An analyst who continues to gain popularity with accurate cryptocurrency predictions believes that Bitcoin (BTC) is about to follow the surging stock market.
Over the weekend, the pseudonymous analyst Bluntz informed his 265,000 followers on the social media platform X that if BTC successfully breaks above $60,000, it is likely to trigger a rally leading to new all-time highs.
With BTC currently trading at $64,774, the crypto strategist now predicts that Bitcoin is ready to overshadow the stock market.
“Instead of crypto lagging behind, it is now catching up. The race has begun.”
The crypto analyst also anticipates that BTC is preparing for a “god candle,” which is a significant spike in price that results in a large candlestick pattern.
Taking a broader perspective, Bluntz suggests that Bitcoin may have hit its lowest point earlier this month when its value dropped below $55,000. According to the analyst, BTC bulls stepped in and took advantage of the dip, indicating that a recovery is underway. The monthly chart for Bitcoin is showing a hammer candlestick pattern, indicating that sellers have failed to maintain momentum.
“I understand that there are still [15] days left, but that monthly BTC candle is incredibly impressive.”
During the weekend, crypto analytics firm Santiment stated that Bitcoin and the rest of the cryptocurrency markets showed signs of life after news broke about an assassination attempt on former President Donald Trump during a rally in Pennsylvania on Saturday. According to Santiment, this news may have triggered increased interest in Bitcoin and the crypto market.
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