An analyst known for making timely crypto calls believes that Bitcoin (BTC) is flashing bullish signals.
The pseudonymous analyst Bluntz tells his 336,300 followers on X that Bitcoin is showing bullish divergence on the four hour chart.
Bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.
“4h bull div on BTC in weekly bull div territory. Market very close to turning north.”
Source: Bluntz/X
Bitcoin is trading for $60,072 at time of writing, up 2.1% on the day.
The analyst is also suddenly turning bullish on Solana (SOL), saying the Ethereum (ETH) rival is showing bullish divergence on the weekly chart.
“Just like weekly bear divs were an amazing predictor of the bull market top on SOL, it also cuts both ways. If you’re bearish down here I’m sorry but you are [wrong].”
Source: Bluntz/X
Solana is trading for $77.36 at time of writing, up 4.2% on the day.
Lastly, the analyst says that stablecoin giant Circle (CRCL) is gearing up for a massive breakout.
Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally after going through an ABC correction. The analyst shares a chart that suggests CRCL is completing a final C-wave.
“Thinking CRCL has bottomed here, good indicator for crypto as a whole in my opinion.”
Source: Bluntz/X
CRCL is trading at $61.95 at time of writing, down 22% year-to-date.
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