Inmortal, one of the closely followed analysts of the cryptocurrency world, Bitcoin 
$62,792He believes that (BTC) will experience a strong rise soon. In his assessment to his 216,500 followers on the social media platform X, the anonymous analyst stated that Bitcoin’s price movements in 2023 repeat the past.
Bitcoin Is Inspired by the Past
According to Inmortal, Bitcoin remained horizontal for a long time below $ 30,000 last year, but then made a strong rally and reached all-time highs. The analyst stated that the current process points to a similar scenario and said, “We stepped into a parabolic rise exactly 365 days ago. “October 2023 and 2024 present the same scene,” he said.
The analyst thinks that Bitcoin is nearing the end of its consolidation process after this year’s halving event. The halving of miner rewards puts pressure on supply and paves the way for major movements in prices. Inmortal pointed out that this process will not last long and said, “The wait is almost over.”
Potential Buying Opportunities in Ethereum
Analyst says Ethereum (ETH) next to Bitcoin 
$2,465 He also made a remarkable evaluation. According to Inmortal, ETH falling below $2,000 could be an opportunity not to be missed for long-term investors. “I can’t say that this will happen for sure. “But if it happens, it would be an excellent opportunity for a long-term investment,” he said, emphasizing the need to be prepared for possible price movements.
Inmortal predicts that Ethereum will make a strong breakout after the correction period and make a new high above $5,000.
Latest Situation in Cryptocurrency Market
At the time of writing this article, Bitcoin is trading at $64,000 and Ethereum is trading at $2,500. Inmortal argues that Bitcoin’s current sideways movement could herald a major breakout. A similar strong rally is expected in Ethereum after a decline.
Since volatility in the cryptocurrency market is always at a high level, it is important for investors to act carefully. Besides the expected movements in major cryptocurrencies such as Bitcoin and Ethereum, similar trends can be observed in altcoins.
It is critical for investors to follow the market closely and shape their strategies according to current data. Although fluctuating price movements are predicted due to the nature of crypto assets, conscious decisions taken at the right time can create great opportunities for investors.
According to Inmortal’s analysis, Bitcoin is poised to make a big jump. Levels below $2,000 in Ethereum are among the points to be considered for long-term investors. However, it should not be forgotten that there are always risks in the markets. Acting consciously and preparedly can help investors develop successful strategies in the long term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
