An analyst who is widely respected and a trader are bullish about a Solana-built blockchain oracle (SOLBitcoin ecosystem, while giving his perspective on Bitcoin (BTCDogecoin, (DOGE).
Bluntz, a pseudonymous crypto-trader tells His 290,400 subscribers on the social network platform X the native token from Solana-based Blockchain oracle Pyth NetworkPYTHThe upcoming bullish trend is set to be strong.
“God candles loading on PYTH.
The perfect rounded bottom, with 3 months’ accumulation.
The final boss is currently flirting with you in terms of accumulation resistance [just below the $0.50 price] Clear skies in front once the clouds have cleared.
I think that Solana beta will soon be getting some attention again.
PYTH was trading for $0.399 as of the time this article is written.
Moving on to the flagship digital asset, Bluntz – who regularly utilizes Elliott Wave theory in his technical analysis – says Bitcoin “should pop higher” Then, a quick correction is made in three waves.
Elliott Waves theory says that the major trend in the price movement of an asset follows a pattern of five waves, whereas a correction is a pattern of three waves.
Bluntz’ chart suggests, based on his analysis, that Bitcoin may reach an all-time price high just below $80,000 during the first days of Novembre.
“I see lots of election volatility fear posts popping up and I don’t think the fear is unfounded, but I do think that election volatility will rear its head from higher up.”
Bitcoin’s current price is $72,054.
The trader concludes with the popular meme asset, DOGE says It is ready to move higher following an accumulation period exceeding two years.
Many will sell DOGE at low prices, but they’ll regret it later.
It is the culmination of 874 consecutive days. Recondition your mind, invest in something.”
Dogecoin was trading for $0.171 when this post was published.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors must do due diligence prior to making high-risk investment in Bitcoin, cryptocurrency and digital assets. You are responsible for any losses that you might incur. The Daily Hodl neither advises the purchase or sale of digital assets or cryptocurrencies, nor does it act as an investment advisor. The Daily Hodl is an affiliate marketer.
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