Top Trader Unveils Massive Price Target for Memecoin dogwifhat (WIF), Updates Bitcoin (BTC) Forecast
A high analyst recognized for making well-timed crypto calls is unveiling an enormous worth goal for the Solana (SOL)-based memecoin dogwifhat (WIF).
Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF seems to be within the early levels of a contemporary five-wave rally.
Bluntz practices the Elliott Wave principle, which states {that a} bullish asset tends to undergo a five-wave upside transfer. The dealer shares a chart suggesting that WIF may skyrocket to as excessive as $11 by November of this 12 months earlier than concluding its five-wave surge.
“Don’t be afraid to dream a little bit greater.
WIF.”
At time of writing, WIF is buying and selling for $2.26, indicating an upside potential of over 386% if the memecoin hits the analyst’s goal.
The dealer can also be protecting a detailed watch on Bitcoin (BTC). Bluntz says he continues to be bullish on the crypto king after its most up-to-date quarterly candle flipped resistance at round $60,000 into help.
“Imagine thinking this BTC quarterly chart looks bearish, couldn’t be me.”
Bitcoin’s weekly timeframe, Bluntz shares a chart suggesting that BTC is consolidating inside a triangle sample. In line with the chart, BTC seems to be poised for a rally above $68,000 (D wave) earlier than a final leg all the way down to $62,000 (E wave).
“Cracking BTC weekly shaping up now.”
The chart additionally seems to counsel that BTC will escape and rally above $80,000 after the E-wave correction.
At time of writing, Bitcoin is buying and selling for $62,842.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Price Motion
Comply with us on X, Facebook and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Traders 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 chances are you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: DALLE3
