Crypto Analyst Predicts Incoming Parabolic Rally for Bitcoin, Says Wait Almost Over for BTC
A closely followed crypto strategist and trader believes that steep rallies are now in sight for Bitcoin (BTC).
Pseudonymous analyst Inmortal tells his 216,500 followers on the social media platform X that Bitcoin appears to be mirroring its 2023 price action.
Back then, Bitcoin consolidated below $30,000 before igniting a parabolic surge to new all-time highs.
Says Inmortal,
“365 days ago today, we were about to go parabolic.
October 2023-2024 are a copy.
BTC.”
Zooming out, the analyst says Bitcoin appears to be in the final stages of consolidation following this year’s halving event when BTC miner rewards were cut in half.
“The wait is almost over.
BTC.”
Inmortal believes…
