Crypto analyst Bluntz has flagged a potential bearish reversal in Bitcoin’s momentum, citing a concerning technical divergence pattern. The analysis suggests that despite price movements, buying pressure is waning, indicating an impending short-term correction. This divergence arrives before the possibility of new all-time highs, as investors are awaiting a breakout. The analyst warns traders to proceed cautiously with long positions, urging them to be wary of potential market shifts.
However, Bluntz maintains a positive outlook on gold, highlighting its potential for further gains based on Elliott Wave principles.
The analysis projects a surge in gold prices to approximately $3,600, potentially leading to record-breaking price movements in the near future.