A well-known crypto analyst and trader believes that Bitcoin (BTC) and one Ethereum (ETH) competitor are on the verge of massive rallies. Pseudonymous analyst Inmortal tells his 190,400 Twitter followers that he expects Bitcoin to climb close to $30,000 in the next few months before crashing to $12,500 later this year.
Bitcoin is now trading at $16,938 at the time of writing. A move approaching Inmortal’s objective implies that BTC has a 77% upside potential. Inmortal anticipates the smart contract system Solana (SOL), a competitor to Ethereum, will climb up to 50% in the coming months. Traders who continue to short Solana, according to the crypto analyst, will provide the gasoline for SOL’s surge toward his price objective, according to The Daily Hodl.
He stated, “Generational bottom or not, sub $10 buyers are doing pretty well. +60% from the lows. I think we’ll see $20 SOL this Q1.” At the time of writing, SOL is trading at $13.35, a fractional rise on the day.
In terms of Ethereum, the crypto expert anticipates a brief gain before the top smart contract protocol pulls back near its diagonal support. He said, “Hmm so, long now then short $1,400? I’ll take it. ETH.” At the time of writing, Ethereum is trading at $1,263.
