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One of the most widely followed cryptocurrency strategists and traders believes that Bitcoin (Bitcoin) is poised to spark a major rally.
Analyst The Crypto Dog tells his 805,600 followers on social media platform X that Bitcoin appears to be mirroring a pattern seen in November 2020 when BTC sparked a parabolic rally from $14,000 to $69,000 in just a few months.
“The last time BTC broke a level like this, we pumped 375%.”
Looking at the trader’s chart, it appears that he expects the Bitcoin bull run to begin after BTC breaks its immediate resistance at around $68,300.
At the time of writing, Bitcoin is trading at $67,615.
According to The Crypto Dog, it is: Vision There are signs that Bitcoin may be in the early stages of a major rally to the upside.
“The tendency to have a continuous upward trend without a significant decline, often occurring at the beginning of a major rally.”
Analyst too Notes It is believed that the current rally will take BTC into uncharted territory.
“This is the highest level ever. Get a blood test. Take intramuscular testosterone if it’s below 1000 ng/dL. Don’t leave anything to chance.”
The analyst also closely monitors the price movement of Solana (SolBonk (meme coin)PunkThe trader believes that BONK will continue to outperform the overall cryptocurrency market due to its strong price action this year.
“Coins that are pumped hard early on tend to maintain that lead.”
At the time of writing, BONK is trading at $0.0000298, down nearly 6% on the day.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
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