Crypto Trader Predicts Bitcoin Offers ‘Generational’ Opportunity, Reveals Bull Market Price Target for BTC
Bitcoin (BTC) is offering a valuable opportunity for long-term investors, according to a well-known crypto strategist. Inmortal, an analyst with a large following on the social media platform X, predicts that Bitcoin will reach a new all-time high in the coming weeks. He believes that the current consolidation phase presents a favorable risk-to-reward ratio for long-term BTC bulls to accumulate. Inmortal’s chart indicates that Bitcoin could potentially rally to $76,000 as long as it maintains support at $60,000. Furthermore, the analyst expects Bitcoin to surpass $80,000 and potentially reach gains of up to 119% before the bull market reaches its peak. Inmortal also expresses optimism for crypto projects focused on tokenizing real-world assets (RWA), suggesting that they will experience significant growth in the second half of 2024. However, it is important for investors to conduct their own research before making any high-risk investments in Bitcoin or other digital assets.