Bitcoin (BTC) is poised for another bull run, according to a popular crypto analyst. Inmortal, a pseudonymous trader with a large following on X, believes that Bitcoin is following a similar pattern to 2020, where it traded around the previous cycle’s all-time high before experiencing a significant surge.
Inmortal urges his followers to be prepared for the upcoming bull market. He confidently states, “It is not hope. It is not a dream. Round two of the bull market is almost here. Grab your balls and ride the trend.” Despite the current market structure appearing bearish, he believes that Bitcoin is still within a trading range and that a breakout is imminent.
While Bitcoin is currently trading at $61,765 with a 1.5% decrease in the last 24 hours, Inmortal remains optimistic about its future. He advises his followers to stay patient and do nothing for now, as he believes it is the best course of action.
In addition to his Bitcoin predictions, Inmortal also reiterates his belief that Floki (FLOKI), a memecoin with a dog theme, will outperform the broader crypto market. This comes after financial giant VanEck’s MarketVector’s Meme Coin Index added Floki to its portfolio. Inmortal sees this as a sign that the “suits” are preparing for the next phase of the bull market and predicts that Floki will lead the way in this cycle.
At the time of writing, Floki is trading at $0.0001965, with a more than 6% increase in the last 24 hours.
Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that any transfers or trades you make are 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 any cryptocurrencies or digital assets, nor do they provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.
