What Can Break The BTC Deadlock?

On Sep 16, 2023

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Bitcoin’s price has recently increased from around $26,500 to about $27,000. While it’s too early to say it’s starting a big rally, the last few days have shown positive price movements that have attracted more people to Bitcoin.

As of 10 a.m. EST on September 16, BTC is hovering around $26,567. With trading volume around 13.44 billion, this represents a jump of over 0.50% over the past 24 hours.

Source: CoinMarketCap

On September 12, Bitcoin‘s price was at $25,200. Suddenly, it faced resistance at $25,820. After some difficulty breaking through for a few hours, Bitcoin finally did it. It went even higher, surpassing $26,500 and reaching the next resistance point at $26,900.

When BTC’s price quickly increased, it faced strong resistance when it reached a certain point. It dropped back to $25,800, but on September 13, it tried again to go past $26,400.

Once more, it couldn’t break through the barrier, but it stayed above $26,000 this time. It made a few more attempts to grow and finally passed $26,400 on September 14. But now, it’s facing resistance at R1 at $26,900, and in the past day, BTC has been trying to get past it. So far, it hasn’t succeeded but hasn’t given up.

Bitcoin Price Prediction: What Can Break The BTC Deadlock? — Source: TradingView Daily Chart

Some people think Bitcoin will increase even more, maybe reaching $30,000, a level it hasn’t seen since mid-July. But not everyone agrees, and some experts say it might not be the right time to invest, as significant risks are involved.

Promising Alternative to Bitcoin

Bitcoin BSC is based on the BNB Smart Chain and mirrors some Bitcoin functionality. In the same way, Bitcoin creates a new block every 10 minutes, and BTCBSC rewards users with tokens through the stake. Like Bitcoin, this project has a total supply of 21 million coins.

Bitcoin BSC Innovative Staking Program

Bitcoin BSC uses a Proof-of-Stake mechanism to increase energy efficiency. BTCBSC’s stake program encourages long-term holding and staking.

By stakes, users can earn passive income while contributing to the security and sustainability of the network. BTCBSC holders can stake their coins in the stake pool for rewards up to 310% APY. Daily stake rewards are paid out every 10 minutes for 120 years.

BSC Explosive Presale

BTCBSC launched in the crypto space with its presale, which allowed users to join and own the token for $0.99 each. The presale target for BTCBSC is $6.06 million. Participants received 6,125,000 coins.

Low prices aim to create a similar trading environment as Bitcoin did in 2011 before it exploded.

Over $2.33 million has already been collected, over 37% of the presale goal. To buy BTCBSC, investors can use ETH, USDT, or BNB on the official website.

Ends Soon – Wall Street Memes