Pseudonymous Crypto Analyst Bluntz Expresses Bullish Sentiment on Bitcoin (BTC) and Ethereum (ETH)

A widely followed cryptocurrency analyst and trader who nailed the 2018 Bitcoin bottom is expressing bullish sentiment on Bitcoin (BTC).

A renowned cryptocurrency analyst and trader who predicted the 2018 Bitcoin bottom is now sharing his bullish outlook on Bitcoin (BTC).

Pseudonymous crypto strategist Bluntz tells his 269,300 followers on the social media platform X that he believes Bitcoin has probably bottomed out after completing an ABC corrective move on the four-hour chart.

Bluntz is a well-known proponent of the Elliott Wave theory, which suggests that a bullish asset tends to experience rallies after concluding a three-wave correction.

According to the analyst,

“Clear three-wave move down on BTC so far, this ends up being a higher low, in my opinion.

Time to bid your favorite coins.” 

A glance at the trader’s chart shows that he seems to be predicting that Bitcoin will rally to $68,000.

At the time of writing, Bitcoin is trading at $59,320, up 3.74% over the past day.

Next, the top smart contract platform Ethereum (ETH) is on the analyst's radar.

Bluntz says that Ethereum seems to be trading within an ascending triangle pattern, a generally bullish formation that's created by a series of higher lows and a horizontal upper trendline that serves as a resistance level.

Bluntz says,

“ETH looks like it’s gearing up for a breakout here, in my opinion.”

At the time of writing, Ethereum is trading at $2,605, up 1.72% over the past 24 hours.

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