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In 2010, Bitcoin was worth a few cents. A year later it reached 20 dollars. In six years it hit 17,000 dollars, and today it surpasses 110,000 dollars, after reaching an all-time high of 123,000 dollars in July.
Historically, those who invested in Bitcoin at launch would have achieved an ROI of 188,643,000%. Large companies like Mastercard, JP Morgan, and many from the S&P 500 are buying Bitcoin in bulk. There has never been anything like Bitcoin, and investors are starting to realize this.
However, by modern standards, Bitcoin has become “old”: no dApps, no smart contracts, and virtually no possibility of creating a DeFi. Bitcoin is undoubtedly a revolutionary technology, but it has structural limitations as it is not Turing Complete, unlike Ethereum. And this is where Bitcoin Hyper ($HYPER) comes into play with Layer-2 technology.
DISCOVER: HOW TO BUY BITCOIN
How to Buy $HYPER
Today's Bitcoin Technical Analysis
Go to Bitcoin HyperAfter a drop of over 2.5% yesterday, Bitcoin is up 1% today. We could see a healthy rise after a 16% rally in the last two weeks.
That said, even after yesterday's correction, the daily chart of Bitcoin has not yet touched the 10 EMA, suggesting that it might be ideal if the token corrected a bit more, perhaps towards the 20 EMA.
In general, even if we were to see a deeper correction, down to about $118,000 – the last major resistance level before the all-time highs – there would be no reason to worry.
A similar move would simply indicate that Bitcoin is accumulating strength before a new rally towards new highs.
Indeed, Bitcoin is accustomed to explosive movements. Furthermore, having already found support on the 50 EMA in the 4-hour chart, do not be surprised if we see a new all-time high in the coming hours.
The Analysts: Maturing Market Favors Top Assets and Bitcoin Hyper Presale
According to the main crypto analysts interviewed by Decrypt, the sector is maturing and now favors top assets like Bitcoin ($BTC) and Ethereum ($ETH), with real utility.
Some popular altcoins like Dogecoin ($DOGE), Chainlink ($LINK), and Sui ($SUI) have failed to grow as $BTC and $ETH in the last few weeks.
These statements are also positive for projects like Bitcoin Hyper ($HYPER), which have a strong use case.
The token presale aims to develop a Layer-2 network to make Bitcoin transactions faster and cheaper, expanding the utility of $BTC for staking and interaction with dApps.
Investors have reacted positively to the presale, which has already raised over $22.6 million.
Go to Bitcoin Hyper
No investment in cryptocurrencies is without risk. Our content is for informational purposes only and does not constitute financial advice.
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