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A trader who accurately predicted the bottom of Bitcoin’s bear market in 2018 is now forecasting a price path to $60,000 for the cryptocurrency. The trader, known as Bluntz, follows the Elliott Wave theory, which analyzes crowd psychology to predict price movements. According to Bluntz, Bitcoin is currently in the midst of a wave three rally, with the third wave being the longest and most bullish. He predicts that Bitcoin will reach $50,000 before experiencing a wave-four correction down to $42,500. The chart also shows Bitcoin hitting $60,000 for the fifth and final wave by September 2024. In addition to Bitcoin, Bluntz is also optimistic about the smart contract platform Solana, which he believes will rally steeply after hitting a local bottom at around $55. He advises investors not to miss out on the opportunity before Solana potentially reaches $80 or more.