Pseudonymous analyst Bluntz, recognized for accurately calling the 2025 Bitcoin peak, now suggests the market is on the verge of a decisive upward turn. The trader cites a four-hour bullish divergence on Bitcoin, where the Relative Strength Index trends higher despite the price making lower lows.
Bitcoin is currently trading at $60,072.
The bullish outlook extends to Solana. Bluntz points to a similar reversal pattern on the weekly chart, mirroring the powerful bearish divergences that previously identified the cycle top.
Solana is trading at $77.36 at the time of reporting.
Applying Elliott Wave theory, the strategist also believes Circle has completed its final corrective wave. Bluntz interprets a CRCL breakout as a strong proxy indicator for overall crypto market health.
CRCL is trading at $61.95, down 22% year-to-date.