Markets
Round Two of the Cryptocurrency Bull Market is Coming, with a Memecoin Poised to Lead the Pack – Analyst
A widely followed crypto analyst predicts that Bitcoin (Bitcoin) is about to go on another bull run after cruising for weeks.
Cryptocurrency trader pseudonym Inmortal tells from its 213,800 followers on social media platform X that Bitcoin appears to mirror a 2020 trading pattern around the previous cycle all-time high (ATH) before a massive bull run.
“It’s not hope. It’s not a dream. The second round of the bull market is almost here. Get your balls and ride the trend.
Source: Immortale/X
The dealer He 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 from the all-time high. The good news? We are still range-bound and above the market order. What to do? In my opinion, doing nothing is the best thing you can do right now.
Source: Immortale/X
At the time of writing, Bitcoin is trading for $61,765, down 1.5% over the past 24 hours.
He also reconfirms his prediction that dog-themed crypto asset memecoin Floki (FLOKI) Want far surpass the largest cryptocurrency market after financial giant VanEck MarketVector’s Meme Coin Index, which trades under the symbol MEMECOIN, has just added Floki to its portfolio.
“VanEck has added FLOKI to its Memecoin index. The seeds are preparing for the second round of the bull market and it shows. I’ve been saying this for a while, but I think FLOKI will lead this cycle.”
FLOKI trades for $0.0001965 at the time of writing, up more than 6% in the last 24 hours.
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