Bitcoin Bull Run Predicted: Strategist Sees 'Generational' Opportunity

A pseudonymous analyst, Inmortal, believes Bitcoin (BTC) is presenting a "generational" buying opportunity for long-term holders. He predicts a rally to a fresh all-time high in the coming weeks, targeting $76,000 if support at $60,000 holds. Inmortal also thinks that BTC can print gains of up to 119% from current levels, with an ultimate bull market target of $120,000-$140,000.

Crypto Strategist Extols Bitcoin's 'Generational' Opportunity, Predicts Bull Market Surge

Renowned crypto strategist Inmortal is sounding the alarm, declaring that Bitcoin (BTC) presents a golden opportunity for long-term investors. With his large following of 212,900 on the social media platform X, Inmortal's insights carry significant weight in the crypto community.

According to the analyst, the current lull in Bitcoin's ascent offers a strategic entry point for long-term holders. He believes that the favorable risk-to-reward ratio positions Bitcoin for a surge to unprecedented heights.

Inmortal's bullish outlook is reinforced by his technical analysis, which suggests that Bitcoin is poised to rally to approximately $76,000 in the short term. His chart indicates that as long as the support at $60,000 remains intact, BTC is set to ascend.

Moreover, Inmortal asserts that Bitcoin's bullish trajectory will not culminate below $80,000. He anticipates that BTC could experience gains of up to 119% from its current position before the market reaches its peak.

"Three KEY IDEAS ON BTC:

1. We are NOT early, but if you already have bags, I think we still have a trend to ride.
2. I don’t think we will go as high as people think.
3. The expansion above the previous all-time high is still to come…
   $120,000 -$140,000, in my opinion."

At the time of writing, Bitcoin is hovering around $63,650.

Beyond Bitcoin, Inmortal is also optimistic about a particular crypto subsector: projects focused on tokenizing real-world assets (RWA). He anticipates that these projects will experience significant growth in the months ahead.

"The hype around game-fi and AI (artificial intelligence) narratives is rotating to RWA.
I think RWA narrative will explode in the second half of this 2024."

Inmortal's bullish predictions are based on his meticulous analysis of market trends and his expertise in the crypto landscape. His insights serve as a valuable guide for investors seeking to capitalize on the opportunities presented by the evolving crypto market.