In a recent forecast, a well-known crypto analyst, who goes by the alias Bluntz, predicted substantial growth for Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
As detailed by The Daily Hodl, Bluntz sees a strong upside for Polygon, a scaling solution for Ethereum. He emphasized that the crypto asset has been on a bullish trend, as evidenced by the series of higher highs and lows it experienced over the weekend.
When it comes to Bitcoin, Bluntz dismissed the current pessimistic narratives. Instead, he suggested that the premier crypto asset is on track for a rally, following the end of a downward triangle pattern, which he views as a series of three-wave contractions.
For Ethereum, Bluntz envisages a significant upward surge, contingent on its successful breach of a key resistance level that has remained unbroken for more than a year. He expects this breakthrough to trigger a release of pent-up frustration, propelling the asset to new highs.
As for Solana, Bluntz anticipates that the sixth-largest crypto asset is on the brink of setting a new high for 2023. He believes that the current bearish pattern is merely a trap set to ensnare investors, despite indications of a potential breakdown from a head and shoulders reversal pattern.