Top Trader Unveils Massive Price Target for Memecoin dogwifhat (WIF), Updates Bitcoin (BTC) Forecast

A top analyst known for making well-timed crypto calls is unveiling a huge price target for the Solana (SOL)-based memecoin dogwifhat (WIF).

Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF appears to be in the early stages of a fresh five-wave rally.

Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave upside move. The trader shares a chart suggesting that WIF could skyrocket to as high as $11 by November of this year before concluding its five-wave surge.

“Don’t be afraid to dream a little bigger.

WIF.”

Source: Bluntz/X

At time of writing, WIF is trading for $2.26, indicating an upside potential of over 386% if the memecoin hits the analyst’s target.

The trader is also keeping a close watch on Bitcoin (BTC). Bluntz says he continues to be bullish on the crypto king after its most recent quarterly candle flipped resistance at around $60,000 into support.

“Imagine thinking this BTC quarterly chart looks bearish, couldn’t be me.” 

Source: Bluntz/X

Looking at Bitcoin’s weekly time frame, Bluntz shares a chart suggesting that BTC is consolidating within a triangle pattern. According to the chart, BTC looks poised for a rally above $68,000 (D wave) before a last leg down to $62,000 (E wave).

Sponsored

“Cracking BTC weekly shaping up now.”

Source: Bluntz/X

The chart also appears to suggest that BTC will break out and rally above $80,000 after the E-wave correction.

At time of writing, Bitcoin is trading for $62,842.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Tumblr

Surf BitcoinLinux Mix

View Latest Crypto News

BTCnix Home
&nbsp

Get Alerts 728x90 6
Disclaimer: Opinions expressed at BitcoinLinux are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. BitcoinLinux does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is BitcoinLinux an investment advisor. Please note that BitcoinLinux participates in affiliate marketing.

Generated Image: DALLE3

The post Top Trader Unveils Massive Price Target for Memecoin dogwifhat (WIF), Updates Bitcoin (BTC) Forecast appeared first on BitcoinLinux.