Bitcoin Reach $100,000 Soon?
In addition to Dogecoin, Bluntz has also projected a bright future for Bitcoin, predicting a rise to $100,000 as it enters a new five-wave upward trend. Currently priced at $90,227, he stated, “So far, everything is proceeding according to plan.”
The trader further shared insights on Pepe (PEPE), forecasting it could climb to $0.00003 from its current price of $0.0000214, hinting that this asset’s performance can often be surprising.
- Dogecoin may see a significant upward trend following a technical correction.
- Bluntz expects the DOGE/BTC pair to reach 0.000008 BTC.
- Bitcoin is anticipated to hit $100,000 as part of a five-wave pattern.
- Pepe is also projected to increase in value, emphasizing its volatility.
With the cryptocurrency landscape remaining highly volatile, insights from traders like Bluntz provide valuable guidance for individuals interested in investing. Nevertheless, personal research is crucial before making any investment decisions.