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Crypto Analyst Predicts Final Dip for Bitcoin Before Full-Blown BTC Bull Market – Here Are His Targets

According to a popular crypto analyst on social media platform X, Bitcoin is likely to experience a significant drop close to the $20,000 level before a surge above $50,000, marking the end of its downward trend. The analyst, Inmortal, believes that Bitcoin's current price action is similar to that of late 2019, when it fell from $10,000 to $6,000.

Inmortal's chart suggests that BTC will initially drop below $24,000 before rallying to around $30,000, followed by a steep pullback to $21,000. The analyst also predicts that Ethereum will trade within an ascending triangle pattern before breaking out in the first quarter of 2024, with a potential surge above $3,000.

Bitcoin Bitcoin $98,623.69
+4.82%
Bitcoin Ethereum
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