According to a closely watched analyst, Bitcoin (BTC), despite the widespread call for a downtrend in the market, remains bullish.
According to historical precedent, Inmortal (a pseudonymous analyst) told his 231,200 Twitter followers that Bitcoin is likely to experience a bull market in two stages.
A trader shared a chart that suggested the bullish market for Bitcoin would continue until the end the year.
“Bull Market – Stage Two
BTC.”
The crypto-strategist outlines the potential path of Bitcoin’s price, saying that BTC is likely to be trapped in a large trading range for several months, before experiencing a massive upward surge on its way to reaching new highs.
BTC.”
According to the chart of the trader, BTC is expected to trade in a range between $76,000 and $90,000. Then, it will take off to reach a record high around $140,000.
Bitcoin currently trades for $83,994.
Inmortal, a financial services company specializing in cryptocurrency analysis and trading, says the relative strength indicator (RSI), which measures the asset’s value on a three-day basis has dropped into oversold territory.
The RSI (Relative Strength Index) is a measure of momentum. A reading above 70 indicates that conditions are overbought, while a value below 30 shows oversold.
“Probably Nothing
ETH.”
The trader seems to be suggesting that ETH will tend to make a significant bottom when its RSI reaches 20 in the 3-day timeframe. ETH’s 3-day RSI plummeted to 25 earlier this month as Ethereum’s value fell to a low of $1.754 in 2025.
ETH currently trades for $1,987.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post This Post Analyst Predicts Bitcoin’s All-Time Highs, Says BTC is Now in Stage 2 of Bull Market could be updated as new information becomes available.
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