At the beginning of 2025, as Bitcoin 
$108,770 reaches historic peaks, notable trader Bluntz has captivated attention with his analyses. He shares insights into the direction of the cryptocurrency market, suggesting that the current upward trend in Bitcoin may be nearing its end. According to Bluntz, a prolonged decline could commence, potentially leading to value losses of up to 55%. His statements have resonated deeply among investors who closely monitor market dynamics.
Warning of a Two-Year Bear Market
Bluntz indicates that Bitcoin entered a bullish market in December 2022, with this cycle expected to peak in January 2025. He believes that a bear market of similar duration could follow this rise. Projecting that this process may extend until 2027, Bluntz also notes a potential variance of around 25%, suggesting that the market’s maturation phase could last several years, with significant volatility expected during this time.
From a pricing perspective, the trader asserts that Bitcoin could retract by 55% from its current trading level of approximately $80,000, potentially falling to around $36,000. This technical analysis is regarded as an essential reference point for investors seeking to understand Bitcoin’s long-term movements.
Technical Outlook on Precious Metals
In addition to cryptocurrency analyses, Bluntz also offers technical evaluations for gold and silver, emphasizing the need for careful monitoring of silver. He notes that recent two-week charts indicate that silver has formed a significant peak, suggesting that investors may witness more pronounced price movements in this metal.
With a more volatile nature compared to gold, silver may be on the brink of a new technical breakout, according to Bluntz. His analysis also employs Elliott Wave theory, which posits that markets can exhibit a five-phase wave structure, observable in both cryptocurrencies and precious metals. Investors are encouraged to consider these graphical analyses seriously to prepare for sudden price fluctuations.
Reading the Market Through Elliott Wave Theory
A prominent aspect of Bluntz’s approach is the disciplined application of the Elliott Wave theory. This theory suggests that market movements progress in waves shaped by emotional reactions, which can be anticipated through technical analysis. Upon examining Bitcoin’s current structure, the analyst notes the onset of a five-wave downward model.
This perspective highlights that market movements are driven not only by news flow but also by graphical and historical patterns, appealing to both traditional investors and cryptocurrency enthusiasts. Enhancing technical analysis literacy becomes crucial for investors to make sense of such evaluations.
