Anonymous analyst Inmortal believes an Ethereum (ETH)-based altcoin is a solid long-term play amid an extended crypto bear market.

According to him, traders have not fully paid attention to the decentralized oracle network Chainlink (LINK).

Inmortal shared a chart showing that LINK has been building a price base since May 2022, suggesting that the altcoin could make big gains after leaving the accumulation range.

“One of the most obvious plays in this bear market, overlooked because it requires patience… Willing to hold it for a year or two.”

Source: Inmortal/X

In technical analysis, traders and investors have a saying that “the longer the base, the higher the space,” which means that assets that spend more time building a base tend to experience stronger and longer rallies when they break out of the range.

Looking at Bitcoin, Inmortal predicts that the king of cryptocurrencies is now preparing for a major bull run.

“$20,000? It's all just a nightmare man, wake up, next is $40,000.”

Source: Inmortal/X

As for Ethereum, Inmortal believes the leading smart contract platform will see a bullish breakout in the coming months against both the US dollar and Bitcoin ( #ETH/BTC ).

“Is anyone seeing the same thing I see in ETH?”

Source: Inmortal/X

https://tapchibitcoin.io/top-nha-phan-tich-du-doan-bitcoin-se-huong-toi-40k-tiep-theo-eth-va-link-san-sang-tang.html