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Predictions from those who accurately forecast previous major movements are always more intriguing. Although past successes do not guarantee future advantages, the likelihood of these individuals correctly interpreting the current situation should not be underestimated. So, what are the current crypto predictions of the analyst who correctly predicted the 2018 bottom?
Analyst Who Predicted 2018 Bottom
Historically, markets tend to repeat themselves, and this is fundamental for BTC as well. We have seen that four-year cycles have made investors happy so far. Indeed, after the major FTX crash, while many well-known names said it was over, others claimed it was just like the previous ones.
Now, we see those who declared crypto dead during the 2022 crash announcing new targets in the short and medium term. Their exaggerated views misled investors back then, but today they are forgotten. The analyst Bluntz, who correctly predicted the 2018 bottom, was on the right side and caught the rise from within.
In his latest market assessment, the crypto analyst highlighted BTC’s four-hour chart, stating that he believes it hit bottom after the US corrective movement.
Crypto Predictions for 2024
Bluntz’s prediction focuses on a three-wave correction. The expert, who frequently uses the Elliot Wave Theory, is confident in predicting future movements. The expert, who expects to see higher lows, wrote:
“BTC has experienced a clear three-wave decline so far, and I think this will be a higher low.
It’s time to bid on your favorite coins.”
The analyst’s chart promises a rise to $68,000. At the time of writing, BTC is trading at $59,100 with a 1% increase. Bluntz also highlights a series of higher lows and resistance forming a bullish pattern for ETH, the largest altcoin by market value.
“I believe ETH is preparing to break out from here.”
If the expected risk appetite in the market forms in the last quarter of the year, ETH could soon set a new all-time high with strong demand from the ETH ETF channel.
