The crypto strategist known as Bluntz believes that Bitcoin is preparing for a bullish market. He points to the shallower dips in Bitcoin's price since its low in August, suggesting that the cryptocurrency is forming a series of Elliott Wave structures. Bluntz anticipates an "explosive" upside move, with wave three being the strongest move. As long as Bitcoin remains above $65,300, he expects the cryptocurrency to consolidate below $68,000 before experiencing a strong rally. At the time of writing, Bitcoin is trading at $66,979.



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