BTC has experienced a 1% decrease in the past 24 hours, with the price falling below $70,000 in a market that has lost 2% overall. Despite this, Bitcoin remains up by 4% in the week, down by 3% in the last 30 days, and has seen a 140% gain in the past year. With the next halving event approaching on April 20, this could be a good time to consider buying Bitcoin at a slight discount, potentially leading to a new rally in the coming days followed by longer-term gains throughout the year. The current market conditions suggest that Bitcoin’s price chart indicates potential for a rebound, as evidenced by the relative strength index showing signs of recovery and the support level remaining on an upward trend despite recent dips.
As the halving event draws closer within the next ten days, experts and analysts predict a dip in the Bitcoin price before or after the event, followed by a medium- and longer-term upward trend due to the shrinking supply of new Bitcoins. Additionally, with the Federal Reserve softening its stance on rates, Bitcoin’s price is expected to reach new highs in the coming months, potentially hitting $80,000 by the summer. While Bitcoin remains a safe bet in the cryptocurrency market, investors seeking higher returns may look towards newer and smaller altcoins, with promising presale tokens like Dogeverse (DOGEVERSE) gaining traction and raising over $900,000 shortly after its launch.
Dogeverse is a multi-chain meme token that aims to become the first Doge-themed multi-chain token, initially running on Ethereum, Polygon, and BNB Chain, and later expanding to Solana, Avalanche, and Base. With a capped supply of 200 million tokens, Dogeverse allocates percentages to presale, staking, project funds, marketing, liquidity/exchanges, and community, potentially leading to supply squeezes and price increases over time. The token’s use of Doge memes and utility across various networks and dapps suggest that DOGEVERSE could have one of the biggest listings of the year. Interested investors can participate in Dogeverse’s sale through the official website, where 1 DOGEVERSE costs $0.000291, with prices set to increase incrementally with each new stage of the sale leading up to the listing in the next few months.
The fluctuations in Bitcoin’s price and the upcoming halving event present an opportunity for traders to take advantage of potential dip-buying opportunities while awaiting a market rally in the near future. Despite recent market dynamics, the overall outlook for Bitcoin remains positive, with indicators suggesting a forthcoming bounce-back in the price and longer-term gains. As the market anticipates the halving event and awaits positive developments, such as the softening stance of the Federal Reserve on rates, Bitcoin’s price is expected to rise in the coming months, potentially hitting new highs in the summer. In the midst of market volatility, newer and smaller altcoins like Dogeverse offer investors the chance to diversify their portfolios and seek higher returns through promising presale tokens.
