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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Recently, the cryptocurrency market has been characterized by a noticeable lack of volatility, with Bitcoin lingering below the $30,000 price.
After briefly surging a little above $28,000, courtesy of Grayscale's win against the SEC, the digital currency's celebration was short-lived. The SEC's decision to delay on spot Bitcoin ETF applications made Bitcoin tumble to around $25,307 on September 1, marking its lowest point in two weeks. At the time of writing this article, Bitcoin trades a little above $26,200.
Given these recent events, many BTC investors wonder if Bitcoin is poised to reach the $30,000 milestone or dip further. In today's article, we'll carefully consider the latest insights and analysis regarding Bitcoin's road to $30,000. We'll also discuss a better alternative – Bitcoin BSC – that can provide at least 300% gains to investors in 2023.
The recent price turbulence in early September has raised concerns about Bitcoin's performance for the rest of the month. Historically, September has earned a reputation as a "bear" month for Bitcoin, with negative returns over the past six years. Crypto analyst Ali's on-chain data predicts that Bitcoin could dip to $23,340 due to a lack of robust support below $25,400.
Conversely, crypto analysts predict that Bitcoin's trajectory depends on crypto whales' action regarding stablecoin accumulation. An increase in stablecoin holdings by these influential investors typically signals an impending upward movement. This aligns with data from IntoTheBlock, a prediction platform, which reveals that addresses holding 0.1% or more of Bitcoin's supply have recently added over $1.5 billion worth of BTC.
Nevertheless, Bitcoin remains within a wide price range, oscillating between $24,800 and $31,000. Breaking below $25,400 could lead Bitcoin to target $23,340 and lower. Conversely, breaking above $27,500 could pave the way for a push towards the elusive $30,000 mark.
Regardless of the outcome, the crypto market remains dynamic and unpredictable, with potential for gains and losses. Now, let's shift our attention to an exciting development in the cryptocurrency space: Bitcoin BSC (BTCBSC) and its potential to deliver substantial gains to savvy investors in 2023.
In 2017, Bitcoin became a household name in crypto. Starting the year quietly, Bitcoin embarked on a roller-coaster journey, reaching a peak of $19,000, sending the crypto world into a frenzy. Over the next five years, it set a new all-time high every year, breaching $68,000 in 2021. Those who held onto their BTC during these years saw remarkable gains.
Interestingly, a new cryptocurrency called Bitcoin BSC (BTCBSC) attempts to follow a similar trajectory. Like Bitcoin, this crypto starts small but has gained rapid momentum. Since the start of its presale earlier in September 2023, Bitcoin BSC has raised over $1.7 million, with no signs of slowing down. The question now isn't whether BTCBSC can replicate Bitcoin's success but how quickly it will do so. Let's check out more features of this Bitcoin alternative.
BTCBSC aims to recreate a pivotal moment in Bitcoin's history: April 2011, when BTC reached $1 for the first time. BTCBSC's price pays homage to that milestone, offering investors a second chance to buy Bitcoin, this time at approximately $1 per token. This opportunity to acquire a new Bitcoin at such a low price has captivated investors, causing them to massively purchase this token before potential exchange listings that will skyrocket its value.
Bitcoin BSC doesn't just aim to replicate Bitcoin; it seeks to improve it. Built on the Binance Smart Chain as a BEP-20 token, BTCBSC offers features not found in the original Bitcoin blockchain. One of the most notable additions is staking, a feature absent from Bitcoin due to its aging Proof-of-Work (PoW) technology.
Staking in BTCBSC is highly lucrative, with holders receiving 69% of all remaining tokens as rewards. After the presale, the reward pool will consist of more than 14 million tokens, providing a significant source of passive income for long-term holders.
The Bitcoin BSC staking pool boasts an impressive APY of above 14,000%. Although this yield will reduce as more investors stake their BTCBSC tokens, its rewards surpass the industry standard APY of 3%. This rewarding incentive encourages investors to hold onto their tokens, thus reducing the supply and potentially driving up the BTCBSC's price.
BTCBSC's presale is on track to become one of the most successful presales of the year. It raised $150,000 in the first 48 hours and surpassed $1 million in less than a week. Currently, it is above $1.7 million and is rapidly approaching its phase-one goal of $3.9 million.
The total number of tokens available for presale is 6,125,000, the same as the number of Bitcoin tokens in circulation in April 2011. With the presale gaining momentum, now is the perfect time to get in on the ground floor of this exciting crypto project. Early investors are well-positioned to benefit from the expected price surge once BTCBSC hits the crypto market.
Look at that! Indeed, Bitcoin's road to the $30,000 milestone depends on numerous factors, primarily whale actions, market volatility, and September's Bitcoin price history.
However, Bitcoin BSC is quickly gaining attention in the cryptocurrency world, and of course, for many good reasons already discussed in this post. It's not just another Bitcoin clone; it is a greener and modernized version of the original, offering the opportunity to acquire new Bitcoin at 2011 prices.
With a successful presale already underway and exciting features like staking, BTCBSC can potentially deliver substantial gains to savvy investors. Don't miss this opportunity to ride the BTCBSC wave to potential 300% gains in 2023.
