As of now, Bitcoin is valued at $64,600, showing buyer interest amid ongoing market uncertainty. With the recent war instigated by Russia, investors are shifting focus to issues like inflation that could worsen due to regional conflicts. What do predictions from knowledgeable analysts reveal about the current market situation?

Referred to as Bluntz, the analyst suggests that Bitcoin has completed an ABC correction wave on the four-hour chart. By utilizing Elliott wave counting for predicting longer-term movements, the prevailing trend remains upward despite potential short-term fluctuations, supporting Bluntz’s outlook.

Reviewing the analyst’s chart, an anticipated move for BTC towards a new high of $82,228 is suggested. With Bitcoin priced at $64,600, market direction hinges on upcoming news cycles, determining the leading cryptocurrency’s trajectory ahead of the halving event.

Analyst’s Projections for WIF Coin

Bluntz has also offered insights on the emerging altcoin competitor to Dogecoin, known as dogwifhat (WIF), which has gained momentum on the Solana network ranking as the third-largest meme coin by market value. A potential rebound from $1.80 could pave the way for new highs for WIF.

At the $1.80 level, considered the 0.618 Fib range for WIF, Bluntz observes, "I hope this level holds as the local bottom." Continuation of WIF Coin’s recovery may drive prices to target higher levels, encouraging a climb towards $3.6 and $4.3 with consistent closures above $2.92, followed by a peak at $4.9.

Conversely, a breach of the support range between $1.8 and $1.9 could trigger testing of support levels at $1.64 and $0.98. Any sustained dips below this range may signal the completion of the long-term uptrend according to current projections.