Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline

May 20, 2025

SEC Chair Unleases Plan to Merge Crypto and Securities Under One Roof

May 20, 2025

US Senate moves forward with GENIUS stablecoin bill

May 20, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline

    May 20, 2025

    SEC Chair Unleases Plan to Merge Crypto and Securities Under One Roof

    May 20, 2025

    US Senate moves forward with GENIUS stablecoin bill

    May 20, 2025

    Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

    May 20, 2025

    Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec

    May 19, 2025

    Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week

    May 19, 2025

    Bitcoin futures data aligns with BTC traders’ hope for new all-time highs

    May 19, 2025

    Michael Saylor Hit With Class Action Lawsuit for Allegedly Violating Securities Laws and Issuing False and Misleading Statements

    May 19, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

    May 19, 2025

    US crypto funds top $7.5B inflows in 2025 as investor appetite grows

    May 19, 2025

    Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

    May 19, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Community sales are the future of crypto fundraising

    May 19, 2025

    Trader Predicts Ethereum Rally to All-Time Highs, Expects Bullish Continuation for Chainlink and One Solana Rival

    May 19, 2025

    CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline

    May 20, 2025

    SEC Chair Unleases Plan to Merge Crypto and Securities Under One Roof

    May 20, 2025

    US Senate moves forward with GENIUS stablecoin bill

    May 20, 2025

    Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

    May 20, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Parabolic: Escape the Fiat System NOW!

    May 19, 2025

    URGENT: Crypto Holders – It's a TRAP!! What Comes NEXT?? (Do NOT Be Fooled!)

    May 19, 2025

    Million Dollar Bitcoin?

    May 19, 2025

    EMERGENCY BITCOIN ALERT! SCARY Bond Market Crisis

    May 19, 2025

    Top Crypto Coins Made in USA That Will SURGE By Summer 2025

    May 18, 2025
ApeWatcher News
Home » Top Analyst Says ‘Max Pain’ Scenario Coming for Bitcoin (BTC), Predicts Parabolic Rally for Gold
Top Analyst Says ‘Max Pain’ Scenario Coming for Bitcoin (BTC), Predicts Parabolic Rally for Gold
News

Top Analyst Says ‘Max Pain’ Scenario Coming for Bitcoin (BTC), Predicts Parabolic Rally for Gold

The Daily HodlBy The Daily HodlApril 10, 20240 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A top analyst known for making timely crypto calls warns that Bitcoin (BTC) may be in the midst of witnessing a painful scenario.

Pseudonymous trader Bluntz tells his 254,100 followers on the social media platform X that Bitcoin appears to be flashing an ABC corrective move on the daily chart.

Bluntz practices the Elliott Wave theory, which states that a bullish asset typically consolidates within an ABC corrective wave after going through a five-wave uptrend.

Says Bluntz,

“Max pain on BTC is take out the highs, make everyone FOMO (fear of missing out) back in and think it’s some kind of triangle breakout then BAM, fade back into the lower end of the range again before the real run-up.”

Based on the trader’s chart, he seems to suggest that BTC will soar to $76,000 only to drop to $64,000 before rallying to a new all-time high of $82,000.

At time of writing, Bitcoin is worth $69,296, down nearly 4% in the last 24 hours.

Looking at gold, Bluntz says the precious metal appears to be in the midst of a five-wave rally that could push prices above $3,600.

“Gold really is about to start going parabolic after a decade of barely beating inflation.”

Image

At time of writing, Gold is worth $2,352.

The trader is also keeping an eye on the Solana versus Bitcoin (SOL/BTC) pair. According to the trader, SOL/BTC has likely carved a local bottom at around 0.00246 BTC ($170) after completing an ABC corrective wave.

“Ok, we swept that low and now we have an hourly bullish divergence on SOL/BTC.

I’m pretty sure that’s the low.” 

Image

At time of writing, SOL/BTC is worth 0.00249 BTC ($172).

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Generated Image: Midjourney



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline

May 20, 2025

SEC Chair Unleases Plan to Merge Crypto and Securities Under One Roof

May 20, 2025

US Senate moves forward with GENIUS stablecoin bill

May 20, 2025

Tornado Cash Dev Roman Storm’s Defense Team Wants to Know if DOJ Withheld Evidence

May 20, 2025

JPMorgan Will Allow Clients to Buy Bitcoin, CEO Jamie Dimon Confirms

May 20, 2025

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

May 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline

May 20, 2025

SEC Chair Unleases Plan to Merge Crypto and Securities Under One Roof

May 20, 2025

US Senate moves forward with GENIUS stablecoin bill

May 20, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.