The post $40,000 Bitcoin Remains Strong Possibility; Big Ethereum Investors Are Hedging Bets with Presale Token appeared on BitcoinEthereumNews.com.

Even though Bitcoin has had an amazing year, notably during the first quarter, the token may not end 2024 on the same note. Market analysts are not budging on how low they feel BTC will go. Even Ethereum whales are searching for calmer waters. Amidst this uncertainty, the Rollblock presale has surged to unprecedented heights, attracting many Ethereum investors who are now diversifying their portfolios. Let’s see why you should also consider seizing this investment opportunity! A Predicted Decline Has Bitcoin Investors Scared The number one crypto token in the world may be on the verge of a huge downtrend. The 200-day SMA is bearish, predicting that a drop to $40,000 is likely for Bitcoin. This Bitcoin price is a far cry from the peak of over $73,000 reached in March this year. Further evidence of this potential decline can be seen in the Bitcoin chart for this week. It is difficult to remain optimistic with a 7.1% drop in such a short time. A lot of BTC holders are on the edge of their seats as they continue to look at the Bitcoin price. It would be unwise to wait and see what happens instead of making a different informed investment. Ethereum’s Disappointing Month May Just Be the Beginning Holders of Ethereum can not be happy with how the past month has been. Still, this may just be the start of a disappointing trend. Ethereum is not expected to see a resurgence in the few months left in 2024. New buyers have moved away from adding ETH to their portfolio. Ethereum has dropped 3.9% in the past month. Even worse, the token has seen a 10.9% dip in the last seven days. There are doubts about Ethereum surviving in this bear market, especially with Bitcoin’s current performance. Most ETH…

---

Filed under: News - @ October 6, 2024 9:12 pm