Crypto analyst who is widely respected believes Bitcoin (BTC), could be primed for a breakout which would take it to new highs.
Inmortal, a pseudonymous cryptocurrency trader on social media platform X tells 215,300 of his followers that Bitcoin’s ATH (about $74,000) could be converted into support in four months.
Analysts suggest that Bitcoin might not reach the previous $49,000 high before rising to a higher level.
He says Bitcoin may trade in the range of $58,000 heading into September, and that it will then return to the $62,000 support level during the first month.
“1. Wait. 2. Set the prices for the September opening. 3. Long The Reclaim .”
The analyst believes that Bitcoin will enter its most explosive market phase with a break through the all-time highest.
Bitcoin was trading at $59,219 as of the time this article is written, a slight increase in price over the past 24 hours.
The analyst believes that Ethereum’s (ETH) value will then increase to over $26% of its current price.
Ethereum trades at $2,520 as of this writing. This is a slight decrease from the previous 24 hours.
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The ICD published the first version of this post, Bitcoin Ready to Hit New All-Time Highs, Crypto Analyst Says – This is His Timeline.
