In a recent analysis shared by renowned analyst Inmortal, who boasts 216,000 Twitter followers, it was predicted that the price of Bitcoin (BTC) is gearing up for a potential upswing with the formation of a parabolic trend. This prediction stems from the observation that BTC's current market behavior bears striking resemblance to the 2023 price trend. During that period, BTC navigated sideways below $30,000 before initiating a parabolic ascent to reach a new all-time high. Inmortal believes that the current sideways consolidation is the final stage of a similar accumulation pattern, suggesting the imminent onset of another significant rally. While the cryptocurrency market remains highly volatile, analysts like Inmortal provide valuable insights based on historical data and market trends. Their predictions and analyses can assist traders and investors in making informed decisions regarding their cryptocurrency investments.

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