Crypto strategists and traders who are closely watched believe that Bitcoin (BTC) is now on the verge of a steep rally.
Inmortal, a pseudonymous analyst on social media platform X tells his 216.500 followers that Bitcoin’s price is mirroring the 2023 trend.
Bitcoin had consolidated at a price below $30,000, before it exploded to new highs.
Inmortal is a phrase that says it all
The October 2023-2024 copy is available.
BTC.”
The analyst, zooming out says Bitcoin is in its final stages of consolidating following the halving this year when BTC mining rewards were reduced by half.
“The waiting is nearly over.
BTC.”
Inmortal thinks that Bitcoin is poised for an explosive rise in price due to its current consolidation.
Why BTC does not dump?” The chart is horrible !’
Something is about to happen.
“They call it the God candle, son.”
Bitcoin currently trades for $62,824.
The trader, looking at Ethereum (ETH), shares a scenario that suggests a drop below $2,000 could be a great opportunity for investors.
I can’t say how likely it is that this will happen.
“But if that happens, then it will be a generational ETH long.”
The trader seems to be predicting that Ethereum would rally after correction to reach a new all-time record high of $5,000.
Ethereum currently trades for $2.480.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Crypto Analyst Predicts Coming Parabolic Rally For Bitcoin, Says That Wait Is Almost Over For BTC could be updated as new information becomes available.
