A closely watched crypto strategist predicts that Bitcoin (BTC) will remain in an uptrend as it approaches $48,000.
Pseudonymous analyst Inmortal tells are 206,200 followers on social media platform
“No new participants in crypto and we are at $48,000, horrifying. Imagine the masses coming in like in 2021. We’ll be going much higher soon…’
Bitcoin is trading at $47,526 at the time of writing, up more than 5% in the past 24 hours.
The trader too believes that dog-themed crypto asset Floki (FLOKI) may be one of the best-performing memecoins this market cycle.
“+20% candle today. I’ve said it before and I’ll say it again: FLOKI is THE memecoin of this cycle.”
Looking at his chart, the trader suggests that FLOKI could rise to $0.0000480 this month.
FLOKI is trading at $0.0000313 at the time of writing, up over 10% in the last 24 hours.
The trader too say that both Bitcoin and Ethereum (ETH) are battling resistance levels, but if they convert to support, it could mean bullish momentum will follow.
“Both BTC and ETH are currently in resistance. Acceptance above $45,000 and $2,400 = expansion.”
Ethereum is trading at $2,486 at the time of writing, up almost 3% in the past 24 hours.
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Generated image: Midjourney