Latest dip has arrived for Bitcoin, according to closely followed crypto trader

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A prominent cryptocurrency strategist and trader compares Bitcoin’s recent plunge to when BTC plunged in the spring of 2017 before nearly tripling in value in a matter of months.

The trader known in the industry as Inmortal suggests to his 75,000 subscribers that the Bitcoin price drop that started earlier this month will continue through early October, but then pick up again. to historic heights and beyond.

Bitcoin’s current price action will be the last ever drop, according to Inmortal.

Source: Immortal / Twitter

The trader notes that Bitcoin maintaining a bottom in the face of macroeconomic pressures at all levels bodes well for future price increases.

“The fact that $ BTC did not drop the FUD despite everything [fear, uncertainty, and doubt] is a good sign.

Collect 45k and I’ll wait for it for a new ATH [all-time highs]. “

Source: Immortal / Twitter

Inmortal also sees a green week ahead for Ethereum (ETH).

Source: Immortal / Twitter

His fellow crypto trader and strategist Capo also expects Bitcoin to trigger rallies at record highs, but predicts less decline than Inmortal.

If you don’t accumulate between 40k-45k, you will soon regret

– the Boss of $ NOIA (@CryptoCapo_) September 28, 2021

According to Capo, traders who hope to get Bitcoin at an additional discount will likely be disappointed.

“A lot of people expect less than $ 40,000 BTC

Do not arrive.”

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Featured Image: Shutterstock / Charming Art Deco

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