You can also read this news on BH NEWS: PEPE Coin and Bitcoin Exhibit Promising Growth

Renowned trading expert "Bluntz" has recently provided insightful forecasts for the meme currency Pepe (PEPE) and Bitcoin (BTC) on social media platform X. Bluntz predicts PEPE has the potential to experience a surge of over 35% from its current value, indicating substantial growth opportunities in the altcoin sector.

PEPE Coin's Expected Trajectory

Bluntz notes that PEPE has reached a local bottom following an ABC correction on its hourly chart, potentially signaling an upward trend based on Elliott Wave principles. According to his analysis, PEPE may ascend to approximately $0.00002800 by forming a five-wave pattern indicative of its price increase.

Bitcoin's Potential Rise

The analyst also comments on Bitcoin's current upward momentum, observing that it is in wave five of a significant rise. He forecasts that Bitcoin could reach a valuation of $180,000, citing its recent peak at $99,588.

Technical Indicators and Market Considerations

PEPE has exhibited a significant increase of over 160% since its low in November. Bluntz anticipates a breakout for PEPE as it nears the completion of a five-wave pattern. Both PEPE and Bitcoin show favorable technical indicators, but it is important to note that market volatility remains a factor.

Cautionary Note

While Bluntz's assessments provide optimism for PEPE and Bitcoin, individuals engaging in cryptocurrency trading should conduct their own thorough analyses. The dynamic nature of the market demands a meticulous evaluation of potential risks and rewards.