In a widely watched development, the renowned cryptocurrency analyst Inmortal has predicted an imminent uptrend for Bitcoin (BTC) following a period of consolidation. Inmortal also pointed to Floki (FLOKI) as a promising altcoin poised for growth, potentially leading a market-wide rally.

The analyst, known for his anonymous identity, drew comparisons between Bitcoin's current trading behavior and its patterns in 2020. He suggested a possible repetition where Bitcoin hovers around its all-time high (ATH) before embarking on a significant bullish trend. Despite current market signals appearing bearish, Inmortal maintained optimism, highlighting Bitcoin's resilience within a specific trading range and anticipating a breakout in the near future.

Emphasizing the need for patience and a long-term outlook, the analyst noted that Bitcoin has yet to surpass its ATH of $73,750. Amidst short-term fluctuations, Inmortal advised investors to refrain from impulsive decisions and remain steadfast in their approach.

Additionally, Inmortal reaffirmed his belief in Floki's potential, particularly citing its inclusion in VanEck's MarketVector Meme Coin Index as a positive indication. This move, according to the analyst, suggests institutional readiness for the next phase of the bull market, with Floki positioned to lead the way.

Currently trading at $0.0001965, Floki has seen a notable increase of over 6% in the past 24 hours. Inmortal's endorsement of Floki's upward potential further strengthens confidence in the altcoin's future, aligning with the overall bullish sentiment pervading the cryptocurrency market.

In summary, Inmortal's analysis suggests that Bitcoin is on the cusp of initiating another bullish run, mirroring past trading trends. Despite short-term fluctuations, the analyst remains upbeat about Bitcoin's long-term trajectory, advocating for patience and strategic decision-making among investors. Furthermore, Inmortal's endorsement of Floki underscores the optimistic outlook for alternative investment opportunities within the crypto sphere.