Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets
Bitcoin Ethereum Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets Balita ng Ethereum ng Bitcoin A widely followed crypto trader is skeptical of the recent crypto bounce that saw Bitcoin (BTC) and Ethereum (ETH) climb by over 5% each. Pseudonymous analyst na si Bluntz nagsasabi his 224,500 followers on the social media platform X that the two largest crypto assets by market cap have more downside potential. Hindi pa rin ako 100% nabenta sa paglipat na ito sa pagiging mababa sa BTC o ETH. I still think one more leg down needs to happen to complete a (5th) wave of C for BTC and ETH before Ill be happy to call [the] bottoms. Bluntz applies the Elliott Wave theory in his technical analysis. Based on a chart depicting his forecast of Ethereum going forward, he appears to suggest that ETH is on the verge of completing a five-wave pattern (marked 1, 2, 3, 4, 5) to a price of $1,450. On Bluntzs chart, the five-wave pattern is nested within a bigger three-wave pattern (identified as A, B, C), which is also on a downward trend. Pinagmulan: Rekt Capital/X On what could invalidate his bearish forecasts for both Bitcoin and Ethereum,









