Crypto Analyst Predicts Bitcoin Price for the Next Two Weeks

A prominent crypto trader known as Bluntz has predicted bearish trends for the broader cryptocurrency market.

The analyst predicts “a minimum of two weeks of broader market decline.” He also said that he has transferred most of his crypto assets into stablecoins, saying that he will not be taking long positions in the near future.

Bluntz specifically stated that Bitcoin ( BTC ) could experience a downtrend with volatile movements for about two more weeks, potentially bottoming out around $60,000 before an eventual recovery.

His analysis of the charts suggests that Bitcoin could reach a new all-time high of $82,000, representing a more than 25% increase from its current price, which hovers above $64,500.

finally back form holidays and thankfully didnt mis too much.

i think $btc completed a nice clear 5 wave rise from the 54k lows that took 24 days and were currently only 2 days into an abc correcting that move.

we will probs last another 2 weeks or so of downward chop before… pic.twitter.com/sAnK9U2g92

— Bluntz (@Bluntz_Capital) August 1, 2024