Inmortal Predicts Altcoin Mayhem, BTC And ETH To Move ATH Levels

According prominent cryptocurrency analyst and trader, known as Inmortal, a large scale correction is looming for altcoins. Bitcoin (BTC) will test support and then break out above $60K level, he predicts.

The pseudonymous analyst, Inmortal shares with his 71.7K Twitter followers that the current corrective move for Bitcoin is a shakeout, and that the number one crypto will resume its bull trend soon.

“How they steal your coins.
1. Scam/boring PA during the weekend
2. Stop hunt on Monday
3. Trend continuation”

How they steal your coins.

1. Scam/boring PA during the weekend
2. Stop hunt on Monday
3. Trend continuation#Bitcoin pic.twitter.com/ME9jLVR7v0
— Inmortal (@inmortalcrypto) September 19, 2021

The trader is looking at one key level for BTC hold as a key support level for this year.

“$42,000 is the most relevant level of 2021, and it’s acting as support. I think the bottom is in.”

42k is the most relevant level of 2021, and it's acting as support.#Bitcoin pic.twitter.com/hI4rN866j0
— Inmortal (@inmortalcrypto) September 20, 2021

Bitcoin is trading at $42,360, at the time of writing, with 10% loss on a weekly chart.

As he sees it, Bitcoin will recover and spark a huge rally.

Inmortal also predicts that it will not be pretty when the altcoin market is divided again between panic sellers and those who are ready to keep accumulating.

“Soon we’ll see blood in the market. And inevitably, the world is divided in two again:
1. Those who are now overexposed and will sell in panic.
2. And those who are ready to buy your bags.
Choose your side.
Just to clarify, I am talking about ALTs. BTC will trade above $60,000 soon.”

Despite being bearish on most altcoins, he sees Ethereum (ETH) hitting a new all-time high (ATH) after passing a new accumulation phase.

At time of writing, ETH is trading at $2,862, with 15.7% loss on a weekly chart.