Bitcoin Shock Forecast: Long-term at 30,000?
There was great joy when the BTC price surged above $31,000. For example, on July 06, 2023, the price was $31,340.86. There was also positive news for investors on July 13, 2023 as BTC traded at $31,657.51. Admittedly, looking at the charts puts you in a good mood. At least if you are satisfied with prices around $30,000. Because it is precisely in this area that the cryptocurrency number 1 is currently bobbing along. Therefore there are the first Bitcoin shock forecasts!
- BTC stays around $30,000 in the long term
- Bitcoin has been mostly sideways for a month
- Today Bitcoin is at $30,303.42
- Could BTC remain at this level?
Will BTC stay flat?
There have been two major spikes in BTC value in the past. The price peaks were remarkable and finally convinced many investors of the potential of the cryptocurrency. The mood among traders was correspondingly good and many beginners entered the crypto market. The bottom followed immediately and at the beginning of the year it went below $15,000.
It initially went up again for BTC, albeit in small steps. However, for about 5 weeks, the ranges in which Bitcoin moves have become significantly smaller and the coin is leveling off in the area around $30,000. At Coinmarketcap there are private estimates and forecasts for the development of the Bitcoin value and they all point to a falling price.
Apparently, many investors are also of the opinion that it was initially the bull run for Bitcoin and other Altcoins.
Ethereum does the same and remains sideways
Even the number 2 of the most successful cryptocurrencies is currently neither up nor down. There has been little good news about ETH since mid-April. Above $2,100 the level was high but after that it was all downhill. The bottom was reached in mid-June when ETH price was at $1,650.50. A new high followed, which was characterized by two levels. July 14, 2023 was particularly successful with an ETH price of $2,005.69.
Today, ETH is at $1,935.62, once again in the area around the important $2,000. Ethereum has broken above $2,000 only once this year. On May 15, 2022, Ethereum price was last just above $2,000. Investors nervously look at prices because expectations are high. Since the move to PoS and the Shanghai update, all eyes are on the charts. But that doesn’t really mean joy.
Are these bullish or bearish signs?
Although Bitcoin has been able to gain, there are experts who want to see bearish signals in the development. Other analysts are discovering a great opportunity for investors to invest in Bitcoin cheaply now before the bulls finally get going. There are word-case scenarios that assume prices of at least $135,000. But apparently the bulls and bears are in a fight.
On the positive side, BlackRock’s SEC filing for a Bitcoin ETF. The US regulator had rejected BlackRock’s first application because the information was incomplete. Above all, there was no indication of which crypto custodian the US asset manager wanted to set up the Bitcoin ETF with. Now it is clear that it will be Coinbase.
How the SEC now evaluates the application for an exchange-traded Bitcoin ETF, only time will tell. Unfortunately, even this positive news could not persuade the BTC to leave the 30,000 mark significantly. The sideways trend has determined the chart image for several weeks and could be an indication of an imminent breakout or mean nothing at all.
Bulls are clearly rallying in crypto pre-sales
The situation is different for some crypto pre-sales, where analysts can see clear signs of a bull run.
This is due to the following factors:
- Wall Street Memes has already sold out 80% of the tokens
- $WSM has already found over 46,000 unique investors
- Despite price losses in altcoins, the potential of meme coins is enormous
- Concrete reasons for the successful advance sale are reflected in the meme character
- Thug Life is also nearing the end of pre-sales
- Meme market is extremely dynamic
Wall Street Memes pre-sales almost sold out
Out of 30 phases, 23 phases are already sold out in advance. The pre-sales at Anti-Capitalism Coin is enormously successful. Unlike Bitcoin and Ethereum, which have remained flat, Wall Street Memes’ presale is truly skyrocketing. More than $300,000 has been invested in the project in the past 24 hours alone.
Analysts are seeing a clear sign of FOMO in Wall Street memes. So close to the end of the meme coin, many investors are afraid of missing their opportunity. The low prices for the tokens also attract many beginners to the market. Currently, the $WSM token costs only $0.0316. This price will be raised in two days, then the next phase of pre-sales will begin. You buy the native utility token $WSM with ETH, USDT or BNB.
Thug Life goes into launch with sold out tokens
Thug Life is also a meme coin. Ironic, sarcastic or humorous criticism of capitalism is not the focus here. Thug Life is all about the so-called gangsta life. This expression represents people who have had a hard time. However, with luck and skilful financial investment, they were able to overcome their chance.
Based on Tupac Schakur, who became legendary with his rap songs, the term stands for tough guys who take everything with humor, no matter how bad things are going for them. Thug Life is a meme coin that gathers the community behind it to bring like-minded people together. Investors buy the pre-sales token $THUG with ETH or USDT at the current price of just $0.0007. Unlike Wall Street Memes, Thug Life only has a single presale phase.
Conclusion: The alleged bull run is still in its infancy. There is no other way to assess the current sideways movement of the Altcoins, especially Bitcoin. If the signs are bullish or bearish, BTC should start moving, whether up or down. But at the moment there really isn’t much going on with the otherwise strong cryptocurrency number 1.
The two meme coins, Wall Street memes and thug Life, BTC and ETH are currently stealing the attention. Because unlike the two leading altcoins, things are going great for the pre-sale of $WSM and $THUG.
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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and central financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/