Course forecast or illusory hope? Pseudonym analyst inmortal sees Bitcoin on the way to new heights - a look at the 'second phase of the bull market'
Course forecast or illusory hope? Pseudonym analyst inmortal sees Bitcoin on the way to new heights - a look at the 'second phase of the bull market'
Bitcoin: Is the digital currency in the bull market?
While numerous analysts predict the beginning of a long -lasting bear market for Bitcoin, the pseudonymous analyst inmortal contradicts this trend. In his opinion, Bitcoin is still in a bull market and he expects new all -time highs for the digital currency in the near future.
second phase of the bull market
In his analysis,Inmortal speaks of the "second phase of the bull market", which, according to the course history, should now be due. In a chart he shared, the analyst indicates that this phase could last until the end of the year.
In his chart, Inmortal sketches a possible course of the course for Bitcoin. He expects Bitcoin to continue to act within the current price range in the coming months before a breakout will lead to new records.
Bitcoin sideways to June
If you hope for new course records, you need some patience according to Inmortal. He designs a scenario in which Bitcoin remains between 90,000 and $ 76,000 in the price range. After that, the climbs should begin in the direction of $ 140,000. At the time of writing, the Bitcoin course is well over $ 86,000, which indicates that stabilization could be achieved. However, the course recently fell to $ 76,700.
However, it should be noted that this analysis is based exclusively on technical analysis, which is known to be not an exact science. In addition, Inmortal leaves many other influencing factors on the outside, such as the macroeconomic environment or the trade policy of Donald Trump, which could affect the rally at any time. Therefore, it is by no means certain that the downward trend at Bitcoin has already been finally broken. Nevertheless, Inmortal's assessment feeds the hope of positive course developments in the future.FAZIT
In view of the information available, it remains to be seen how the Bitcoin course will develop. Analysts should consider both technical and macroeconomic factors in order to be able to submit a well -founded assessment. The market remains volatile, and investors should be aware that changes can occur at any time.
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