A trader, known only by their pseudonym Bluntz, is one of the most respected Bitcoin analysts on the market.He nailed the bottom of the 2018 bear market and now he’s sharing insights on Bitcoin’s potential climb to $60,000.Bluntz, who’s got quite a following on X (*previously Twitter), is talking about Bitcoin being in a ‘wave three rally’.This is based on Elliott Wave theory, a method in technical analysis that studies crowd psychology in market trends.According to this theory, a bullish asset, like Bitcoin, experiences a five-wave uptrend, with the third wave typically being the largest surge.We’ll examine Bluntz’s prediction in more detail and show you some Bitcoin derivatives that hold great potential for gains alongside Bitcoin.[>>>Get the Best Presale Project Now >>Get the Best Presale Project Now >>Buy the Bitcoin Minetrix Now<<<](https://coinrepublic.care/b_btcmtx_43675?referrer=7-cryptos-poised-for-major-milestones-and-significant-gains-this-week!) [Bitcoin Minetrix](https://www.thecoinrepublic.com/2023/10/18/btc-may-surge-with-secs-grayscale-etf-decision-bitcoin-minetrix-ico-hits-1-5m/) eliminates the need for extensive technical expertise or substantial initial investment.By purchasing Bitcoin Minetrix tokens, identified as $BTCMTX, and staking them, users can seamlessly participate in Bitcoin mining and start earning Bitcoin.
One of the notable advantages of Bitcoin Minetrix is its environmentally friendly and space-efficient approach.Unlike traditional mining methods, which often involve loud machinery and significant physical space, Bitcoin Minetrix operates entirely through cloud computing, offering a quieter and more sustainable alternative.The project has quickly captured the interest of investors, as evidenced by the substantial sum of over $4.2 million raised during the initial months of its presale.The structure of the presale, with its capped limit and distinct stages, creates a sense of urgency among potential investors, encouraging early participation.As Bitcoin Minetrix continues to evolve, it presents a unique opportunity for individuals to engage with Bitcoin mining in a more accessible and eco-friendly manner.But hurry up, at this rate, BTCMTX will be sold out before you even get the time to think! Bitcoin SV (BSV) – Coinbase Drops Support for BSV But it Can Recover Bitcoin SV (BSV), also known as Satoshi’s Vision, is currently facing a challenging situation.This cryptocurrency, which emerged from a hard fork of Bitcoin Cash in November 2018, is known for its controversial origins and claims by its supporters to be the “original Bitcoin.” Adding to its challenges, Coinbase, one of America’s largest cryptocurrency exchanges, has decided to fully withdraw its support for BSV.
This decision, announced more than two years after BSV was delisted from trading on Coinbase, was driven by concerns over the blockchain’s stability, primarily due to a “51% attack” that the network suffered.[Coinbase](https://www.thecoinrepublic.com/2023/11/23/coinbase-lawyer-slams-sec-for-hedge-and-delay-for-crypto-rules/) has set a deadline of January 9, 2024, for users to withdraw their BSV funds, after which the remaining BSV will be liquidated.This move by Coinbase was not entirely unexpected, but it resulted in a slight decrease in BSV’s value, dipping below $50 shortly after the announcement.However, if the original BTC prediction comes true, we can realistically expect BSV to pump along with it Conclusion There you have it, as you can see, we can expect a new bull market to start soon, especially with the upcoming ETF approvals and the halving event.Bluntz’s forecast for Bitcoin’s rise to $60,000, underpinned by Elliott Wave theory, paints an optimistic picture of BTC’s future.The spotlight also shines on promising projects like Bitcoin ETF Token ($BTCETF) and Bitcoin Minetrix ($BTCMTX), each bringing unique features and attracting significant investor interest.Despite challenges like Bitcoin SV’s (BSV) recent struggles, the overarching sentiment in the crypto market remains one of opportunity and growth, with various projects and predictions offering diverse ways for investors to engage and potentially benefit.
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