Analyst Shares Optimistic Outlook for Bitcoin and Ethereum’s Future Performance
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A well-known crypto analyst is holding firm in the belief that Bitcoin (BTC) is still in bullish territory, despite widespread speculation that the market may experience a downturn.
Inmortal argues that Bitcoin’s price trajectory follows a pattern of two distinct stages during bull markets, referencing historical trends. According to his analysis, the second phase of the current bull run is expected to extend into the year’s end.
Inmortal shares a detailed chart that outlines his predictions, suggesting Bitcoin will trade within a broad range for the next few months before experiencing a significant price surge.
He predicts BTC could fluctuate between $76,000 and $90,000 until mid-2025 before breaking through to new all-time highs, potentially nearing $140,000.
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Switching focus to Ethereum (ETH), Inmortal points out that the cryptocurrency’s relative strength index (RSI) recently dropped into oversold conditions on the three-day chart, which could signal potential price rallies. The RSI, a momentum indicator, traditionally suggests that a reading below 30 indicates oversold conditions and could prompt a price rebound.
Inmortal highlights that whenever ETH’s RSI nears a value of 20, the cryptocurrency has historically reversed its downward trajectory. Earlier this month, Ethereum’s RSI fell to 25, coinciding with a price dip to a 2025 low of $1,754.
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