Bitcoin News Today TheBitTimes.com

A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that’s exploded by over 9x in days. The analyst pseudonymously known as Altcoin Sherpa tells his 224,800 followers on the social media platform X that the Goatseus Maximus (GOAT) memecoin may consolidate for a while after rising by nearly 860% from its price of $0.045 on October 13th. “GOAT I think a range between $0.20 and $0.40 would be extremely healthy. Still holding this one for a while personally.” Source: Altcoin Sherpa/X According to Altcoin Sherpa, GOAT is likely to reach a market cap of $500 million. GOAT’s current market cap stands at just under $430 million. GOAT is trading at $0.429 at time of writing. Next up is Bitcoin (BTC). Altcoin Sherpa says he’s bullish on Bitcoin and the next resistance area he expects BTC to overcome is slightly above the $70,000 price, a level that was last reached in July. The pseudonymous analyst furth...

A widely followed cryptocurrency analyst and trader is predicting a massive rally for one large-cap memecoin. Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) could soar more than 495% from the current value. “$10 next, it’s inevitable.” The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF having dropped down to $1.11 this week, Bluntz believes that WIF’s ABC correction is likely over and the memecoin is ready to ignite a massive upside move. “Safe bet in my opinion is to wait for the reclaim of $1.60 on a daily closing basis which would be confirmation of a low being in.” Source: Bluntz/X WIF is trading for $1.68 at time of writing, up 6% in the last 24 hours. Next up, the analyst says that smart contract platform Solana (SOL) may ha...