Bitcoin (BTC) is Currently in the Midst of a Bullish Phase, Analyst Inmortal Claims

Despite widespread fears of a market downturn, Inmortal remains optimistic about Bitcoin's future, noting that the cryptocurrency appears to be in the second stage of a two-stage bull market.

Popular analyst Inmortal remains bullish on Bitcoin (BTC), despite widespread fears of a market downturn. The crypto appears to be in the second stage of a two-stage bull market, according to the pseudonymous analyst, who predicts that the bull market could last through the remainder of 2025.

Bitcoin’s Bull Market Stage Two

The analyst, who shares insights with 231,200 followers on the social media platform X, noted that Bitcoin’s historical patterns point to a two-stage bull market.

In his latest update, the analyst suggests that Bitcoin is poised to see significant price movements as it enters the second stage of its current bull market, which, according to his predictions, could extend through the remainder of 2025.

Sharing a chart of Bitcoin’s potential price trajectory, Inmortal illustrates a wide trading range between $90,000 and $76,000 over the next few months. Bitcoin is expected to trade sideways until mid-year, as it consolidates before surging toward a new all-time high. The analyst forecasts that BTC could eventually reach around $140,000 as the second stage of the bull market progresses.

At the time of writing, Bitcoin is trading at approximately $83,994, remaining well within the range Inmortal suggested for the short term.

Ethereum’s RSI Indicates Potential Surge

Inmortal also pointed to Ethereum (ETH) as a key asset to watch in the coming months. The analyst believes that Ethereum’s native token could experience significant rallies, particularly as its Relative Strength Index (RSI) indicator recently dropped to oversold territory on the three-day chart.

The RSI, a momentum indicator, measures the buying or selling pressure of an asset. Readings above 70 indicate overbought conditions, while values below 30 suggest that an asset is oversold. When Ethereum’s RSI plunged to around 25 earlier this month, Ethereum’s price dropped to a 2025 low of $1,754.

Currently trading at $1,987, ETH appears to be poised for a reversal, as the RSI indicator suggests that the cryptocurrency may be due for a surge. Historically, when the RSI for Ethereum reaches near 20 on the three-day chart, it has marked a major bottom before initiating a strong upward price movement.

Market Outlook

Bitcoin’s price action over the next few months is expected to remain volatile, as it tests lower and upper resistance levels within the $76,000-$90,000 range. However, the eventual breakout predicted by Inmortal points to a sharp upward surge, potentially pushing Bitcoin to new all-time highs around $140,000.

Similarly, Ethereum’s RSI suggests that the asset is currently undervalued, indicating a possible surge as it enters a new phase of upward momentum. Investors should monitor both Bitcoin and Ethereum for potential entry points, especially as the RSI indicators suggest that both assets are nearing critical reversal points.

Inmortal’s analysis highlights a bullish outlook for Bitcoin and Ethereum as they prepare for significant price movements in the second quarter of 2025. While Bitcoin is expected to consolidate before making a breakout to new highs, Ethereum’s oversold conditions on the RSI suggest that it could soon see a reversal and potentially lead the next wave of crypto market rallies.

As always, cryptocurrency markets are volatile, and investors should be cautious and conduct thorough research before making any investment decisions.