2023-9-20 17:00 |
The crypto market has started to show some signs of optimism this week as Bitcoin recovers from the prior price drop caused by the delay of the ETF.
Bitcoin managed to surge back above $27,000 this week, setting a fresh monthly high for September as it looks to head back to the psychological $30,000 level.
Meanwhile, investors are turning their attention to lesser-known projects as they believe they can provide substantially higher returns with smaller sums of investment.
In particular, investors feel the FOMO for Wall Street Memes ($WSM) as its presale hits the last five days to invest.
In addition, Bitcoin BSC ($BTCBSC) continues to turn heads as it raises $3.4 million in two weeks.
Let’s dive deeper into why experts predict the bear market might be in the rear-view mirror.
Crypto Experts Predict Bear Market Might Be In Its Final StagesBitcoin is shaping up for an end-of-year recovery as it surges above the $27,000 level this week, setting a fresh high for September.
The move has some analysts believing this could be the last stage of the bear market after a prolonged bearish sentiment amongst traders.
In particular, some analysts cite long-term signals that show the market might be heading toward a bullish outlook for the remainder of the year.
For example, Twitter/X analyst Seth_fin, with over 30,000 followers on the platform, recently sparked optimism through two technical indicators that hint toward a bullish future.
The first indicator shows the Bitcoin Gaussian channel turning green, which has historically been a great predictor of the bearish market reversal;
The only other times the Gaussian channel had flipped from red to green was before the 2017 and 2020 bull runs, both of which produced remarkable returns in the market.
The second indicator suggested by the analyst was the Bollinger Band Width Percentile, which recently hit its lowest level.
This indicates that increased price volatility is incoming, which could result in a massive surge higher.
Furthermore, with the incoming Bitcoin block halving scheduled for next year, many experts suggest that the sentiment will shift from bearish to bullish relatively quickly, months before the actual halving event.
Where is the Support and Resistance Moving Forward for Bitcoin?Looking at the market, Bitcoin faces serious resistance ahead at $27,750 – provided by the June 2021 lows.
The cryptocurrency would need to close above this level to kick off a bullish move back toward $30,000;
If the buyers can push above the resistance, higher resistance is located at $28,225, $28,650 (June 2021 lows), $29,350 (July 2021 lows), and $30,000.
Beyond $30,000, additional resistance lies at $31,000, $31,675, and $32,270.
On the other side, the first level of support lies at $26,950. This is followed by support at $26,400, $25,760, $25,415, and $24,972.
What Other Tokens Are Investors Buying With the Increased Bullish Sentiment?With the bullish sentiment increasing in the market, investors are beginning to turn their attention to lesser-known altcoins that can potentially provide outsized returns relative to the industry giants.
In particular, Wall Street Memes ($WSM) and Bitcoin BSC ($BTCBSC) continue to turn heads as investors start to experience during their presales.
Wall Street Memes Hits Final Five Days To Get Positioned as Presale Almost EndsInvestors increasingly feel the FOMO for the Wall Street Memes ($WSM) presale as it reaches its last five days of operation.
The presale has raised well over $25 million, turning the $WSM into one of the most highly sought-after meme coins in the industry today.
Investors are rushing to get positioned into the project due to its unique charm, hilarious memes, and attention received from billionaires like Elon Musk.
Furthermore, the fact that the project has amassed a cult-like following of over 1.1 million followers has investors believing that top-tier exchanges like Binance will list the token as soon as it launches.
Wall Street Memes intends to make a mockery of the capitalist giants on Wall Street through a series of memes on social media.
The memes have become so popular that they receive over 40 million monthly impressions, helping them attract the attention of the CEO – Elon Musk – who’s been seen commenting on the memes on multiple occasions.
The interest from Elon Musk caused a wave of FOMO, with whales jumping in on the action. For example, one whale bought 420 ETH worth of $WSM in one purchase – demonstrating his overwhelming level of confidence in the project;
Furthermore, this same account had spent 93 ETH on $WSM tokens earlier in the month, bringing the total investment to over $1 million.
In addition, an extensive range of YouTube analysts are also heavily backing the token. For example, Joe Parys, who has over 380,000 subscribers, believes the token will be primed for parabolic growth once listed on major exchanges;
Michael Wrubel, who has 310,000 subscribers, is also highly optimistic about the project;
With such a high level of popularity behind this project, the eyes of the crypto world are watching $WSM this week as they expect explosive growth.
The project has struck the perfect balance between hype and FOMO to turn $WSM into the next meme coin sensation, capable of delivering the same returns as $PEPE.
Following the presale, $WSM is expected to launch on major tier-1 exchanges, with Binance speculated as the number one pick – although unconfirmed.
With just five days remaining in the presale, this is your last chance to get positioned in $WSM at presale prices or face the pain of paying higher prices once the token launches and starts to trend across the industry.
Buy $WSM Today.
Bitcoin BSC Quickly Approaches Soft Cap After Raising $3.4 Million.Another token that’s gathering significant momentum following the Bitcoin price recovery is Bitcoin BSC. This project provides investors the chance to get positioned into an upgraded version of Bitcoin at the price of just $0.99.
Bitcoin BSC ($BTCBSC) is bringing Bitcoin onto the Binance Smart Chain and introducing a groundbreaking staking mechanism that lets stakers earn a passive income.
The staking concept is expected to alleviate sell pressure as the token launches to create long-term utility for the token.
The verified and immutable staking contract releases $BTCBSC tokens in line with the original Bitcoin block rewards schedule.
Those staking their $BTCBSC holding earn a percentage of the rewards through the highly accessible Proof-of-Stake mining mechanism, which is more energy-efficient than the old-school Bitcoin Proof-of-Work algorithm.
Experts believe that this staking concept will cause a shortage of $BTCBSC on the open market to be purchased, leading to significantly higher prices once the token launches.
This is because most of the $BTCBSC tokens will be locked into the staking contract, leaving little on exchanges to be purchased by newcomers following the presale – forcing them to pay higher prices.
As a result, $BTCBSC has already raised $3.4 million in its presale, pushing it very close to its $4 million soft cap.
The tokenomics for the token mirror the 21 million $BTC total supply.
However, the presale pays homage to the early days of Bitcoin in April 2011, when there were 6.125 million $BTC circulating for $1.
Therefore, the presale is selling 6.125 million $BTCBSC in two separate phases for $0.99.
Following the presale, 14.455 million $BTCBSC tokens will be locked into the staking contract to provide rewards for stakers over the next 120 years – in line with the original Bitcoin blockchain rewards schedule.
As a result, 69% of the total supply for the project will already be locked away – unable to be purchased on the open market.
Taking this further, more than half of the presale $BTCBSC purchased have already been staked, providing stakers with a 150% APY return;
As you can see, the staking concept will cause a supply shock on the open market, meaning newcomers will most likely be forced to pay higher prices following the presale.
Although more than two-thirds of the presale has already been bought, there’s still time to get positioned at presale prices beneath $1.
Buy $BTCBSC Today.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post With Crypto Experts Predicting the End of the Bear Market, Here Are Two Tokens You Need to Add To Your Portfolio appeared first on CaptainAltcoin.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
Emerald Crypto (EMD) на Currencies.ru
|
