Crypto trader Bluntz, known for nailing market calls, says Bitcoin might see a sharp pullback before the next big rally. On X, he shared a chart showing $BTC forming an “ending diagonal”—a pattern in Elliott Wave theory that hints at a correction before a final push up.
Bluntz expects $BTC could slide toward $110K before bouncing to around $135K for a new record. Right now, Bitcoin is trading near $120K.
It’s not just BTC on his radar—Bluntz also sees Fartcoin (built on Solana) ready for a 140% pump after hitting a key support level.
Macro factors add to the uncertainty: rate cut hopes from the Fed are fueling risk assets, but any surprise could trigger profit-taking. That dip, he says, might be the perfect entry for the next leg up.
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