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COINTURK NEWS > Altcoin News > Expert Predicts Significant Bitcoin Reversal and Surprising Moves in Gold and Floki
Altcoin NewsBitcoin (BTC)

Expert Predicts Significant Bitcoin Reversal and Surprising Moves in Gold and Floki

In Brief

  • Analyst warns of potential Bitcoin price reversal due to bearish divergence.

  • Gold predicted to enter a new uptrend, possibly reaching $3,600.

  • Floki may see a significant price increase after a short decline.

İlayda Peker
İlayda Peker 2 weeks ago
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A renowned crypto strategist has cautioned about a potential abrupt halt in Bitcoin’s short-term bullish trend as momentum weakens. Known as Bluntz, the analyst expressed on social media platform X that a bearish divergence is forming on Bitcoin’s daily chart, redirecting market observers’ attention to the possibility of a steep price pullback.

Contents
Potential Reversal Signals in BitcoinNew Targets for Gold and FlokiOverall Market Evaluation and Warnings

Potential Reversal Signals in Bitcoin

Bluntz highlights technical indicators suggesting a possible price reversal in Bitcoin’s movements. According to the analyst, despite Bitcoin’s price increase, the diminishing momentum could serve as a warning for investors. He notes that a similar bearish divergence was last observed just a year ago. The analyst advised caution in maintaining long positions.

In the news piece, Bitcoin’s current price is reported as $105,546, with technical analyses indicating bearish divergences may contribute to downward price pressure. Market participants might adopt a cautious approach following these signs.

New Targets for Gold and Floki

Bluntz extends his analysis to traditional investment vehicles as well. He suggests that gold, having completed its ABC corrective wave, might be stepping into a new golden age. Utilizing the Elliott Wave theory, the analyst predicts a new record for gold prices is imminent, estimating a potential rise to $3,600. He commented on gold gathering strength for its next bullish wave.

At the time of publication, gold’s current price was recorded at $3,221. Analysts assert that technical developments reinforce the potential for gold to climb higher from this level.

Bluntz also delves into the analysis of the crypto asset Floki, foreseeing a significant surge after a brief value loss. According to the analyst, Floki’s price could dip to $0.00008 before rising to $0.00018. He expressed a specific interest in entering a buying position around $0.00008, citing a continuing personal interest in the asset.

Overall Market Evaluation and Warnings

Investors are advised to closely monitor technical indicators in both traditional and crypto markets. Bluntz uses technical signals from various assets to warn followers of potential inflection points, emphasizing that bearish divergence in Bitcoin $103,540 could cause market fluctuations.

Investors should consider that technical analyses alone may not suffice for decision-making. Given the speculative nature of these predictions, risk management practices are vital for investors. High volatility and sudden price changes are particularly prevalent in crypto markets.

The analyst’s comments do not constitute investment advice, and it should be remembered that changing market conditions can influence investment choices. Lastly, any proposed moves by the analyst should be examined through independent research, considering individual risk tolerance. All assessments are for informational and news purposes only.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 21 May, 2025 - 5:43 pm 21 May, 2025 - 5:43 pm
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