The Analyst Who Correctly Predicted Bitcoin's Bottom in 2018 Speaks Again
The popular analyst who correctly predicted Bitcoin's bottom in 2018 has spoken again.
The famous analyst, who is known in the market and correctly predicted Bitcoin's (BTC) bottom in 2018, expressed positive views about a top-tier altcoin that he said gave first-class bullish signals.
The analyst, known by the nickname "Bluntz" on the social media platform X, reported that he saw a strong bullish signal on the weekly charts of Binance Coin (BNB), which is among the top 10 crypto assets in terms of market value.
According to the analyst, BNB, which ranks fourth in terms of market value, is expected to increase by approximately 72% from its current level. He stated that BNB has consolidated near its previous all-time high and is giving a strong signal by regaining this level.
Bluntz calls such chart configurations “world-class” and suggests that BNB could soon reach $1,000. Currently, BNB is trading around $583, about 18% below its all-time high of $717 reached in June.
The analyst also noted that Bitcoin’s two-week-long volatile consolidation period is coming to an end. According to the analyst, Bitcoin’s repeated tests of the $62,096 resistance increase the likelihood of a breakout.
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