An anonymous crypto strategist believes that Bitcoin (BTC) is currently providing a lucrative opportunity for long-term holders. In a post on the social media platform X, the trader, known as Inmortal, predicts that Bitcoin will surge to a new all-time high in the coming weeks. According to Inmortal, the current consolidation phase of Bitcoin allows long-term bulls to accumulate at a level that offers a highly favorable risk-to-reward ratio. He even shares a chart suggesting that Bitcoin could reach $76,000 as long as it maintains support at $60,000. In addition, Inmortal anticipates that Bitcoin will not stop rallying until it surpasses $80,000, with potential gains of up to 119% before the bull market reaches its peak.
Apart from Bitcoin, Inmortal expresses optimism about the future of crypto projects that focus on tokenizing real-world assets (RWA). He believes that this sector will experience significant growth in the second half of 2024, as the hype surrounding game-fi and AI narratives shifts towards RWA.
As of now, Bitcoin is trading at $63,650.
Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and readers should be aware of the risks involved in transfers and trades.