Analyst Predicts Massive Breakouts for Helium, Bitcoin, and NEAR Protocol

Cryptocurrency analyst Bluntz predicts significant price surges for Helium, Bitcoin, and NEAR Protocol based on Elliott Wave theory and chart patterns. He forecasts a massive breakout for Helium, new all-time highs for Bitcoin, and a nearly 50% gain for NEAR Protocol.

Aqsa Younas Rana
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Analyst Predicts Massive Breakouts for Helium, Bitcoin, and NEAR Protocol

Analyst Predicts Massive Breakouts for Helium, Bitcoin, and NEAR Protocol

Renowned cryptocurrency analyst and trader Bluntz, with 258,700 followers on social media platform X, is making waves with his bullish predictions for three cryptocurrencies: Helium (HNT), Bitcoin (BTC), and NEAR Protocol (NEAR). Utilizing the Elliott Wave theory and analyzing chart patterns, Bluntz foresees significant price surges for these digital assets in the near future.

Why this matters: Thepredictions of a well-known cryptocurrency analyst can have a significant impact on the market, influencing investor decisions and potentially shaping the future of these digital assets. As the cryptocurrency market continues to evolve, accurate predictions can help investors make informed decisions and avoid potential losses.

For Helium, currently trading at $4.63, Bluntz anticipates a massive breakout. He points to a five-wave rise from recent lows, followed by a clear three-wave ABC correction. Notably, the price has reacted strongly at the 0.618 Fibonacci retracement level, a key indicator for potential trend reversals. "Since original post we did a nice five wave rise from the lows and now a clear three wave ABC right into the 0.618 [Fibonacci retracement level] here with a strong reaction from it. This one is going to be a banger in my opinion, liking the structure a lot while $3.40 holds,"Bluntz stated.

Turning to Bitcoin, the world's largest cryptocurrency by market capitalization, Bluntz predicts a breakout to new all-time highs. He expects Bitcoin, currently trading at $60,829, to potentially reach $84,000. This projection is based on a falling wedge pattern on the daily chart, which often precedes bullish reversals. "BTC likely going to be a solid engulfing on the daily close [May 9th]. Looking like the next push up into ATHs has started in my opinion," Bluntz commented.

Bluntz is also bullish on NEAR Protocol, a smart contract platform currently trading at $7.34. He predicts a nearly 50% gain, with NEAR potentially soaring to $11. The analyst notes that NEAR has been printing a bullish pattern of higher low prices, making it one of his favorite picks among the top 20 coins. "NEAR still one of my favorite picks at the moment and one of strongest uptrends of top 20 coins since the April capitulation lows," Bluntz remarked.

Bluntz's predictions are rooted in the Elliott Wave theory, which suggests that price movements can be forecasted based on crowd psychology and wave patterns. By identifying key levels of support and resistance, along with chart patterns like the falling wedge, Bluntz aims to anticipate significant price moves before they occur.

As the cryptocurrency market continues to evolve and mature, analysts like Bluntz play a crucial role in providing insights and projections for investors and traders. While his predictions are based on technical analysis and market trends, it is important to remember that the cryptocurrency market is highly volatile and subject to rapid changes. As always, investors should conduct their own research and exercise caution when making investment decisions.