So, there’s this crypto analyst-Bluntz, who clearly believes “pseudonymous” sounds mysterious enough to make his warnings more terrifying-tweeting to his 337,700 followers that Bitcoin might be flirting with disaster. Specifically, a “bear flag pattern.” Sounds ominous, right? Almost as ominous as my email inbox on Monday morning.
Bear flags, for the uninitiated, are like a bad hangover: they appear after a strong downtrend and indicate you might be in for more pain. In other words, Bitcoin goes up just enough to make you think, “Hey, maybe I can relax,” before promptly reminding you that life is cruel and charts are crueler.
“Not exactly a fan on this channel on BTC, could easily turn into a bear flag if it falters here.” Translation: “I don’t like what I see, and neither should you.”
Looking at his chart (which, let’s be honest, looks like someone threw spaghetti at a graph), Bluntz insists Bitcoin needs to stay above $70,000. Otherwise, we’re all looking at a gentle slide into the $51,299 Fibonacci retracement level. Because nothing says “fun” like a number with six digits and a decimal point that might ruin your weekend.
“I think at this stage, I’m probably going to be leaning towards Bitcoin eventually breaking down here and pushing down into a fresh new low. I think that will most likely wick into this major 0.618 level, and then most likely also put in some high timeframe bull divs (divergences) as well.” Sure, but if I had a dollar for every time I nodded along pretending to understand, I’d probably be able to buy a small country-or at least a few more Satoshis.
As of now, Bitcoin is trading at $71,575. Up 4% today. Which, in crypto terms, means it’s still managing to be slightly less terrifying than yesterday.
Meanwhile, Bluntz hasn’t forgotten Ethereum’s spunky sibling, Solana (SOL). His advice? Brace yourselves. More dips are coming before it decides to act like a responsible adult.
“Expecting another low on SOL and then back to bull posting.” Translation: Solana is basically a teenager who just discovered energy drinks and thinks it can stay up all night.
SOL is sitting pretty at $85, up nearly 7% today. So, even as the charts whisper doom, at least our portfolios can still feel like they’re mildly interesting.
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2026-04-08 10:23