Markets
Second Round of Crypto Bull Market Coming, With a Memecoin Ready to Lead the Pack: Analyst
A widely followed crypto analyst is predicting that Bitcoin (Bitcoin) is about to take off on another bull run after weeks of unrest.
Pseudonymous crypto trader Inmortal it says its 213,800 followers on the social media platform X that Bitcoin appears to be reflecting a 2020 trading pattern around the previous cycle’s all-time high (ATH) before a major bull run.
“It’s not hope. It’s not a dream. The second round of the bull market is almost here. Grab your balls and follow the trend.”
Source: Immortal/X
The merchant it says that the current market structure may appear bearish, but Bitcoin remains within a trading range and predicts that it is only a matter of time before a breakout.
“The bad news? Not a single higher high since the all-time high. The good news? We are still in range and above the market order. What to do? In my opinion, doing nothing is the best thing you can do now.”
Source: Immortal/X
Bitcoin is trading for $61,765 at the time of writing, down 1.5% in the last 24 hours.
It also reconfirms its prediction that the dog-themed memecoin crypto asset Floki (FLOKI) go overcome the broader crypto market after financial giant VanEck’s Meme Coin Index, MarketVector, which trades under the symbol MEMECOIN, just added Floki to its portfolio.
“VanEck has added FLOKI to its Memecoin index. The suits are preparing for the second round of the bull market and it shows. I’ve been saying this for a while now, but I think FLOKI will lead this cycle.”
FLOKI is trading for $0.0001965 at the time of writing, an increase of over 6% in the last 24 hours.
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