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- A prominent crypto trader predicts that Bitcoin (BTC) and two altcoin projects are poised for significant rallies.
- The analyst, known as Inmortal, shares his insights with his 213,200 followers on social media platform X, suggesting that Bitcoin has much higher to climb based on the historical duration of market cycles.
- Inmortal also predicts that blockchain oracle Chainlink (LINK) and Ethereum (ETH) competitor Solana (SOL) are set for major breakouts.
A renowned crypto trader, Inmortal, forecasts massive rallies for Bitcoin, Chainlink, and Solana, based on historical market cycles and price patterns.
Bitcoin’s Potential Rally
According to Inmortal, Bitcoin, currently trading at $61,486, has room for 500 more green days. Despite a 2.4% drop in the last 24 hours, the analyst believes that the historical duration of market cycles indicates a significant upward trajectory for the leading cryptocurrency.
Chainlink’s Consolidation Phase
Next, Inmortal highlights that Chainlink (LINK), currently trading at $13.83, appears to be in a consolidation phase. This phase, characterized by long consolidations and fast pumps, could lead to a massive breakout, based on historic price patterns. Despite a nearly 3% drop in the last 24 hours, LINK’s price pattern suggests a potential rally.
Solana’s Bull Run Prediction
Lastly, Inmortal predicts that Ethereum (ETH) competitor Solana (SOL), currently trading at $141.51, will dip below the ascending trendline on the daily chart to the $120 range. This move is expected to form a bearish trap before triggering a massive bull run beyond $230. Despite a 6% drop in the last 24 hours, SOL’s price pattern suggests a significant rally.
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Conclusion
Inmortal’s predictions for Bitcoin, Chainlink, and Solana suggest potential rallies based on historical market cycles and price patterns. While the crypto market remains volatile, these insights provide a perspective on the possible trajectories of these cryptocurrencies. As always, investors are advised to conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
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