title: Bitcoin (BTC) Remains in Bull Market Despite Calls for a Market Downtrend

A closely followed analyst believes that Bitcoin (BTC) remains in bull territory despite widespread calls for a market downtrend.

A closely followed analyst is keeping the faith in Bitcoin (BTC), even as another pseudonymous trader says that a "massive drop" is coming for the flagship cryptocurrency.

Popular analyst Inmortal says that Bitcoin is still in bull territory despite widespread calls for a market downturn.

The analyst, who boasts 231,200 followers on X, says that Bitcoin tends to witness a two-stage bull market, according to historical precedence.

The trader shares a chart suggesting that the second stage of the Bitcoin bull market will last until the end of the year.

“Bull market – Stage two

BTC.”

Zooming in, the crypto strategist predicts that BTC will be stuck in a wide trading range for months before igniting a huge upside burst en route to new all-time highs.

“Something like this.

BTC.”

According to the trader, BTC will trade between $90,000 and $76,000 until June before ascending to a new record high at around $140,000.

At time of writing, Bitcoin is trading for $83,994.

Turning to Ethereum, Inmortal says that the native asset of the top smart contract platform could spark surges after ETH’s relative strength index (RSI) dropped to oversold territory on the three-day chart.

The RSI is a momentum indicator with values above 70 suggesting overbought conditions while a reading below 30 indicates oversold levels.

“Probably nothing

ETH.”

Looking at the trader’s chart, he seems to suggest that ETH tends to carve a major bottom after its RSI nears 20 on the three-day timeframe. Earlier this month, ETH’s three-day RSI plunged to 25 as Ethereum’s price collapsed to a 2025 low of $1,754.

At time of writing, ETH is trading for $1,987.