A widely followed crypto strategist believes that a new altcoin that has posted astronomical gains in just a few months looks poised to spark a fresh leg up. The trader pseudonymously known as Bluntz tells his 308,000 followers on the social media platform X that the native token of ai16z ( AI16Z ), the decentralized investment platform powered by artificial intelligence (AI), “looks really good” after a 50% correction that occurred in a three-wave pattern. The analyst follows the Elliott Wave theory, which states that an asset may witness a five-wave rally after completing an ABC retracement. According to Bluntz, AI16Z is gearing up for the last leg of its larger five-wave surge en route to a new all-time high above $3. “Should make one more fresh all-time high…” Source: Bluntz/X AI16Z is trading at $1.66 at time of writing, up by around 16,190% from the November 3rd low of $0.01019. Next up is Bitcoin ( BTC ). According to the analyst, Bitcoin could plunge to an immediate support level and complete its ABC correction before rising to a new all-time high. “Starting to look like the $90,000 sweep is going to happen without a relief bounce in between, the good news is top callers are out in full force again now that we are down near the lows. They were nowhere in sight just [days ago].” Source: Bluntz/X Bitcoin is trading at $94,900 at time of writing. Next up is the AI-powered market intelligence platform aixbt by Virtuals ( AIXBT ). Bluntz says that AIXBT has enjoyed a “monster uptrend from inception” and is primed to rally higher to complete a five-wave pattern on the 12-hour time frame that started in December. Source: Bluntz/X AIXBT is trading at $0.564 at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Updates Outlook on Altcoin That’s Exploded 16,190% in Under Three Months, Says Bitcoin To Fall Further appeared first on The Daily Hodl .
