• Crypto analyst Inmortal believes that a break above $30,000 in BTC could trigger FOMO among retail traders.
• ETH is trading in a range between $25,600 and $28,400.
• Inmortal also expects Solana (SOL) to outperform BTC during the next market surge.
Retail FOMO Could Come Flooding Back to Bitcoin
Crypto strategist and analyst known as Inmortal suggests that if Bitcoin (BTC) breaks above the psychological level of $30,000, it could trigger fear of missing out (FOMO) among retail traders who have been waiting for the chance to jump into the crypto markets.
Bitcoin Consolidating Below $30K
BTC is currently trading in a consolidation period below the $30,000 price level with potential entry points for bulls sitting at the bottom. Inmortal says that Ethereum (ETH) is doing something similar by consolidating for a long time under the psychological level of $2,000. He believes ETH may surge briefly above this mark before correcting back down to around $1,500.
Solana Could Outperform BTC
Inmortal also predicts that Ethereum rival Solana (SOL) looks set to rebound from its bear market and outperform Bitcoin during the next market surge. He has gone long on SOL as he believes it has managed to reclaim its trading range for the year.
Price Action & News Headlines
Traders should keep their eyes on price action and news headlines surrounding these cryptocurrencies when considering any investments or trades in this space – especially given how quickly these markets can change direction based on new developments and events taking place around them.
The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets; nor is The Daily Hodl an investment advisor – readers should do their own due diligence before making any high-risk investments in Bitcoin or cryptocurrency. It’s important to note that your transfers and trades are at your own risk and any losses you may incur are your responsibility.