A widely followed crypto analyst says one Bitcoin (BTC<\/a>) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential.<\/p>\n Pseudonymous crypto strategist Bluntz tells<\/a> his 254,300 followers on the social media platform X that he has entered a long position on PUPS<\/a> (Ordinals) amid an ascending channel breakout on the token\u2019s four-hour chart.<\/p>\n In technical analysis, a breakout occurring on the upper border of an ascending channel is considered a bullish move.<\/p>\n PUPS is trading at $78 at time of writing, up a staggering 4,656% from its March 17th low of $1.64.<\/p>\n Bluntz chart below indicates that PUPS is exhibiting a similar pattern to that formed by Nosana (NOS<\/a>), a decentralized crowd-computing protocol, before it broke out earlier in the year.<\/p>\n The analyst also offers his prediction<\/a> on Bitcoin. According to Bluntz, Bitcoin appears to be mirroring gold\u2019s consolidation around the precious metal\u2019s all-time highs. He shares gold\u2019s two-week chart showing that the precious metal traded within a range for four years before breaking out and printing record highs.<\/p>\n He notes that BTC may follow a similar pattern but on an accelerated timeline.<\/p>\n He also predicts that gold will likely climb<\/a> to as high as $4,000 on the back of inflation concerns.<\/span><\/p>\n At time of writing, gold is trading at $2,343 while Bitcoin is worth $66,722.<\/span><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed crypto analyst says one Bitcoin (BTC) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential. Pseudonymous crypto strategist Bluntz tells his 254,300 followers on the social media platform X that he has entered a long position on PUPS (Ordinals) amid an ascending channel breakout on the […]<\/p>\n","protected":false},"author":2,"featured_media":282612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-282611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=282611"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282611\/revisions"}],"predecessor-version":[{"id":282618,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282611\/revisions\/282618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/282612"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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