A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies.
Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go.
“We still have room for 500 more green days.”
Bitcoin is trading for $61,486 at time of writing, down 2.4% in the last 24 hours.
Next up, the trader says that blockchain oracle Chainlink (LINK) appears to be in a consolidation phase that could lead to a massive breakout, based on historic price patterns.
“The most curious thing about LINK is how it works.
- Long consolidations.
- Fast pumps.
We are not in the second one so we must be in the first one.”
LINK is trading for $13.83 at time of writing, down nearly 3% in the last 24 hours.
Lastly, the trader predicts that Ethereum (ETH) competitor Solana (SOL) will dip below the ascending trendline on the daily chart to the $120 range, forming a bearish trap, before going on a massive bull run beyond $230.
“The fastest horse of the cycle just need one more trap.”
Solana is trading for $141.51 at time of writing, down 6% in the last 24 hours.
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Generated Image: Midjourney
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