Trader Says Bitcoin (BTC), Chainlink (LINK) and One Ethereum Rival Setting Up for Rallies

A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies.

Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go.

“We still have room for 500 more green days.”

Bitcoin is trading for $61,486 at time of writing, down 2.4% in the last 24 hours.

Next up, the trader says that blockchain oracle Chainlink (LINK) appears to be in a consolidation phase that could lead to a massive breakout, based on historic price patterns.

“The most curious thing about LINK is how it works.

• Long consolidations.

• Fast pumps.

We are not in the second one so we must be in the first one.”

LINK is trading for $13.83 at time of writing, down nearly 3% in the last 24 hours.

Lastly, the trader predicts that Ethereum (ETH) competitor Solana (SOL) will dip below the ascending trendline on the daily chart to the $120 range, forming a bearish trap, before going on a massive bull run beyond $230.

“The fastest horse of the cycle just need one more trap.”

Solana is trading for $141.51 at time of writing, down 6% in the last 24 hours.

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