A dealer recognized for making well timed altcoin calls is revealing his true bull market worth goal for memecoin Dogecoin (DOGE).
Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go a lot increased than most individuals count on.
The analyst seems to be at Dogecoin versus Bitcoin (DOGE/BTC) to forecast the memecoin’s potential bull market prime.
“DOGE/BTC from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 2021-2024 which drew down 90%.
I’d count on DOGE/BTC to hit an all-time excessive this cycle and a easy 1.618 extension measured from the prior cycle is often a superb and easy measurement.
That takes us to 0.00002 BTC which is 373% increased.”
The analyst practices Elliott Wave principle, which states that an asset tends to proceed its uptrend after finishing a three-part “ABC” correction.
Whereas Bluntz thinks that DOGE/BTC will soar to 0.00002 BTC, he highlights that DOGE’s US greenback worth will doubtless explode increased, on condition that he’s additionally bullish on Bitcoin. He notes that Bitcoin will doubtless see costs nicely above $100,000 this cycle, suggesting that 0.00002 BTC can have a a lot increased greenback worth.
“I additionally assume BTC goes to about $140,000-ish perhaps increased by the point this cycle ends.
So let’s whack one other 45% on prime of that 373%, which supplies us round about 420% (for the tradition) from present ranges, math might be flawed however don’t actually care you get the image.
$1 is easy and funky to say however the actual goal is $2.20.”
At time of writing, Dogecoin is buying and selling for $0.445.
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