• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

Top Trader Says Wider Crypto Market Downturn Incoming, Outlines Path Forward for Bitcoin and Solana

n70products by n70products
August 2, 2024
in Altcoin
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A extensively adopted cryptocurrency dealer and analyst is expressing bearish sentiment on the broader digital property market.

The dealer pseudonymously generally known as Bluntz tells his 266,600 followers on the social media platform X that the crypto property house is more likely to expertise a “minimal two weeks of broader market downturn.”

The extensively adopted dealer additionally says that he has transformed his crypto property to largely stablecoins. On his buying and selling bias over the approaching weeks, Bluntz says,

“No longs for the subsequent few weeks for me the place I’ll re-evaluate afterwards.”

Turning to Bitcoin (BTC), the pseudonymous analyst says that the flagship crypto asset is more likely to pattern downwards in uneven actions for “one other two weeks or so.” In response to Bluntz, Bitcoin may backside out at across the $60,000 stage earlier than embarking on an uptrend.

Based mostly on Bluntz’s chart on the one-hour time-frame, it seems that the analyst is suggesting that Bitcoin may finally recognize a brand new all-time excessive of $82,000, round 27% above the present worth.

GT2 crDXcAAPily?format=jpg&name=small
Supply: Bluntz/X

Bitcoin is buying and selling at $64,705 at time of writing.

Subsequent up is Solana (SOL). The pseudonymous analyst, who usually applies the Elliott Wave principle in his technical evaluation, says that Solana has accomplished a three-wave sample to the upside in opposition to each the US greenback and Bitcoin and is probably going now headed decrease. In response to the Elliott Wave principle, the primary pattern of the worth of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.

“…it’s not awe-inspiring for the broader market when a former bull-run chief seems like this.”

GT3FFHsa0AAzc6 ?format=jpg&name=small
Supply: Bluntz/X

Solana rose by round 60% in July to hit a two-month excessive of about $193 and is buying and selling at $170 at time of writing.

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Examine Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate internet marketing.

Generated Picture: DALLE3





Source link

Tags: BitcoinCryptoDownturnIncomingMarketOutlinesPathSolanaTopTraderWider
Previous Post

The latest takeover bid for Paramount is a little unusual

Next Post

Crypto Analyst Predicts Breakout To $0.22

Next Post

Crypto Analyst Predicts Breakout To $0.22

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

BNB Price Poised for Gains: Bulls Push for New Highs

BNB Price Poised for Gains: Bulls Push for New Highs

January 17, 2025
Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think

Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think

November 27, 2024
Bitcoin bulls beware! – THIS price could be a high-leverage trap door

Bitcoin bulls beware! – THIS price could be a high-leverage trap door

May 11, 2025

Recents

Who are the companies hoarding bitcoin?

Who are the companies hoarding bitcoin?

June 22, 2025
Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

June 22, 2025
Florida Investor Sues Denver Crypto School Over 0K Scam

Florida Investor Sues Denver Crypto School Over $860K Scam

June 22, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version