• Crypto analyst Inmortal predicts a Bitcoin (BTC) correction to the $26,000 level near the end of this month.
• The correction is expected to be triggered by the delay in approval of spot-based Bitcoin ETFs, which will likely cause people to panic.
• The crypto strategist also anticipates a bullish price action next year and suggests accumulating Solana (SOL) and Chainlink (LINK).
Imminent Bitcoin Correction
Crypto analyst Inmortal warns that an incoming Bitcoin (BTC) correction will cause people to panic. He believes BTC will dip to the $26,000 level near the end of this month as a result of delays in the approval of spot-based Bitcoin exchange-traded funds (ETFs).
Crypto Traders Will Panic
According to Inmortal, traders will overreact when they witness the corrective move. However, he believes that it would set up BTC for a run above $36,000 in the long run. Furthermore, he notes that choppy market conditions are a precursor to next year’s bullish price action.
Altcoins To See Uptrend In 2024-2025
Inmortal predicts that altcoins will experience strong uptrends in 2024 and 2025. He is currently accumulating Solana (SOL) and Chainlink (LINK). At time of writing, SOL is trading for $24.55 while LINK is worth $7.45.
Bitcoin Price at Time Of Writing
At time of writing, Bitcoin is valued at $29,454 according to Inmortal’s analysis.
Enjoy Summer While You Can
The trader advises crypto enthusiasts not worry about the slow motion price action and enjoy summer while they can before next year’s bullish price action sets in.