, ,

Analyst Expects Breakout for Bitcoin, Ethereum and Chainlink

Anonymous crypto analyst Inmortal told his more than 194K Twitter followers that he expects Bitcoin to retest support around $24,000 before igniting the next uptrend and then making a big breakout. “Please give me a chance to retest on the weekly chart to make a long short on BTC.” On the other hand, the bullish scenario put forward by the analyst will be invalid if the BTC price closes below $23,800.

Looking at Ethereum after Bitcoin, Inmortal shared an inverted chart of the leading smart contract network’s native asset, ETH, and said it expects the price of the largest altcoin to surge as high as $2,100.

The crypto analyst, who also looked at Solana (SOL), which is shown as the strongest Ethereum rival, shared the price chart, revealing that he expects the altcoin to rise if it rises above $ 25, which is an important resistance zone. Inmortal also noted that Solana was playing a game of faith in the middle of the bear market, adding:

“More people mocked me for continuing to accumulate SOL around $14 than when I bought around $100 ETH in 2019. I say it now, I said it when it was at $8, and I will say it when it hits an all-time high (ATH).”

Inmortal recently shared its views on the decentralized oracle network Chainlink (LINK). According to the analyst, if LINK goes above $9, it will likely explode strongly:

“LINK weekly view. Price at higher timeframe resistance. It will rise sharply if it breaks above $9.”

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.