Bluntz Believes AI16Z (AI16Z), Bitcoin (BTC), and AIXBT (AIXBT) Are Poised to Spark New Leg Up

A crypto strategist with a large following believes that a new altcoin that has seen amazing gains in just a few months is setting up for another leg up.

The trader, who goes by Bluntz and has 308,000 followers on the social media platform X, tells his followers that the native token of ai16z (AI16Z), a decentralized investment platform that is powered by artificial intelligence (AI), “looks really good” after a 50% correction that came in a three-wave pattern.

The analyst applies the Elliott Wave theory, which suggests that an asset may experience a five-wave rally after completing an ABC retracement.

Bluntz believes that AI16Z is now preparing for the final leg of its larger five-wave surge, which he anticipates will take it to a new all-time high above $3.

“Should make one more fresh ATH…”

At the time of writing, AI16Z is trading at $1.66, up about 16,190% from the November 3rd low of $0.01019.

Next up is Bitcoin (BTC). The analyst suggests that Bitcoin could drop to an immediate support level, completing its ABC correction before surging 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].”

At the time of writing, Bitcoin is trading at $94,900.

Finally, the analyst looks at the AI-powered market intelligence platform aixbt by Virtuals (AIXBT). Bluntz notes that AIXBT has enjoyed a “monster uptrend from inception” and is now poised to rally further, completing a five-wave pattern on the 12-hour time frame that began in December.

AIXBT is trading at $0.564 at the time of writing.