### Crypto Analyst Predicts Major Bitcoin Rally and Ethereum Opportunity

A well-regarded crypto analyst and trader has forecasted substantial gains for Bitcoin (BTC) in the near future. The analyst, known as Inmortal to his 216,500 followers on social media platform X, asserts that Bitcoin's current price movements closely resemble those from 2023. During that period, Bitcoin stayed below $30,000 before skyrocketing to unprecedented new highs.

Inmortal pointed out that exactly a year ago, Bitcoin was on the verge of a parabolic surge, advising his followers to observe similar patterns this October and the coming year. He describes the current phase as the final stage of consolidation following this year's halving event, which saw Bitcoin miner rewards reduced by half. According to him, this phase will soon give way to a significant upward movement.

At present, Bitcoin is valued at $62,824. Inmortal dismissed concerns about a potential decline in Bitcoin's value, suggesting that the so-called "god candle" is imminent and will catalyze the anticipated price explosion.

Turning his focus to Ethereum (ETH), Inmortal proposed that a drop below $2,000 would be a golden chance for long-term investors to buy in. He shared a scenario where Ethereum could hit a new all-time high exceeding $5,000 following this decline. Currently, Ethereum is trading at $2,480.

Overall, Inmortal's analysis offers an optimistic outlook for both Bitcoin and Ethereum, pointing to imminent price surges and strategic buying opportunities for investors.