A well-known cryptocurrency analyst believes Bitcoin is offering a rare chance for long-term investors. Going by the name Inmortal, this analyst shared insights with over 212,900 followers on the social platform X, predicting a surge in Bitcoin's value soon. Inmortal sees the current period of Bitcoin consolidation as a great time for long-term holders to buy in, expecting the cryptocurrency to reach new record highs in the coming weeks.

According to Inmortal's analysis, as long as Bitcoin remains above $60,000, it could climb to as high as $76,000 in the short term. The analyst is confident that Bitcoin won't stop there, projecting further gains of up to 119% from its current price before the bull market peaks. Inmortal emphasizes that while investors may not be early to the game, there's still momentum to ride for those already holding Bitcoin.

Additionally, Inmortal believes that the hype surrounding cryptocurrencies focused on tokenizing real-world assets (RWAs) will grow significantly in the latter part of 2024. This shift in narrative from gaming and artificial intelligence (AI) projects to RWAs could lead to substantial gains for investors in this sector.

In summary, Inmortal's insights suggest a promising outlook for Bitcoin, with potential for significant gains in the near future. Moreover, the analyst sees opportunities beyond Bitcoin, particularly in projects related to tokenizing real-world assets.