RATE Group | Crypto Analyst Who Accurately Called Bitcoin Collapse to $3,200 Says Big Move Up on the Horizon
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Crypto Analyst Who Accurately Called Bitcoin Collapse to $3,200 Says Big Move Up on the Horizon

03 May Crypto Analyst Who Accurately Called Bitcoin Collapse to $3,200 Says Big Move Up on the Horizon

Posted at 21:29h in Cryptocurrency News by

Bitcoin is up over 135% from the March 2020 low of $3,850. The world’s leading cryptocurrency is once again outperforming traditional assets amid the coronavirus pandemic. While Bitcoin is starting to show signs of short-term bullish exhaustion, a crypto trader and Elliott Wave technical analyst believes that the dominant cryptocurrency is preparing for a strong move up.

Benjamin Blunts tells his 54,600 followers on Twitter that BTC is poised for a rally to $10,000.

“BTC made 5 waves down on the smaller timeframes, ABC back up and swiftly rejected the 0.618 almost to the [dollar] and now I think we get one more leg down into low [$8,000]. [In my opinion] this will be a buy the dip opportunity in [a] strong uptrend.”

Source: via Twitter

The crypto strategist forecasts Bitcoin’s price action using Elliott Wave Theory. The advanced technical analysis system looks at predictable wave patterns that illustrate the recurring behavior of market…

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