Popular crypto expert Inmortal has suggested that Bitcoin
$87,054 could return to six-figure price levels shortly. However, he anticipates a correction near the $85,000 mark before any significant upward movement.
Bitcoin Price Target
Inmortal noted that Bitcoin’s monthly opening price would also be retested. The analyst outlined a trajectory for the crypto asset to fluctuate between the current level and $90,000, eventually reaching $100,000. According to his chart analysis, this movement is expected to occur in May.
Inmortal: “$90,000 > $85,000 > $100,000.”
Solana Predictions
Furthermore, the analyst reminded that the smart contract platform Solana
$138 experienced a recent drop of 61%. Inmortal pointed out that Solana rebounded by 1200% after a previous loss of 67%, suggesting that the current decline may not have reached its conclusion.
Inmortal: “In 2021, SOL increased by 1200% after a 67% drop. The current 61% decline may signal a rebound.”
As this article was being prepared, Bitcoin was trading around $87,015, while Solana was priced at approximately $134.60. Minor fluctuations were observed in both cryptocurrencies over the last 24 hours.
These insights shared on social media have heightened hopes regarding price movements among market observers, yet it is essential for traders to recognize that no analyst can predict the future with certainty.
This article provides forecasts based on careful analysis and chart studies. Investors are advised to remain cautious amid market fluctuations, as these analyses are only hypothetical in nature.