A popular cryptocurrency strategist and trader believes Bitcoin (BTC) and Ethereum (ETH) rivals are gearing up for a huge rally.
Immortal, a pseudonymous analyst, has told his 190,400 Twitter followers that he sees Bitcoin rising close to $30,000 in the coming months, before a final capitulation event that sees BTC hit $12,500 later this year. says.
“Two relevant levels: 2018 and 2021 open for the year > Bear market rally in mid-2023 > Below 20,000 in late Q4”
Bitcoin is trading at $16,938 at the time of writing. Inmortal’s move towards its goal suggests that BTC could rise by around 77%.
Looking at Ethereum challenger Solana (SOL), Inmortal expects the smart contract protocol to climb nearly 50% in the coming months. According to crypto strategists, traders who continue to short Solana produce It is the driving force for SOL to rise towards its target price.
“The sub-$10 buyers are doing pretty well, bottom-of-the-generation or not.
+60% from low.
I think we’ll see $20 SOL in this first quarter. ”
As of this writing, SOL is trading at $13.35, a slight increase for the day.
As for Ethereum itself, crypto analysts are predicting a rapid rise for the top smart contract protocol before pulling back on diagonal support.
“Well, what if I run out of $1,400? I’ll buy it.
As of this writing, Ethereum has traded hands at $1,263.
Don’t miss a beat – subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitterfacebook, telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc/Nikelser Kate