Ramazan Eles 
A renowned analyst, widely followed in the crypto world and known for accurately predicting Bitcoin’s bottom in 2018, has made optimistic remarks about Bitcoin (BTC).
The crypto strategist, known by the alias Bluntz, shared with his 269,300 followers on the social media platform X that he believes Bitcoin has likely hit its bottom after completing an ABC corrective wave on the four-hour chart.
Bluntz is recognized as a successful practitioner of the Elliott Wave Theory, which suggests that assets in an uptrend often start a rally after completing a three-wave correction.
The analyst commented on both Bitcoin and Ethereum:
“We’ve seen a clear three-wave move in Bitcoin so far, and I believe this has formed a higher low. Now is the right time to buy your favorite coins. Ethereum, in my view, looks like it’s preparing for a breakout here.”
According to Bluntz’s analysis, Bitcoin could potentially rise to $68,000. At the time of writing, Bitcoin is trading at $59,320, having increased by 3.74% in the last 24 hours.
Another cryptocurrency that the analyst highlighted is Ethereum (ETH), the largest smart contract platform. Bluntz noted that Ethereum is trading within a rising triangle pattern, which typically signals a bullish breakout.
The rising triangle pattern is characterized by higher lows and a horizontal upper trendline, representing a level of resistance.
According to CoinGecko data, Ethereum has gained 1% in the last 24 hours and is currently trading at $2,598.
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