Memecoin Pepe has seen an impressive 160% increase in the last three weeks. Popular cryptocurrency analyst Bluntz predicts that PEPE could rise another 35% from its current levels. He also noted that Bitcoin has the potential to rise to $180,000.
Pepe (PEPE) Prediction$PEPE
Bluntz explained that Pepe formed a local bottom after completing the ABC correction wave on the hourly charts, and this situation paved the way for a new upward movement according to the Elliott Wave theory. The analyst predicts that Pepe has the potential to climb to $0.00002800 and that the rise may be completed with a five-wave pattern.
Bitcoin (BTC) Rise$BTC
Bluntz stated that Bitcoin is in a significant wave five rally at $98,498 and could reach $180,000 in the process. Bitcoin is currently trading at $98,957 and has reached $99,588 in the last 24 hours. Bluntz expects Bitcoin to climb higher instead of a major sell-off after breaking $100,000, and he thinks PEPE will follow this rise.
The Rise of Pepe$PEPE
At the time of writing, Pepe is trading at $0.00002064, up more than 160% from its November 5 low of $0.00000775. Bluntz noted that Pepe is starting to form a five-wave bullish pattern, suggesting that the rally is likely to continue.
Bluntz’s observations show that both Pepe and Bitcoin are positive signals. However, due to the nature of the cryptocurrency market, these predictions are not definitive, and investors can take analysts’ comments into consideration. Nevertheless, it is important for each investor to make their own assessments and make their decisions. The dynamic structure of the cryptocurrency market may require the implementation of different strategies.