A prominent crypto trader says that he’s identified the final level Bitcoin (BTC) needs to hurdle before sparking a massive rally.
Inmortal tells his Telegram subscribers that the $64,000 level is Bitcoin’s “final boss” before it expands and never looks back. However, he says the top crypto could dip before pushing past its final foe.
“64k is the final boss, find acceptance above it and we’ll see expansion.
But maybe, we could see a shakeout first.”
Bitcoin is trading at $61,114 at time of writing, according to CoinGecko.
Inmortal then predicts a huge price gain for Ethereum (ETH) based on similarities between the accumulation charts from late 2020 and now.
“Fractal / Accumulation below ATH in 2020 vs now.”
The second-largest crypto asset by market cap is trading at $4,469 at time of writing, per CoinGecko.
The popular strategist then looks towards Cosmos (ATOM), which he says is ready for another rally after it nearly matched its all-time high last week, going from $31.87 to $42.95 in eight days.
He tells his 107,000 Twitter followers that ATOM is “ready for another leg up.”
According to CoinGecko, Cosmos is trading at $37.03 at time of writing.
Finally, Inmortal looks at SRM, the utility token of the Solana-based (SOL) decentralized exchange (DEX) Serum. With Solana on the rise, Inmortal sees Serum following in the smart contract platform’s footsteps.
“SRM is showing a lot of strength, next interest areas are $11 and $14.”
Serum is trading at $7.94 at time of writing, according to CoinGecko.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
