Top Trader Says ‘God Candle’ Loading for Bitcoin, Predicts BTC Catching Up To Stock Market Rallies
An analyst who continues to build a following with timely crypto calls believes the time has come for Bitcoin (BTC) to follow in the footsteps of the surging stock market.
Over the weekend, pseudonymous analyst Bluntz told his 265,000 followers on the social media platform X that Bitcoin was poised to kickstart a rally en route to new all-time highs should BTC convincingly break above $60,000.
With BTC trading at $64,774 at time of writing, the crypto strategist now believes that Bitcoin is ready to steal the stock market’s thunder.
“Crypto wasn’t leading, it was lagging.
The great catch-up begins.”
The crypto analyst also believes that BTC is gearing up to print a “god candle” or a massive spike in price translating into a big candlestick pattern.
Zooming out, Bluntz suggests that Bitcoin may have bottomed out earlier this month when it dropped below $55,000 and BTC bulls stepped up and accumulated the dip. According to the analyst, Bitcoin is currently flashing a hammer candlestick pattern on the monthly chart, suggesting that a recovery is in motion after sellers failed to maintain momentum.
“I know there are still [15] days to go but damn that monthly BTC candle is straight fire.”
During the weekend, crypto analytics firm Santiment said that Bitcoin and the rest of the crypto markets started showing signs of life after former President Donald Trump survived an assassination attempt while speaking at a rally in Pennsylvania on Saturday afternoon. According to Santiment, news of the assassination attempt may have awoken Bitcoin and crypto.
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Author: Henry Kanapi
