A widely followed crypto strategist believes that a new altcoin that has posted astronomical gains in just a few months appears poised to take another step forward.
The trader pseudonymously known as Bluntz tells According to its 308,000 followers on social media platform .
The analyst follows the Elliott Wave theory, which states that an asset can witness a five-wave rally after completing an ABC retracement.
According to Bluntz, AI16Z is gearing up for the final leg of its larger five-wave surge on its way to a new all-time high above $3.
“Gotta make a fresh all-time high…”
AI16Z is trading at $1.66 at the time of writing, up about 16.190% from the November 3 low of $0.01019.
The next step is Bitcoin (BTC). According to the analyst, Bitcoin could do that dive to an immediate support level and completes the ABC correction before rising to a new all-time high.
“It’s starting to look like the $90,000 sweep will happen without a relief in between. The good news is that the top callers are back at full strength now that we are near the lows.
They were nowhere to be seen [days ago].”
Bitcoin is trading at $94,900 at the time of writing.
Next up is Virtuals’ (AIXBT) AI-powered market intelligence platform aixbt. Bluntz say that AIXBT has been on a “monstrous uptrend” since its inception and is poised to move higher to complete a five-wave pattern within the 12-hour time frame that began in December.
AIXBT is trading at $0.564 at the time of writing.
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Generated image: Midjourney