A popular crypto analyst and trader says that Bitcoin may consolidate for a while as Ethereum leads an altcoin rally. The analyst known as Inmortal tells his followers that despite Bitcoin (BTC)’s recent correction from its all-time high of $67,276.79, he is still not willing to buy from the bottom.
Analyst drew attention to LINK, ATOM and leading altcoin ETH
cryptocoin.com As we reported, Bitcoin broke a record and then retreated. According to the analyst, it may take several weeks for Bitcoin to correct as other cryptocurrencies make new price gains. On the other hand, Inmortal had previously predicted that Ethereum would break out of an ascending channel to $6,300 by mid-November. According to Inmortal, the Ethereum rally will encourage other altcoins to do the same. “BTC consolidates around $60,000 for a few weeks, then ETH takes altcoins to heaven,” the analyst says.
Another altcoin that will be on Inmortal’s radar when the markets rise is the decentralized oracle network Chainlink (LINK). According to the crypto strategist, a 66 percent rally for LINK is on the horizon and it’s only a matter of time before $50 is reached.
Inmortal is also on the rise for Cosmos (ATOM), which aims to be an “internet of blockchains”. According to the crypto strategist, ATOM may take one more step before breaking above $40 next month.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.