Renowned cryptocurrency trader Bluntz has expressed an optimistic outlook on Dogecoin (DOGE), suggesting it may rise further. His analysis indicates that this meme coin has shown potential signs of price appreciation following the recent technical correction compared to Bitcoin (BTC).
Is Dogecoin Ready for a Price Surge?
Through his post on platform X, where he has attracted 291,000 followers, Bluntz emphasizes that Dogecoin has successfully navigated the technical correction based on Elliott Wave principles. He believes this correction phase has set the stage for a strong upward trend.
He notes, "The DOGE/BTC pair is starting to strengthen again. It has surpassed the lows of wave A and completed a clear ABC correction. I expect a bullish move to begin from this stage."
Could Bitcoin Soon Reach $100,000?
In addition to Dogecoin, Bluntz also predicts a bright future for Bitcoin, forecasting it will rise to $100,000 as it enters a new five-wave bullish trend. Currently priced at $90,227, he states, "So far, everything is going according to plan."
This trader also shared more details about Pepe (PEPE), forecasting that its price could rise to $0.00003 from the current price of $0.0000214, implying that the performance of this asset can often be surprising.
Dogecoin may witness a significant upward trend after the technical correction.
Bluntz expects the DOGE/BTC pair to reach 0.000008 BTC.
Bitcoin is predicted to reach $100,000 according to the five-wave model.
The value of Pepe is also predicted to increase, highlighting its volatility.
With the cryptocurrency landscape still very volatile, insights from traders like Bluntz provide valuable guidance for individuals interested in investing. However, personal research is crucial before making any investment decisions.
