According to Analysts, This Meme Coin Will Lead the Second Round of the Bull Market!

Cryptocurrency markets have been volatile in recent weeks, although some market experts continue to paint an optimistic picture. One of these experts, Inmortal, suggests that the Bitcoin (BTC) price is on the verge of a long-awaited bull run.

According to Inmortal’s analysis, some fundamental and technical indicators in the market indicate that Bitcoin is ripe for a potential bull run. Notably, Bitcoin’s price chart has been going through a consolidation process recently, which has been observed to lead to large price increases in the past. This appears to mirror the trading pattern in 2020, when Bitcoin experienced a similar period of consolidation as it approached its previous ATH. This strengthens the expectation among some investors that Bitcoin may enter a new bull run in the near future.

“This is not a hope. This is not a dream. The second round of the bull market is almost upon us.”

With this analysis, Inmortal encourages investors to increase their confidence in Bitcoin and benefit from the possible beginning of the bull run.

Another factor to support Inmortal’s prediction is the bearish trend in the current market structure. The analyst believes that this downtrend suggests Bitcoin is still stuck in a trading range and a breakout is imminent. is evaluating. This may suggest to investors that it is time to make a decision about buying opportunities or protecting their positions.

“Bad news? There hasn’t been a single high since the all-time high. Good news? We are still in range and above market order. What should we do? “In my opinion, doing nothing is the best thing you can do right now.”

In summary, Inmortal encourages investors to remain calm and carefully follow the course of the market. In particular, he emphasizes that Bitcoin’s behavior in past cycles offers important clues about future price movements. Therefore, he states that investors should be patient and maintain their strategic positions without getting carried away by emotional reactions.

Additionally, the analyst reaffirmed his prediction that popular meme coin Floki (FLOKI) will outperform the broader crypto market after VanEck’s MarketVector’s Meme Coin Index added Floki to its portfolio.

“VanEck added FLOKI to the Memecoin Index. Teams are preparing for the second round of the bull market. “I’ve been saying this for a long time, but I think FLOKI will lead this cycle.”

The popular meme coin is trading at $0.0001965 at the time of writing, up more than 6% in the last 24 hours.

You can access current market movements here.

Writer Şerife Pek Doğru about :

I entered the crypto industry with the investment I made in 2019. In the same year, I started writing about blockchain technology and currently work as a writer at KoinFinans. Legal regulations regarding cryptocurrencies are one of the topics I follow.

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