A popular analyst, known as Bluntz, who has gained a significant following for his accurate predictions on cryptocurrencies, believes that Bitcoin is about to embark on a similar upward trajectory as the surging stock market. In a recent statement to his 265,000 followers on the social media platform X, Bluntz expressed his belief that if Bitcoin can surpass the $60,000 mark, it will initiate a rally that will lead to new all-time highs.

Currently, Bitcoin is trading at $64,774, and Bluntz now confidently asserts that Bitcoin is ready to surpass the stock market in terms of performance. He states, “Crypto wasn’t leading, it was lagging. The great catch-up begins.” Bluntz further predicts that Bitcoin is gearing up to experience a “god candle,” which refers to a substantial spike in price that translates into a significant candlestick pattern.

Taking a broader perspective, Bluntz suggests that Bitcoin may have reached its lowest point earlier this month when its value dropped below $55,000. However, BTC bulls quickly intervened and accumulated the dip, indicating a potential recovery. According to Bluntz, Bitcoin is currently exhibiting a hammer candlestick pattern on the monthly chart, indicating that momentum is shifting in favor of buyers.

Bluntz expresses his excitement about the potential recovery, stating, “I know there are still [15] days to go, but damn, that monthly BTC candle is straight fire.”

In a separate development, crypto analytics firm Santiment reported that Bitcoin and other cryptocurrencies showed signs of life following an assassination attempt on former President Donald Trump during a rally in Pennsylvania. Santiment speculates that this news may have acted as a catalyst, awakening Bitcoin and the broader crypto market.

In conclusion, Bitcoin appears poised for a significant rally, with analysts like Bluntz anticipating new all-time highs. However, investors should conduct thorough research and exercise caution before making any high-risk investments in Bitcoin or other cryptocurrencies. The Daily Hodl does not provide investment advice and recommends that individuals approach trading with their own discretion and responsibility.