Analyst Inmortal says Bitcoin could consolidate for some time while ETH leads the old season.

The trader said that despite Bitcoin’s recent correction from a new all-time high of around $ 67,000, he is still not eager to buy it. Bitcoin corrections can take weeks while other coins trigger new rallies.

“The BTC price is below the old demand zone and is currently testing the weekly opening as a resistance.

If it refuses, the next area of ​​interest is at $ 58,000 (uncreated low and also an important price level) which could be a good place to buy depending on your reaction.

Why didn’t I buy this dip? Because I think BTC could consolidate a little below its all-time high, then altcoins will run and a few weeks later BTC will continue to recover. These are just my personal thoughts.

In any case, if BTC sees over $ 62,000 in acceptance (weekly open and old demand zones) I think the price could go up to $ 67,000. “

The source: Immortal / Telegram

Inmortal had previously predicted that Ethereum would break out of the ascending channel on its way to $ 6,300 in mid-November.

According to him, the Ethereum rally will cause other altcoins to follow suit.

“BTC consolidated at around $ 60,000 for a few weeks, while ETH carried Altcoins to heaven.”

One altcoin on Inmortal’s radar when the market rises is the decentralized oracle network Chainlink (LINK). According to the strategist, an increase of 66% is imminent for LINK.

“$ 50 is just a matter of when.”

The source: Immortal / Twitter

Inmortal is also optimistic about Cosmos (ATOM), which is to become the “Internet of the Blockchain”. According to him, ATOM is likely to fall before surpassing $ 40 next month.

The source: Immortal / Telegram

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