A prominent crypto analyst, renowned for accurate Bitcoin predictions, suggests that BTC is poised for a final correction before embarking on a new record-breaking surge.

Operating under the pseudonym Bluntz, the analyst shares insights with his 261,200 followers on X, indicating that Bitcoin is currently forming a bullish pennant pattern on the three-day chart. Bluntz anticipates a potential dip towards $60,000 before a strong rally above $80,000.

Expressing concern over the current state of altcoins, Bluntz highlights the resilience of BTC amid market fluctuations. He speculates that a pullback to $62,500, representing a modest 12% decrease for Bitcoin, could have significant implications for alternative cryptocurrencies.

Examining Bluntz’s chart, it appears that he foresees Bitcoin reaching close to $87,500 by the year’s end. As of now, Bitcoin is valued at $67,315, reflecting a slight decline of over 3% in the last day.

In addition to Bitcoin, Bluntz is closely monitoring the meme coin dogwifhat (WIF). His analysis suggests a bearish outlook for WIF, with a potential drop to $1 on the horizon.

Employing the Elliott Wave theory, which emphasizes corrective phases following bullish price movements, Bluntz’s chart indicates that WIF has completed a five-wave surge, reaching nearly $5. The prediction points to a corrective drop to $1.068 for WIF, currently priced at $2.54.

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