Crypto Analyst Predicts Bitcoin Surge

A widely followed crypto analyst states that Bitcoin (BTC) is poised to soar to a six-figure price but cautions investors about a potential correction first.

In a new post, pseudonymous trader Inmortal, with 230,800 followers on platform X, asserts that Bitcoin will temporarily settle around the $85,000 mark before climbing to $100,000.

> “$90,000 > $85,000 > $100,000.”
> Source: Inmortal/X

The trader’s analysis implies that the leading cryptocurrency by market cap will re-enter six-figure territory around May.

Inmortal emphasizes that the $90,000 mark will be crucial, suggesting that Bitcoin must retest its monthly open – the price at which it began the month – before breaching that level.

As of now, BTC is trading at $87,015, showing a slight increase over the past 24 hours. It opened March 1st at $84,373.

Solana’s Resilience

Shifting focus to the smart contract platform Solana (SOL), Inmortal believes it is ready to rebound from a recent over 60% dip, reminiscent of its performance in 2021.

> “In 2021, SOL did a -67% right before a +1200%. Just a reminder, the current -61% dip is not a game over.”
> Source: Inmortal/X

Currently, Solana trades at $134.60, reflecting a decrease of 1.2% over the last day.

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