BTC has fallen by 1% in the past 24 hours, dropping below $70,000 as the market lost 2%. However, the cryptocurrency remains up by 4% in a week and has seen a 140% gain in the past year. With the anticipation of the next halving on April 20, now could be a good time to buy Bitcoin at a slight discount. There is a possibility of a new rally in the next few days leading up to the halving, which may result in longer-term gains later in the year. Despite recent dips, Bitcoin’s support level is still on an upward trend, and the trading volume remains relatively high, indicating that any further falls may not be major.
Bitcoin’s relative strength index has shown signs of recovery, suggesting that the crypto may bounce back up soon. The 30-day average is falling towards its 200-day average, indicating a potential upward climb. Weekly fund flows remain positive, and the support from trading volume and an upcoming halving event could lead to price increases in the coming months. Although there may be a short-term dip, BTC could potentially reach $80,000 by the summer, according to experts and analysts.
As Bitcoin remains a safe investment option, some traders may seek exponential returns from newer and smaller altcoins. One such token gaining momentum is Dogeverse (DOGEVERSE), a multi-chain meme token that aims to provide greater utility by running on multiple chains, such as Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base. With a capped supply of 200 million tokens, DOGEVERSE has raised over $900,000 in its presale phase. Additionally, the token enables staking, which may lead to supply squeezes and potential price increases over time.
Investors can participate in the DOGEVERSE sale through the official website, where 1 DOGEVERSE currently costs $0.000291. The price will incrementally rise with each new stage of the sale, and the token’s listing in the next few months could result in significant growth. With the use of Doge memes and a multi-chain approach, DOGEVERSE aims to become a widely used token across various networks and dapps, positioning itself for significant listings and potential growth in the future. As with any investment in the crypto market, it’s essential to be aware of the high-risk nature of this asset class and to conduct thorough research before making investment decisions.
