Crypto Analyst Predicts Steep Rallies Ahead for Bitcoin (BTC) and Ethereum (ETH)

The crypto world is buzzing with excitement as a well-known strategist and trader predicts steep rallies for Bitcoin (BTC) in the near future. Inmortal, a pseudonymous analyst with a large following on social media, has drawn parallels between Bitcoin’s current price action and its movements back in 2023.

According to Inmortal, Bitcoin is currently in the final stages of consolidation following this year’s halving event, where miner rewards were halved. The analyst believes that this consolidation phase is setting up Bitcoin for a massive surge to the upside, similar to the parabolic rally that took place in 2023.

Inmortal’s bullish outlook extends to Ethereum (ETH) as well. The trader suggests that a potential dip below $2,000 for Ethereum could present a golden opportunity for long-term investors. Inmortal’s chart indicates that Ethereum could rally to a new all-time high above $5,000 after a correction.

At the time of writing, Bitcoin is trading at $62,824, while Ethereum is trading at $2,480. Investors and traders are eagerly watching these developments, as they anticipate potential price movements in the coming days.

As always, it’s important for investors to conduct their own research and due diligence before making any investment decisions in the volatile world of cryptocurrencies. The Daily Hodl reminds readers that all investments come with risks, and any losses incurred are the responsibility of the individual. Stay tuned for more updates on the exciting world of crypto trading.