- The cryptocurrency market continues to show resilience as it heads into the weekend, with leading crypto Bitcoin fluctuating above and below the $63,000 mark. Significant increases are being observed in leading altcoins such as Solana and Toncoin. Amid mixed news, the market is yet to find its direction. However, analysts are quite hopeful about certain tokens. According to an analyst with a large following, Bitcoin and two altcoins are gearing up for big runs.
- As you follow on CoinOtag, the market continues to oscillate back and forth. There is currently no rally atmosphere in the market as traders are selling their rally attempts. However, smart investors and traders are preparing for the future. Therefore, they are lending an ear to the statements of leading analysts and traders to get an idea. Analyst Inmortal also shared his latest market predictions with his followers. Based on the historical duration of market cycles, the analyst says Bitcoin still has a long way to go. In this regard, the analyst says, “We still have room for 500 more green days.”
- Bitcoin was trading at $62,935 at the time of writing, up 2.9% in the last 24 hours. The leading cryptocurrency is in the green zone by 6% on the weekly chart.
An in-depth look at the cryptocurrency market as Bitcoin and two altcoins gear up for big runs, according to a leading analyst. Find out which tokens are set to make significant strides in the near future.
Analyst: Bitcoin still has a long way to go!
As the market continues to oscillate, there is currently no rally atmosphere as traders are selling their rally attempts. However, smart investors and traders are preparing for the future. Analyst Inmortal, based on the historical duration of market cycles, says Bitcoin still has a long way to go. “We still have room for 500 more green days,” he adds.
Inmortal expects a quick pump from LINK!
The analyst then looks at Blockchain oracle Chainlink (LINK). Inmortal says that based on LINK’s historical price patterns, it appears to be in a consolidation phase that could lead to a major breakout. In this context, the analyst shares his assessment for the altcoin: “The most intriguing thing about LINK is how it works. Long consolidations. Quick pumps. We’re not in the latter, so we must be in the former.”
What’s in store for leading altcoin rival Solana?
Finally, the analyst examines Solana (SOL), a leading altcoin rival to Ethereum. The analyst predicts that SOL will drop to the $120 range by breaking below the rising trend line on the daily chart. Thus, the analyst predicts that Solana will set a bear trap before the run. However, he then says it will embark on a major run extending above $230. In this context, the analyst says, “The fastest horse of the cycle just needs one more trap.”
Conclusion
As the cryptocurrency market continues to oscillate, leading analyst Inmortal predicts big runs for Bitcoin, Chainlink, and Solana. While the market is yet to find its direction, these predictions provide some insight into potential future movements. As always, investors are advised to do their own research and consider multiple perspectives when making investment decisions.
