Crypto Analyst Predicts Bullish Growth for Solana (SOL) and Chainlink (LINK) in 2025, Expects Bitcoin (BTC) ATH in 2024
A highly regarded crypto analyst, known as Inmortal, has recently shared some intriguing predictions with his substantial following on Twitter. His insights suggest significant growth potential for both Solana (SOL) and Chainlink (LINK) in 2025, while also expecting a potential revisit of Bitcoin’s all-time high (ATH) in 2024.
Solana (SOL) Target Price of $250 in 2025:
Inmortal confidently anticipates a remarkable upswing for Solana, the Ethereum (ETH) competitor, during the year 2025. According to his analysis, SOL is poised to surge more than 10 times its current value. With the cryptocurrency currently trading at $23.34, reaching the predicted target of $250 would entail an impressive 971% increase. While acknowledging the possibility of short-term price fluctuations, Inmortal remains bullish on SOL, expecting it to bounce back from any potential dips.
Chainlink (LINK) Outlook and Upcoming Rally:
In addition to Solana, Inmortal is closely monitoring Chainlink’s market dynamics. The decentralized oracle network has undergone a prolonged accumulation period spanning over 400 days, leading Inmortal to consider it significantly undervalued. Anticipating a substantial move to the upside, the analyst predicts a rally for Chainlink, potentially pushing its current price of $7.59 closer to the $20 mark. His technical analysis indicates favorable conditions for an impending surge.
Bitcoin (BTC) ATH Revisit Expected in 2024:
Drawing from Bitcoin’s historical market cycles, Inmortal speculates on the cryptocurrency’s future trajectory. He postulates that Bitcoin could revisit its all-time high of approximately $69,000 during the second half of 2024 if it follows patterns similar to previous cycles. According to his assessment, the mid-cycle rally is already completed, leaving around 467 days for BTC to regain its previous ATH levels. This prediction has garnered attention, considering the significance of Bitcoin’s ATH as a crucial milestone for the crypto market.
Bitcoin’s Short Squeeze Potential:
In the short term, Inmortal foresees a possible short squeeze scenario for Bitcoin. This phenomenon occurs when traders, who have borrowed assets with the intention of selling them at lower prices, are forced to repurchase those assets as prices unexpectedly rise. The resulting surge in buying pressure triggers further price rallies. Inmortal identifies a target level of $30,400 for Bitcoin and expresses the desire to “squeeze” short positions for amusement.
As the crypto market continues to evolve, Inmortal’s insights offer valuable perspectives for investors and enthusiasts alike. His optimistic projections for Solana (SOL) and Chainlink (LINK) signal potential opportunities for growth in 2025, while his analysis of Bitcoin’s price action adds to the anticipation surrounding its potential return to all-time highs in 2024. Nevertheless, readers are reminded that cryptocurrency markets are highly volatile, and conducting individual research and due diligence is essential before making any investment decisions.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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