The future assessments of analysts who have made correct predictions in the past are usually of great interest. The current predictions of analyst Bluntz, who correctly predicted the bottom point in 2018, regarding the cryptocurrency market are also noteworthy in this context. Based on the four-hour chart, Bluntz thinks that BTC has hit the bottom after the US corrective move.
Markets historically tend to repeat themselves, and BTC seems to be part of that cycle. Four-year cycles continue to provide a structure that satisfies investors. Those who predicted the end of crypto in the 2022 crash are now setting new targets. Bluntz, an analyst known for his accurate prediction in 2018, predicts that BTC could rise again in current market valuations.
In his latest market assessment, Bluntz drew attention to the four-hour chart of BTC, stating that it hit the bottom after the US corrective move. According to the analyst's estimates, BTC has potential to rise and its price could reach up to $68,000.
Bluntz also emphasizes that ETH has entered a bullish formation. He states that ETH could reach record levels in the last quarter of the year with increased risk appetite. If the expected demand is realized, it is possible for ETH to reach an all-time high.
It is predicted that BTC could rise to $68,000.
It is stated that ETH is ready for an uptrend formation and may reach record levels.
Following the US corrective move, investment opportunities may arise in BTC and ETH.
There is a possibility that risk appetite will increase in the last quarter of the year.
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