Bitcoin Primed To Hit a New All-Time High, Says Crypto Analyst – Here’s His Timeline
A widely followed crypto analyst believes that Bitcoin (BTC) is primed for an explosive breakout that could take it to new all-time highs (ATHs).
Pseudonymous crypto trader Inmortal tells his 215,300 followers on the social media platform X that Bitcoin could flip its ATH of about $74,000 into support within four months.
“New BTC all time high by EOY (end of the year).”
The analyst suggests that Bitcoin may not return to the $49,000 level before reaching a new ATH.
“Maybe the low of this consolidation is already in.”
Source: Inmortal/X
He also says that Bitcoin could trade around the $58,000 range heading into September and then reclaim the $62,000 level as support during the first week of the month.
“1. Wait.
2. Let the price set the September open.
3. Long the reclaim.”
Source: Inmortal/X
Lastly, the analyst suggests that Bitcoin is about to enter the most explosive phase of its market cycle with a clean break of the previous all-time high.
“Soon we go brrrr.”
Source: Inmortal/X
Bitcoin is trading for $59,219 at time of writing, up slightly in the last 24 hours.
Next up, the analyst says that Ethereum (ETH) may retest a lower level and then soar to $3,200, an increase of more than 26% the current value.
“Wait for $2,500, then long.”
Source: Inmortal/X
Ethereum is trading for $2,520 at time of writing, down slightly in the last 24 hours.
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