Bullish Wave Pattern Suggests Bitcoin is Close to an ATH Surge

A prominent crypto analyst known for accurately predicting market lows believes Bitcoin (BTC) is gearing up for a major surge.

Bluntz recently suggested that Bitcoin is entering the final phase of a five-wave rally, according to the Elliott Wave theory.

This theory indicates that a bullish asset undergoes five phases: three upward waves (impulsive) and two corrective waves.

Bluntz highlighted the recent strong weekly close of Bitcoin as a sign that a significant rally to new highs might be underway.

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He noted that the durations of the corrective phases (waves two and four) are closely aligned, which he considers a positive indicator.

Based on his analysis, Bluntz expects Bitcoin to potentially reach between $85,000 and $100,000 in this final wave, with a possible extended rally pushing the price up to $115,000.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.