In a bullish forecast that has garnered significant attention in the cryptocurrency community, a well-known pseudonymous analyst, Bluntz, is predicting a fresh surge in Bitcoin (BTC) that could propel the digital asset to new record highs. With over 270,000 followers on social media platform X, Bluntz shared his analysis, suggesting that Bitcoin has kickstarted a new five-wave upward movement, following the principles of the Elliott Wave theory. With resistance at $62,000 being surpassed, Bluntz believes that BTC could see a significant rally in the coming weeks. At the time of writing, Bitcoin is trading at $63,888, marking a notable 5% increase in the past day.

Bluntz's chart indicates that if Bitcoin continues on this trajectory, it could reach a staggering price of $84,000 by mid-September, utilizing a series of waves. This prediction has sparked considerable excitement among cryptocurrency enthusiasts, as many eagerly anticipate a potential surge in Bitcoin's value in the near future.

Taking a closer look at Solana's (SOL) competitor, Sei, the pseudonymous analyst suggests that a major upward movement is looming for the digital asset. Bluntz highlights that Sei presents a bullish divergence in its SEI/BTC pair, with a weekly bull div, indicating potentially positive price action against Bitcoin. Additionally, the SEI/USD pair exhibits a clear five-wave rise from recent lows, coupled with a healthy pullback and heavy negative funding. Such indications have led Bluntz to believe that SEI is on the verge of a significant rally.

A bullish divergence occurs when an asset forms lower lows while printing higher lows on a momentum oscillator such as the relative strength index (RSI), signaling a potential upward trend. Bluntz's analysis suggests that Sei could potentially rally to around $0.40, based on the trader's chart. At the time of writing, Sei is currently trading at $0.338, witnessing a remarkable 18% surge in value over the course of the day.

As these predictions by Bluntz gain attention in the cryptocurrency market, investors and traders are closely monitoring Bitcoin's movements and the potential eruption of Sei against Bitcoin and the US dollar. The future of these digital assets remains uncertain, but the forecasted surges have certainly sparked a renewed sense of optimism among cryptocurrency enthusiasts.

Disclaimer: The above article is based on the analysis and forecasts provided by anonymous analyst Bluntz and should not be considered as financial advice. Investors and traders are advised to conduct their own research and exercise caution while making any investment decisions in the volatile cryptocurrency market.