Bitcoin
Trader Claims Bitcoin (BTC), Chainlink (LINK), and One Ethereum Rival Are Preparing for Rallies
A closely followed crypto trader believes that Bitcoin (Bitcoin) and two altcoin projects are gearing up for big rallies.
Inmortal pseudonymous analyst it says its 213,200 followers on social media platform X that, based on the historical length of market cycles, Bitcoin still has much further to go.
“We still have room for another 500 green days.”
Source: Immortal/X
Bitcoin is trading for $61,486 at the time of writing, down 2.4% in the last 24 hours.
Next, the merchant it says that Chainlink blockchain oracle (LINK) appears to be in a consolidation phase that could lead to a massive breakout, based on historical price patterns.
“The most curious thing about LINK is how it works.
- Long consolidations.
- Fast bombs.
We are not in the second, so we must be in the first.”
Source: Immortal/X
LINK is trading for $13.83 at the time of writing, down almost 3% in the last 24 hours.
Lastly, the merchant predict that Ethereum (ETH) competitor Solana (SUN) will fall below the ascending trendline on the daily chart to the $120 range, forming a bearish trap, before entering a huge bull run beyond $230.
“The fastest horse in the cycle only needs one more trap.”
Source: Immortal/X
Solana is trading for $141.51 at the time of writing, down 6% in the last 24 hours.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment 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 purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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