A well-known crypto analyst is foreseeing a new surge in Bitcoin’s price after a period of consolidation. Inmortal, a pseudonymous trader, has shared on the social media platform X that Bitcoin seems to be following a similar pattern to 2020, where it traded around the previous cycle’s all-time high before experiencing a significant bull run. Inmortal has a following of 213,800 users and urges them to prepare for the upcoming bullish trend.

Although the current market structure may appear bearish, Inmortal believes that Bitcoin is still within a trading range and expects a breakout in the near future. He advises his followers to remain patient and not take any action at the moment.

As of now, Bitcoin is trading at $61,765, experiencing a 1.5% decline in the past 24 hours. In addition to his Bitcoin prediction, Inmortal reiterates his belief that the memecoin Floki will outperform the broader crypto market. This belief is strengthened by the inclusion of Floki in VanEck’s MarketVector’s Meme Coin Index. Inmortal suggests that this move by the financial giant signifies the preparation for the next phase of the bull market, and he expects Floki to lead the way.

At the time of writing, Floki is trading at $0.0001965, with a 6% increase in the last 24 hours.

To stay up to date with the latest news, readers can subscribe to receive email alerts directly to their inbox. The Daily Hodl also encourages readers to monitor price action and follow them on various social media platforms.

Disclaimer: The opinions expressed in The Daily Hodl are not to be taken as investment advice. It is essential for investors to conduct their own thorough research before engaging in any high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Transfers and trades are conducted at the individual’s own risk, and any potential losses are the individual’s responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor do they act as investment advisors. It should be noted that The Daily Hodl participates in affiliate marketing.

Image: [Insert generated image here]