Bittime - Bitcoin's relative strength has increased 40%, indicating that the most popular cryptocurrency may rise rapidly in the near future, according to crypto research platform 10x Research. Let's see the explanation!
What happens during the Bitcoin Halving? How will the price of BTC develop in the future? With click on this link, you will find the answer.
What's Next for Bitcoin?
In their article titled “Fake Dip?”, 10x Research caught the attention of the crypto community by saying that historically, whenever the relative strength index (RSI) drops by 40%, Bitcoin experiences a price dip. Therefore, it is possible that Bitcoin could experience a recent price decline.
The research platform warned the $62,000 level could prevent the price of the most popular cryptocurrency from rising. However, Bitcoin has passed this level, indicating that there is still bullish sentiment towards cryptocurrencies.
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Bullish Events That Help Bitcoin
Research shows that for BTC to enjoy continued growth, it will need a driver. They emphasized four bullish events that helped Bitcoin enjoy a rapid uptrend.
Events include Janet Yellen's bid for unlimited deposit insurance, BlackRock's solicitation for a Spot Bitcoin ETF, Franklin Templeton's solicitation for a Spot Bitcoin ETF, and a drop in the US Core PCE below 3.0%.
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BTC Remains Destined To Reach The Top
A crypto analyst, Mykybull Crypto, recently stated Bitcoin is likely to reach a new peak. He said the current price increase was intended to create more fear in the market.
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He said BTC may take more than 500 days to reach the market top during this period. According to Martinez, the way BTC can rise is by breaking the $69,150 barrier level and reaching a new high price (ATH) of $92,190.
How To Buy Bitcoin (BTC) With Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with BTC IDR pairing.
To be able to buy BTC tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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