Trader Updates Outlook on Altcoin That’s Exploded 16,190% in Under Three Months, Says Bitcoin To Fall Further
A broadly adopted crypto strategist believes {that a} new altcoin that has posted astronomical positive factors in just some months appears to be like poised to spark a contemporary leg up.
The dealer pseudonymously referred to as Bluntz tells his 308,000 followers on the social media platform X that the native token of ai16z (AI16Z), the decentralized funding platform powered by synthetic intelligence (AI), “appears to be like actually good” after a 50% correction that occurred in a three-wave sample.
The analyst follows the Elliott Wave concept, which states that an asset could witness a five-wave rally after finishing an ABC retracement.
In line with Bluntz, AI16Z is gearing up for the final leg of its bigger five-wave surge en path to a brand new all-time excessive above $3.
“Ought to make yet another contemporary all-time excessive…”
AI16Z is buying and selling at $1.66 at time of writing, up by round 16,190% from the November third low of $0.01019.
Subsequent up is Bitcoin (BTC). In line with the analyst, Bitcoin might plunge to a direct assist degree and full its ABC correction earlier than rising to a brand new all-time excessive.
“Beginning to seem like the $90,000 sweep goes to occur and not using a aid bounce in between, the excellent news is high callers are out in full pressure once more now that we’re down close to the lows.
They had been nowhere in sight simply [days ago].”
Bitcoin is buying and selling at $94,900 at time of writing.
Subsequent up is the AI-powered market intelligence platform aixbt by Virtuals (AIXBT). Bluntz says that AIXBT has loved a “monster uptrend from inception” and is primed to rally greater to finish a five-wave sample on the 12-hour timeframe that began in December.
AIXBT is buying and selling at $0.564 at time of writing.
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