A popular crypto analyst, known only as Inmortal, is predicting a massive Bitcoin (BTC) price surge. Despite many believing a market downturn is coming, Inmortal sees things differently.
Bitcoin’s Two-Stage Bull Run
Inmortal, who boasts a large following on X (formerly Twitter), claims Bitcoin bull markets typically unfold in two stages. Based on historical data, he believes we’re currently in stage two. His chart suggests this stage will last until the end of the year.
The Price Prediction
According to Inmortal’s chart, Bitcoin will trade sideways between roughly $76,000 and $90,000 until June. After that, he predicts a dramatic price increase, pushing BTC to a new all-time high of around $140,000. At the time of writing, Bitcoin is trading at approximately $83,994.
Ethereum’s Potential
Inmortal also shared his thoughts on Ethereum (ETH). He suggests that ETH could see significant gains soon. He points to the relative strength index (RSI) on the three-day chart, which has recently dipped into oversold territory. This, he argues, often precedes a major price bounce. His chart suggests ETH tends to bottom out when its three-day RSI nears 20. ETH’s recent low was around $1,754; it’s currently trading at approximately $1,987.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always do your own research before investing in cryptocurrencies.
