Crypto markets exhibit significant volatility, stressing caution in investment decisions.
The analyst known as Inmortal, renowned for his analyses on the cryptocurrency markets, has made a new assessment of Bitcoin $103,604. According to the analyst, Bitcoin is preparing for a significant rise; however, a short-term decline may occur before this move. Market actors and participants remain attentive, closely monitoring both current price movements and potential scenarios.
ContentsBitcoin Forecast by the AnalystExpected Movement in EthereumCurrent Prices and Market Status Bitcoin Forecast by the Analyst
Based on the charts shared by Inmortal, Bitcoin could reach the $120,000 level by the last week of May. However, the analyst indicates that the price may fall below $100,000 before this rise. During this period, investors are advised to be prepared for potential volatility.
According to the findings of the analyst, Bitcoin might experience a brief pause before its rise. Therefore, investors should act cautiously against sudden price movements.
“Bitcoin is at historic highs and the Ethereum $2,551 era is about to begin. Those making Solana $169-focused purchases have not yet noticed this change. Plan your strategy accordingly.”
Expected Movement in Ethereum
Remarkable predictions are also present for Ethereum, the second-largest crypto asset. The analyst believes that Ethereum might experience a significant value increase against Bitcoin in the second half of the year, although a local peak might form following this rise.
The rise in Ethereum’s price during this process could be seen as an unexpected movement, with many in the market unlikely to foresee it. While the sustainability of price increases isn’t definitively discussed, the possibility of another pullback is emphasized.
“If Ethereum makes such a move, no one would expect it, and most investors will try to catch up later.”
Current Prices and Market Status
As of the writing of this article, Bitcoin is priced at $103,319, having experienced a slight decrease in the last 24 hours. Ethereum, on the other hand, stands at $2,513 with a 2.2% daily decline. Despite short-term market fluctuations, the analyst maintains positive medium-term expectations.
All these assessments highlight the volatile nature of the crypto asset markets. Experts recommend conducting thorough research and acting cautiously before making investment decisions, advising against relying solely on past price performances for investments.
It is suggested that sudden ups and downs in cryptocurrencies harbor both opportunities and risks for investors. Analysts’ views should not be considered as definitive guidance, and gathering information from various sources for individual investment decisions is advised. While considering expert advice in market conditions, the unpredictable nature of the digital asset market should not be forgotten.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
