Trader Updates Outlook on Altcoin That’s Exploded 16,190% in Under Three Months, Says Bitcoin To Fall Further

A extensively adopted crypto strategist believes {that a} new altcoin that has posted astronomical features in just some months seems poised to take one other step ahead.

The dealer pseudonymously referred to as Bluntz tells In accordance with its 308,000 followers on social media platform .

The analyst follows the Elliott Wave concept, which states that an asset can witness a five-wave rally after finishing an ABC retracement.

In accordance with Bluntz, AI16Z is gearing up for the ultimate leg of its bigger five-wave surge on its strategy to a brand new all-time excessive above $3.

“Gotta make a recent all-time excessive…”

AI16Z is buying and selling at $1.66 on the time of writing, up about 16.190% from the November 3 low of $0.01019.

The following step is Bitcoin (BTC). In accordance with the analyst, Bitcoin may try this dive to an instantaneous help stage and completes the ABC correction earlier than rising to a brand new all-time excessive.

“It is beginning to seem like the $90,000 sweep will occur and not using a reduction in between. The excellent news is that the highest callers are again at full energy now that we’re close to the lows.

They had been nowhere to be seen [days ago].”

Bitcoin is buying and selling at $94,900 on the time of writing.

Subsequent up is Virtuals’ (AIXBT) AI-powered market intelligence platform aixbt. Bluntz say that AIXBT has been on a “monstrous uptrend” since its inception and is poised to maneuver greater to finish a five-wave sample inside the 12-hour timeframe that started in December.

AIXBT is buying and selling at $0.564 on the time of writing.

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