Bitcoin has shown notable strength this week, recently reclaiming the $70K mark as it pumps by 5%.
Meanwhile, the new presale BRC20 crypto 99Bitcoins also looks primed for success, having raised $125K on its opening day.
Bitcoin Jumps, but Traders Predict Further Gains Ahead
According to prominent market analysts, Bitcoin’s recent pump may be overshadowed by its upcoming gains.
The market leader has shown considerable strength this week, pumping by 5%. Indeed, this comes with a sigh of relief from market participants, with the BTC price recently tapping lows of $66K.
Currently, Bitcoin is priced at $70.9K, up 0.6% today and 5.8% this week, but remains down 1.3% this week and 3.6% from its 14 March all-time high. Its current market cap is $1.3 trillion and its 24-hour trading volume is $30.2 billion, down 25% today.
Popular market commentator, Jelle believes Bitcoin’s bull rally may just be getting underway, drawing comparisons between its current and its December 2020 price action.
“The month of April started in the red, but I’m pretty sure it’ll look similar to December 2020 soon. Send it higher,” he wrote.
However, prominent analyst Bluntz anticipates “max pain” for traders, speculating that Bitcoin will first “take out its highs,” causing bulls to swoop in before a selloff to the range support.
That said, the analyst anticipates the price will then recover and commence an uptrend continuation.
99Bitcoins is one of its most promising projects. It is currently in presale and has raised $125K in its first day.
Newly Launched 99Bitcoins Presale Raises $125K in First Day and Offers 40,000% Staking APY
99Bitcoins is a renowned crypto media outlet that was launched in 2013 and recently changed hands. However, the handover also introduced a slew of exciting features to the website, including a new native cryptocurrency.
The token, $99BTC, is currently undergoing a presale and has raised an impressive $125K in its first day.
99Bitcoins’ website says it boasts over 700K YouTube and 2.8 million email subscribers.
Indeed, with such an established community, it’s unlikely that the presale will last long.
The $99BTC token offers holders countless benefits, including access to interactive learning, token rewards, BRC20 tools and education, crypto trading signals, a VIP community group, and staking rewards.
It will initially launch as an ERC-20 token but will migrate to the BRC20 token standard following the presale.
Factoring in the trending BRC20 narrative alongside 99Bitcoins’ already vast community, it is no surprise that heavyweight media outlets like Coindesk, Techopedia, Cointelgraph, and Bitcoinist are already backing the presale for success.
However, potential buyers should act fast. Currently, they can garner the biggest staking rewards, valued at approximately 40,000% APY, but this will decrease as the staking pool grows.
Further incentivizing early buyers, the current presale price is discounted at $0.001 but will incrementally rise throughout the campaign. The next uptick will occur in four days or when the total raise hits $742K.
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