Bitcoin's 'God Candle' Incoming, Says Top Trader Predicting Major Rally

Bitcoin (BTC) is set to catch up with the surging stock market, according to a prominent crypto analyst. Leading digital currency has lagged behind equities but may soon close the gap. That might also mean we get to see a so called 'God Candle' phenomenon.

Pseudonymous trader Bluntz, known for rather accurate crypto predictions, shared his outlook with 265,000 followers on X. He believes Bitcoin is ready for a significant upward move, maybe, even for a one of those unbelievable surges, that each time make some people become obsessed with Bitcoin, while other go broke, of course.

"Crypto wasn't leading, it was lagging. The great catch-up begins," Bluntz stated.

Bitcoin traded at $64,774 at press time, having broken above the $60,000 mark. Bluntz sees this as a bullish signal.

The analyst expects a "god candle" – crypto slang for a massive price spike. This would result in a large green candlestick on price charts.

Bluntz suggests Bitcoin may have bottomed out earlier this month. The price dipped below $55,000, but buyers stepped in, and what analysts call a 'resistance' was as strong as any crypto bull would be dreaming about.

A hammer candlestick pattern on the monthly chart caught the analyst's eye. "I know there are still [15] days to go but damn that monthly BTC candle is straight fire," he commented.