A widely followed crypto analyst believes that Bitcoin (BTC) is primed for an explosive breakout that could take it to new all-time highs (ATHs). Pseudonymous crypto trader Inmortal tells his 215,300 followers on the social media platform X that Bitcoin could flip its ATH of about $74,000 into support within four months. "New BTC all time high by EOY (end of the year)." The analyst suggests that Bitcoin may not return to the $49,000 level before reaching a new ATH. "Maybe the low of this consolidation is already in." Source: Inmortal/X He also says that Bitcoin could trade around the $58,000 range heading into September and then reclaim the $62,000 level as support during the first week of the month. "1. Wait. 2. Let the price set the September open. 3. Long the reclaim." Source: Inmortal/X Lastly, the analyst suggests that Bitcoin is about to enter the most explosive phase of its market cycle with a clean break of the previous all-time high. "Soon we go brrrr." Source: Inmortal/X Bitcoin is trading for $59,219 at time of writing, up slightly in the last 24 hours. Next up, the analyst says that Ethereum (ETH) may retest a lower level and then soar to $3,200, an increase of more than 26% the current value. "Wait for $2,500, then long." Source: Inmortal/X Ethereum is trading for $2,520 at time of writing, down slightly in the last 24 hours. Generated Image: DALLE3 The post Bitcoin Primed To Hit a New All-Time High, Says Crypto Analyst – Here's His Timeline appeared first on Crypto News Australia.