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Analyst Predicts Big Rallies for ‘Undervalued’ Altcoin, Says Bitcoin Trading at Critical Do-or-Die Level


A popular crypto trader states he’s anticipating considerable relocations from one altcoin prior to weighing in on Bitcoin’s fate in the wake of an unexpected BTC cost pullback.

The pseudonymous Inmortal informs his Telegram customers that the chart looks great for ATOM, the native token of the interoperable blockchain network Universe.

“ATOM/USD

I enjoy this chart [right now].

Tidy discrepancy after retest day-to-day need and appropriate swing point.

Variety low checked, vary high at $48 is next.”

Source: Inmortal/Telegram

In a tweet providing the chart above, Inmortal concludes by stating,

“ATOM is underestimated.”

Sometimes of composing, ATOM is exchanging hands at $32.20, up over 20% on the week however still below its September all-time high of $44.73.

Inmortal next take a look at Bitcoin, which just recently toppled from a brand-new high above $69,000 to listed below $56,000. His forecast for the leading crypto is clear.

“Do or pass away.”

Image
Source: Inmortal/Twitter

The trader plots out a possible BTC rally where $61,000 is a crucial breakout level.

“Dream situation IF we recover 61k.”

Image
Source: Inmortal/Twitter

Bitcoin is presently priced at $57,076.

Inmortal concludes his crypto analysis by taking a look at leading altcoin Ethereum. The trader thinks ETH is on the cusp of surpassing Bitcoin in regards to market cap, which is described informally as “the flippening.”

“Flippening is simply a matter of time.”

Image
Source: Inmortal/Twitter

Sometimes of composing, ETH is priced at $4,291, and its $512.6 billion market cap has to do with half of Bitcoin’s, which is valued at over $1 trillion.

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