A renowned market prognosticator, celebrated for his timely predictions in the cryptocurrency sphere, has recently disclosed an ambitious valuation forecast for the Solana-based digital token, dogwifhat (WIF). The incognito market expert, Bluntz, has shared with his substantial following of 264,200 on the digital platform X that WIF is seemingly on the cusp of an initial phase of a robust five-wave ascent.

Adhering to the principles of the Elliott Wave theory, which posits that a market in a bullish phase typically experiences a quintet of upward movements, Bluntz has presented a graphical analysis that projects WIF’s value could soar to a staggering $11 by the month of November this year, marking the culmination of its anticipated five-wave rally.

“Let your aspirations soar.
WIF.”


Credit:
Bluntz/X

Presently, WIF’s market price stands at $2.26, suggesting a remarkable growth potential exceeding 386% should the digital token attain the analyst’s projected milestone.

In addition, Bluntz is meticulously monitoring Bitcoin (BTC), maintaining an optimistic stance on the preeminent cryptocurrency subsequent to its latest quarterly market activity, which transformed a resistance level near $60,000 into a newfound support base.

“Envisioning this BTC quarterly graph as bearish? Not in my view.”


Credit:
Bluntz/X

Delving into Bitcoin’s weekly chart, Bluntz has indicated that BTC is currently undergoing a consolidation phase, forming a triangular pattern. The chart intimates that BTC is primed for an upsurge surpassing $68,000 (D wave), followed by a minor retracement to $62,000 (E wave).

“A pivotal BTC weekly outlook is taking shape.”


Credit:
Bluntz/X

The graphical representation also hints at a subsequent breakout for BTC, with expectations set for a rally eclipsing $80,000 post the E-wave adjustment.

At the moment of documentation, Bitcoin is valued at $62,842.

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Disclaimer: The viewpoints expressed at The Daily Hodl do not constitute investment counsel. Prior to engaging in any high-stakes investments in Bitcoin, cryptocurrencies, or digital assets, investors are advised to conduct thorough research. It is important to note that your financial transactions and dealings are your sole responsibility, and any potential losses incurred are at your own risk. The Daily Hodl neither endorses the purchase nor the sale of any digital currencies or assets and is not a financial advisory entity. It is also noteworthy that The Daily Hodl engages in affiliate marketing programs.
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