Analyst Who Accurately Predicted 2025 Bitcoin Pullback Says BTC Could Crash Before the Next Leg Up – Here Are His Targets

A widely followed analyst who had earlier in the year warned of a crypto market pullback now says Bitcoin (BTC) could undergo a correction before rising higher to a new all-time high.

The analyst pseudonymously known as Bluntz tells his 327,300 followers on the social media platform X that he “wouldn’t be surprised” to see Bitcoin plunge substantially before resuming an uptrend.

Based on the pseudonymous analyst’s chart on the daily time frame, it appears he’s suggesting that Bitcoin has completed the third wave of a five-wave Elliott Wave pattern inside a rising wedge pattern. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.

From the chart, it appears the pseudonymous analyst sees Bitcoin falling to around $110,000 before appreciating to around $135,000 to complete the fifth wave.

Source: Bluntz/X

Bitcoin is trading at $120,437 at time of writing.

Next up is Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem. The pseudonymous analyst says Fartcoin has reached a “major bottom” on the daily time frame after completing a correction in a three-wave pattern on both its US dollar and Bitcoin pair.

“Expecting a 140%+ move from here, one of the better setups with phenomenal risk-reward ratio I have seen in a long time.”

Source: Bluntz/X

Fartcoin is trading at $1.10 at time of writing, up by around 30% over the past 24 hours.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Analyst Who Accurately Predicted 2025 Bitcoin Pullback Says BTC Could Crash Before the Next Leg Up – Here Are His Targets appeared first on The Daily Hodl.

De inhoud op deze pagina wordt geleverd door derden. Tenzij anders vermeld, is OKX niet de auteur van het (de) geciteerde artikel(en) en claimt geen auteursrecht op de materialen. De inhoud is alleen bedoeld voor informatieve doeleinden en vertegenwoordigt niet de standpunten van OKX. Het is niet bedoeld als een goedkeuring van welke aard dan ook en mag niet worden beschouwd als beleggingsadvies of een uitnodiging tot het kopen of verkopen van digitale bezittingen. Voor zover generatieve AI wordt gebruikt om samenvattingen of andere informatie te verstrekken, kan deze door AI gegenereerde inhoud onnauwkeurig of inconsistent zijn. Lees het gelinkte artikel voor meer details en informatie. OKX is niet verantwoordelijk voor inhoud gehost op sites van een derde partij. Het bezitten van digitale activa, waaronder stablecoins en NFT's, brengt een hoge mate van risico met zich mee en de waarde van deze activa kan sterk fluctueren. Overweeg zorgvuldig of de handel in of het bezit van digitale activa geschikt voor je is in het licht van je financiële situatie.