CandleFocus Top Analyst Says Another Pullback Could Be on the Table for Bitcoin, Updates Outlook on dogwifhat and Popcat
2024-10-17
Author: Content Editor
The pseudonymous analyst known as Bluntz has provided their outlook on Bitcoin and two memecoins, WIF and POPCAT. Bluntz believes that Bitcoin may experience a correction before continuing its upward trend, with a potential target of around $62,000. The analyst notes that the current rally in Bitcoin has occurred in a five-wave pattern according to the Elliott Wave theory. As for WIF and POPCAT, Bluntz mentions that they are experiencing bearish divergences on the daily time frame, indicating lower highs in technical indicators. Nevertheless, Bluntz plans to bid on these memecoins when the time is right.
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