Cryptocurrency Expert Predicts Bitcoin to Soar to $120,000 - However, There's a Condition
Crypto analyst Inmortal lays out his predictions for Bitcoin and Ethereum in a recent post on social media platform X. Check out what he's saying:
Bitcoin: Inmortal believes Bitcoin is set to skyrocket, but not without a brief dip below $100,000 beforehand. According to his chart analysis, the crypto king is geared up to reach $120,000 by the end of May. Presently, Bitcoin is trading around $102,519.[1][2]
Ethereum: In the case of Ethereum, the analyst thinks we're on the brink of "ETH season." Investors are advised to get ready as Ethereum looks primed to make significant gains. It's worth noting that those who opted for meme coins over Solana could miss out on this development. Inmortal's chart hints at Ethereum surging against Bitcoin in the second half of the year, before crashing back down – still at a new local high. [1][2]
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Sources:[1] The Daily Hodl
[2] X (social media platform)
[3] Inmortal (pseudonymous crypto analyst)
[4] Editorial Policy, The Daily Hodl
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Based on considerations from the pseudonymous crypto analyst Inmortal, Bitcoin might dip below $100,000 before soaring up to $120,000 by May-end, as per his chart analysis. On the other hand, Ethereum is predicted to enter an "ETH season," potentially making significant gains, given that it could surge against Bitcoin in the second half of the year, according to Inmortal's charts. This news comes from The Daily Hodl, a platform that covers various categories in finance, including Bitcoin, Ethereum, trading, altcoins, blockchain, web 3, NFTs, regulators, scams, and more.
