{"id":136318,"date":"2024-08-28T09:00:41","date_gmt":"2024-08-28T06:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136318"},"modified":"2024-08-27T17:13:12","modified_gmt":"2024-08-27T14:13:12","slug":"bullish-wave-pattern-suggests-bitcoin-is-close-to-an-ath-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bullish-wave-pattern-suggests-bitcoin-is-close-to-an-ath-surge\/","title":{"rendered":"Bullish Wave Pattern Suggests Bitcoin is Close to an ATH Surge"},"content":{"rendered":"<p>Bluntz recently <strong><a href=\"https:\/\/x.com\/Bluntz_Capital\/status\/1827868324329591118\" target=\"_blank\" rel=\"nofollow\">suggested<\/a><\/strong> that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> is entering the final phase of a five-wave rally, according to the Elliott Wave theory.<\/p>\n<p>This theory indicates that a bullish asset undergoes five phases: three upward waves (impulsive) and two corrective waves.<\/p>\n<p>Bluntz highlighted the recent strong weekly close of Bitcoin as a sign that a significant rally to new highs might be underway.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-millionaires-increase-by-over-100-in-the-past-year\/\" title=\"Bitcoin Millionaires Increase by Over 100% in the Past Year\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/money-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Millionaires Increase by Over 100% in the Past Year<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He noted that the durations of the corrective phases (waves two and four) are closely aligned, which he considers a positive indicator.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent crypto analyst known for accurately predicting market lows believes Bitcoin (BTC) is gearing up for a major surge.<\/p>\n","protected":false},"author":3,"featured_media":132341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-136318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bullish Wave Pattern Suggests Bitcoin is Close to an ATH Surge<\/title>\n<meta name=\"description\" content=\"A prominent crypto analyst known for accurately predicting market lows believes Bitcoin (BTC) is gearing up for a major surge.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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