Analyst Fires Rockets for Two Altcoins: Expecting a Drop Would Be Foolish!
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 have broken bullish reversal formations and have emerged among the market leaders.
Bluntz said, “There is a visible accumulation process in many altcoins, so it is difficult to be negative about the market right now.”
Drawing attention to the fact that SEI has formed a round bottom formation, the analyst stated that this is a bullish reversal formation that shows that investors have collected the asset at a low level and are not allowing the price to fall further.
He also said that PEPE has completed the ABC corrective wave, indicating that the asset will rise.
US Could Start Bitcoin Rally
Bluntz, who also made predictions about Bitcoin, stated that he thinks that the liquidity injections of the US Federal Reserve (FED) could start a rally in Bitcoin.
The analyst emphasized that Bitcoin is giving bullish signals by saying, “Since September was generally bearish, you can’t have ignored the Fed’s liquidity injections, right?”
Bluntz, who previously predicted that Bitcoin would reach $100,000, said, “That’s still my main scenario. I think the bears will fall soon.”
