Trader Predicts Bitcoin (BTC), Chainlink (LINK), and a Competitor of Ethereum Poised for Bullish Surges
An anonymous crypto trader known as Inmortal has made some bold predictions about the future of Bitcoin (BTC) and two altcoin projects. Inmortal, who has a large following on the social media platform X, believes that Bitcoin still has a long way to go based on historical market cycles. According to him, there is room for “500 more green days,” indicating that Bitcoin’s price could continue to rise.
As for Chainlink (LINK), Inmortal suggests that the altcoin is currently in a consolidation phase. However, based on past price patterns, he anticipates a massive breakout in the future. He notes the peculiar nature of LINK’s price movements, with long consolidations followed by fast pumps. Since the altcoin is not currently experiencing the latter, he believes it is in the first phase and expects a significant price increase.
Inmortal also predicts a dip in Solana (SOL), a competitor to Ethereum (ETH). He believes that SOL will fall below the ascending trendline on the daily chart and reach the $120 range, forming a bearish trap. However, he expects this to be a temporary setback, as he anticipates a massive bull run that could push the price beyond $230. According to Inmortal, SOL is the “fastest horse of the cycle” and only needs one more trap before taking off.
At the time of writing, Bitcoin is trading at $61,486, down 2.4% in the last 24 hours. Chainlink is trading at $13.83, down nearly 3% in the last 24 hours, and Solana is trading at $141.51, down 6% in the last 24 hours.
It is important to note that the opinions expressed by Inmortal are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this information was sourced, also emphasizes the need for due diligence and acknowledges that all transfers and trades are at the individual’s own risk. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor.