One crypto analyst predicts a parabolic rise in bitcoin when conditions in 2024 begin to match previous market trends.
A well-known cryptocurrency strategist and trader believes that a significant rise in the price of #bitcoin (BTC) is imminent.
a pseudonymous analyst known by the nickname Inmortal told 216,500 followers on social media platform X that bitcoin appears to be following a pattern similar to its price movement in 2023.
Inmortal said, A year ago today, we were at the top of a parabolic move, and the October 2023-2024 time frame reflects that.
An analyst believes that bitcoin is now in the final stages of consolidation after the "halving" event, which this year halved the rewards for #BTC miners.
He emphasizes: "The wait is almost over, he says, indicating that this consolidation phase is probably preparing bitcoin for a big rise.
Because something's got to happen.
They call it "God's candle, son.
The bitcoin exchange rate currently stands at $BTC Moving on to #Ethereum (ETH), Inmortal envisions a scenario where a drop below $2,000 could be a great opportunity for long-term investors.
He adds: I can't predict the likelihood of that happening, but if it does, it would be a buying opportunity for the #ETH generation.
Based on chart analysis, he predicts that after such an adjustment, Ethereum could reach an all-time high above $BTC Can you help us grow?
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