A trader who accurately predicted the bottom of Bitcoin's 2018 bear market is warning that the cryptocurrency could experience a pullback of over 20%. The analyst, known as Bluntz, believes that Bitcoin's recent rally is part of an ABC corrective move and could drop to $22,376. Bluntz uses the Elliott Wave theory in his technical analysis to predict future price action. Bitcoin briefly surged above $30,000 on Monday but has since retraced and is currently trading at $28,478.
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