The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin (BTC) About To Witness Real FOMO and Disbelief, According to Crypto Strategist – Here’s His Outlook

by Daily Hodl Staff
August 30, 2023
in Bitcoin, Ethereum

A closely followed crypto strategist believes that Bitcoin (BTC) traders are very close to feeling a fear of missing out (FOMO).

Pseudonymous analyst Credible Crypto tells his 346,400 followers on the social media platform X that he believes Bitcoin will ignite a strong move to the upside if it manages to reclaim a key level.

“The real FOMO, panic, and disbelief start once we break back above $29,000-$30,000. If you think this pump was strong, wait till that region is reclaimed… BTC.”

Credible Crypto’s outlook comes as Bitcoin jumped after news broke that digital asset manager Grayscale won its lawsuit against the U.S. Securities and Exchange Commission (SEC) over the approval of a spot-based BTC exchange-traded fund (ETF).

At time of writing, Bitcoin is worth $27,621, up nearly 6% in the last 24 hours.

According to Credible Crypto, it is likely that Bitcoin will keep soaring while traders wait for lower levels.

“Probably the most off-sides this market has been since $15,000 with everyone thinking $24,000 breakdown was a given.

The reality is there was no break in the market structure to justify the overly bearish sentiment. Maximum pain [scenario] is to just keep pumping and leave everyone who was waiting for a breakdown behind – like we have done so many times in the past.” 

Meanwhile, fellow analyst Bluntz says that he’s not sold on the latest Bitcoin surge. According to the top trader, he sees Bitcoin and Ethereum (ETH) witnessing one more move to the downside before the real recovery begins.

“I’m still not 100% sold on this move up being a low on BTC or ETH. 

I still think one more leg down needs to happen to complete a (5) of C for BTC and ETH before I’ll be happy to call bottoms.

The invalidation of this thesis is if we break $1,804 for ETH or $28,770 for BTC as wave fours can’t go within wave one territory.” 

Image
Source: Bluntz/Twitter

Bluntz is a popular practitioner of the Elliott Wave theory, an advanced technical analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bearish asset typically goes through an ABC wave before reversing its trend.

Looking at the trader’s chart, he appears to predict that Ethereum is due for one more correction before it rallies above $2,000.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

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

Submit a Press Release

Industry Announcements

  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
  • BTCC Exchange Celebrates 14th Anniversary With Launch of First-Ever User Badge Program
    June 18, 2025
  • R0AR Introduces Unified DeFi Platform for Token, Liquidity and NFT Staking
    June 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,737.06
$104,737.06
0.03%
Ethereum
$2,520.49
$2,520.49
0.04%
BNB
$644.95
$644.95
0%
Solana
$145.41
$145.41
0.13%
XRP
$2.15
$2.15
0.43%

Spotlight

  • Hacker Strikes Mortgage Firm, Steals Personal Info From 30,453 People, Including Security Numbers, Names and Account Details
    June 13, 2025
  • $190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook
    June 13, 2025
  • Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year
    June 13, 2025
  • Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst
    June 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl