Analyst Forecasts Surge in PONKE and Bitcoin

A well-known cryptocurrency analyst, Bluntz, predicts an upward trend for PONKE, a meme coin on the Solana blockchain, as well as a potential rise in Bitcoin (BTC).

Bluntz notes that PONKE has turned the upper line of its rising channel into a support level, suggesting further price increases if this support holds.

PONKE has seen a dramatic rise of 7,238% from $0.00928 on January 3 to $0.6744, drawing significant attention.

Bluntz believes that maintaining the support level could lead to further gains.

For Bitcoin, Bluntz applies Elliott Wave theory, indicating that Bitcoin's recent three-wave downward movement may be ending, potentially leading to a rise.

He suggests that Bitcoin might complete a five-wave pattern just below $70,000, indicating a substantial upward move.

Key takeaways for investors include:

•Monitoring PONKE's support levels for buying opportunities.

•Using Elliott Wave theory for Bitcoin's price analysis.

•Watching the US Dollar Index (DXY), as its strength can affect cryptocurrency values.

Bluntz also notes a weakening US dollar, predicting the DXY will fall to around 102, which could positively impact cryptocurrencies.

Currently, the DXY is at 104.33, and investors should keep an eye on global economic decisions affecting the market.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat