Bitcoin

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 A closely followed crypto strategist thinks that Bitcoin (BTC) is presenting a golden opportunity to long-term holders.
 Pseudonymous analyst Inmortal tells his 212,900 followers on the social media platform X that he sees Bitcoin rallying to a fresh all-time high in the coming weeks.
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 According to the trader, the current Bitcoin consolidation is giving long-term BTC bulls a chance to accumulate at a level that offers a very favorable risk-to-reward <a rel="noopener noreferrer nofollow" title="ratio" href="https://thebittimes.com/tag/ratio.html">ratio</a>.
 “Gene<a rel="noopener noreferrer nofollow" title="ratio" href="https://thebittimes.com/tag/ratio.html">ratio</a>nal long entry
 BTC.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GL7bz6RWkAE0YqH?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 Based on the trader’s chart, he appears to predict that Bitcoin will rally to as high as $76,000 in the near term as long as support at $60,000 holds.
 The analyst also thinks that Bitcoin will not end its rally below $80,000, and believes BTC can print gains of as much as 119% from current levels before the bull market hits its highest note.
 “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.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMGAop0WEAEOiI-?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 At time of writing, Bitcoin is trading at $63,650.
 Aside from Bitcoin, Inmortal is also bullish on one crypto subsector. The analyst says that crypto projects focused on tokenizing real-world assets (RWA) will likely witness huge bursts to the upside in the coming months.
 “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.”&nbsp;
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-bitcoin-presenting-generational-opportunity-unveils-bull-market-price-target-for-btc-tbt86851.html">https://thebittimes.com/crypto-trader-says-bitcoin-presenting-generational-opportunity-unveils-bull-market-price-target-for-btc-tbt86851.html</a>

Crypto Trader Says Bitcoin Presenting ‘Generational’ Opportunity, Unveils Bull Market Price Target for BTC

TheBitTimes

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