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Bitcoin price finds buyers at $64,600 as of this writing, with ongoing investor unease. Following the war initiated by Russia, we are all aware of the subsequent events, and investors are now focused on inflation and other issues that another regional conflict might exacerbate. So, what are the latest predictions from the analyst who knows the lows?
Bitcoin (BTC) Expert Forecast
A popular analyst, known for his accurate predictions in 2018, has discussed the ongoing price decline. Investors, worried about the escalation of tensions depending on Israel’s response, have not started buying yet, while the popular analyst shares optimistic views on the price. According to the analyst, after this decline, the Bitcoin price will aim for a new all-time high.
The analyst, known by the pseudonym Bluntz, says that Bitcoin has completed an ABC correction wave on the four-hour chart. Elliott wave counting is used to predict larger, long-term movements. Although there may be short-term deviations, the trend’s direction is still upward, which could prove Bluntz right.
Upon examining the analyst’s chart, one could expect BTC to move towards a new high of $82,228. BTC is currently at $64,600, and tomorrow’s news flow will largely determine which direction the leading cryptocurrency will move before the halving.
Analyst’s WIF Coin Prediction
Bluntz has also turned his attention to the recently launched Dogecoin competitor altcoin. The dogwifhat (WIF), which has risen to the third-largest meme coin by market value thanks to the excitement on the Solana network, could focus on new highs if it recovers from $1.80.
“The $1.80 level is the 0.618 Fib level for WIF. I hope this level will hold as the local bottom.”
The analyst expects the price to target higher levels again. According to the current chart, if WIF Coin sustains its rebound from the low, it can continue its rise towards $3.6 and $4.3 with closures above $2.92. Above that, there is a peak at $4.9.
In the opposite scenario, if the support range between $1.8 and $1.9 is lost, support levels at $1.64 and $0.98 will come into play. The long-term uptrend will end with closures below this region.
