Popular cryptocurrency analyst Bluntz has focused his bullish expectations on two altcoins.
In his recent X post, Bluntz suggested that Pepe (PEPE) and its rival Sei (SEI) are preparing for an uptrend.
The analyst, who has 273,500 followers on Twitter, stated that PEPE and SEI broke the bullish reversal formations and stood out among the market leaders.
“There is a noticeable accumulation process going on in many altcoins, so it is hard to be negative on the market right now,” Bluntz said.
Pointing out that the SEI has formed a round bottom formation, the analyst stated that this is a bullish reversal formation, indicating that investors have collected the asset at a low level and have not allowed the price to fall further.
He also said that PEPE has completed the ABC corrective wave, indicating that the asset is about to rally. The current price of PEPE is $0.0000078 and has lost 1.2% in the last 24 hours.
US Could Start Bitcoin Rally
Bluntz, who also made predictions about Bitcoin, stated that he thought the liquidity injections of the US Federal Reserve (FED) could start a rally in Bitcoin.
“You can’t ignore the Fed’s liquidity injections just because September was generally bearish, right?” the analyst said, emphasizing that Bitcoin is giving bullish signals.
“That’s still my main scenario. I think the bears will come down soon,” Bluntz, who previously predicted Bitcoin would reach $100,000, said.
Stay tuned for new information.