A closely followed analyst believes that Bitcoin (BTC<\/a>) remains in bull territory despite widespread calls for a market downtrend.<\/p>\n Pseudonymous analyst Inmortal tells<\/a> his 231,200 followers on the social media platform X that Bitcoin tends to witness a two-stage bull market based on historical precedence.<\/p>\n The trader shares a chart suggesting that the second stage of the Bitcoin bull market would last until the end of the year.<\/p>\n \u201cBull market \u2013 Stage two<\/em><\/p>\n BTC.\u201d\u00a0<\/em><\/p>\n Zooming in, the crypto strategist outlines<\/a> a potential price path for Bitcoin, predicting that BTC will be stuck in a wide trading range for months before igniting a huge upside burst en route to new all-time highs.<\/p>\n \u201cSomething like this.<\/em><\/p>\n BTC.\u201d\u00a0<\/em><\/p>\n Based on the trader\u2019s chart, he appears to suggest that BTC will trade between $90,000 and $76,000 until June before taking off and ascending to a new record high at around $140,000,<\/p>\n At time of writing, Bitcoin is trading for $83,994.<\/p>\n Turning to Ethereum, Inmortal says<\/a> that the native asset of the top smart contract platform could spark surges after ETH\u2019s<\/a> relative strength index (RSI) indicator dropped to oversold territory on the three-day chart.<\/p>\n The RSI is a momentum indicator with values above 70 suggesting overbought conditions while a reading below 30 indicates oversold levels.<\/p>\n \u201cProbably nothing<\/em><\/p>\n ETH.\u201d<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to suggest that ETH tends to carve a major bottom after its RSI nears 20 on the three-day timeframe. Earlier this month, ETH\u2019s three-day RSI plunged to 25 as Ethereum\u2019s price collapsed to a 2025 low of $1,754.<\/p>\n At time of writing, ETH is trading for $1,987.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed analyst believes that Bitcoin (BTC) remains in bull territory despite widespread calls for a market downtrend. Pseudonymous analyst Inmortal tells his 231,200 followers on the social media platform X that Bitcoin tends to witness a two-stage bull market based on historical precedence. The trader shares a chart suggesting that the second stage […]<\/p>\n","protected":false},"author":2,"featured_media":384336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-384334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=384334"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384334\/revisions"}],"predecessor-version":[{"id":384338,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384334\/revisions\/384338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/384336"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=384334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=384334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=384334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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