Analyst Says He’s ‘Pretty Confident’ On Bitcoin’s All-Time High Run, Updates Outlook For Solana Rival

A broadly adopted cryptocurrency analyst believes that Bitcoin (BTC) is about to soar to new all-time highs.

Pseudonymous analyst Bluntz tells his 270,000 followers on social media platform

The dealer applies the Elliott Wave idea, which states {that a} bullish asset usually witnesses an upward motion of 5 waves earlier than a big correction takes place.

Says Bluntz,

“We’ve got made the breakthrough and are fairly assured that to any extent further this would be the highest run of all time.”

Primarily based on the pseudonymous analyst’s chart, it seems that Bluntz is suggesting that Bitcoin might rise to a value of $84,000 in a collection of waves by mid-September.

On the time of writing, Bitcoin is buying and selling at $63,888, up greater than 5% previously day.

Taking a look at Solana (SOL) competitor Sei, the analyst believes SEI is poised to breakout towards Bitcoin and the US greenback.

“I believe SEI is on the verge of rupture.

The SEI/BTC pair has a weekly bull div. The SEI/USD pair has had a transparent five-wave rise from the lows and already had a pleasant pullback AND heavy destructive financing.”

A bullish divergence happens when the worth of an asset kinds decrease lows whereas increased lows are printed on a momentum oscillator such because the relative energy index (RSI). Primarily based on the dealer’s chart, he appears to foretell that the SEI will rise near $0.40.

SEI is buying and selling at $0.338 on the time of writing, up over 18% on the day.

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