A closely followed crypto strategist is suggesting that Bitcoin may soar by triple digits this cycle while one altcoin may even outperform BTC.
Pseudonymous analyst Inmortal tells his 217,800 followers on the social media platform X that Bitcoin’s cycle top may end up being 164% more than its current value.
“This cycle top will be $127,000 – $180,000 if we are lucky. But you are not ready for this conversation.”
He also believes that if former president Donald Trump, who has spoken in support of crypto, wins the US presidential election in November, Bitcoin could surge even higher.
“If the president wins the election, we go higher, much higher.”
Next up, the analyst suggests that Solana (SOL) could outperform Bitcoin as well as Ethereum (ETH) this cycle.
“Sell pressure is easily absorbed. But what has captured my attention the most is the strength of SOL. It will most likely outperform both BTC and ETH, again…
2020-2021 was for ETH. 2024-2025 is for SOL. The out-performer, the fastest horse.”
Solana is trading for $177 at time of writing, up more than 2% in the last 24 hours.
Lastly, the analyst is identifying key levels he believes Bitcoin needs to hold in the near-term to remain in an uptrend.
“Eyes on two levels for swing pattern failures (SFPs) or deviations.
- $64,800, local lows.
- $63,300, monthly open.
Still in a good spot to build a higher low. Acceptance below monthly open = No bueno.”
Bitcoin is trading for $68,187 at time of writing, up 2.4% in the last 24 hours.
Generated Image: Midjourney