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.
[adinserter block="1"]“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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