Best Crypto to Buy Now as Market Eyes Bitcoin’s Next Bullish Move

Bitcoin corrected again yesterday, Tuesday, crashing to $103K before a rebound. 

However, this has been a way to cut the risk ahead of the Federal Open Market Committee meeting that will make an interest rate decision.

This price action signifies a bearish weekly candle close due to escalating tensions between Israel and Iran. However, a bullish wave may be coming as long-term investor behavior remains unchanged.

Axel Adler, a crypto analyst prominent on Twitter, said that the current minimum in the LTH (long-term holder) spending is a sign of accumulation. And the fact that positive CDD momentum remains and MRV Z-score remains positive, the market may once again go bullish.

The hope for the market to make a comeback and the bullish frenzy to return is what the community has been focusing on when it comes to deciding which is the best crypto to buy now.

Will the Bitcoin price move up again, though? That’s the core question.

Profit Takers, War and FOMC Meeting – All Pushing Bitcoin to Its Bottom

The geopolitical tensions between Israel and Iran that have fanned the fire of the “World War 3” talk aren’t helping anyone. Fear is ruling the market, and the neutral point of 50 has now reduced to 48, which means fears could set in again.

While the Coinbase Premium Index by CryptoQuant shows positive activity in June, especially by American holders, Glassnode found that mid-level profit takers—those with less than $12 million in their cryptocurrency wallets—have already realized $904 million in profit.

This shows that non-believers have started to step back a bit, and with the FOMC meeting today, the future is a bit uncertain for crypto.

In terms of technicals too, there is a bit of a setback, and Bitcoin may be pushing to the bottom. Bollinger Bands are compressing, which is indicative of a spike in volatility.

Currently, the $105.7K mark is Bitcoin’s dynamic resistance. And as long as the BTC price stays above this level, it could break through the $110K level and aim for $112K.

However, a break below the lower band could push the BTC price down to around the $100K level, which could be its short-term bottom.

According to Axel Adler, however, the pattern created by LTHs still refraining from large-scale spending right now is similar to the one in past cycles. That could result in the BTC price rallying by 18 to 25% in six to eight weeks.

And from the way whales have been behaving, there could be some truth to this prediction. On-chain data has revealed that there has been a spike in Binance BTC withdrawals. CryptoQuant’s Amr Taha posted that Bitcoin outflows are nearing 4,500 BTC at the time of writing, and there have been $400 million in stablecoin inflows within days. It has created a supply-demand asymmetry, which means a stage is set for a potential price breakout.

Best Crypto to Buy Now

Given that many believe Bitcoin could be preparing for a bullish move soon, the following picks could be considered the best assets to invest in.

BTC Bull

High-cap tokens are moving at a volatile pace, which could spur more investments into low-cap tokens. BTC Bull is one such asset. The low-cap crypto is built on Ethereum and aims to capitalize on the bullish price movement of Bitcoin.

Described best as a social movement token, BTC Bull does not have any utility, but the focus is squarely on boosting people’s perception of Bitcoin and redirecting that attention towards itself.

Offering free Bitcoin to holders when Bitcoin hits certain peaks, the interest in BTC Bull has heightened. Token burns are also part of its mechanism, which will be triggered alongside Bitcoin hitting milestones. The supply-demand asymmetry then created could hopefully give the BTC Bull token another boost in value.

Despite these simple talking points, BTC Bull has managed to raise upwards of $7 million so far.

Ultimately, most crypto analysts have even said that the token has 10x potential, given the current state of the market.

SUBBD

Bitcoin’s bullish reversal phase, if it arrives, could result in eyes turning to utility-centric tokens once again. SUBBD is a project getting ahead of the curve and preparing the market for when that happens.

A content creation platform, SUBBD has an AI-centric approach that involves the ability to deliver prompt-based content creation, AI administrative tools, and even an AI influencer.

The goal of this “AI Agent” ecosystem is to penetrate the $85 billion industry. And for that, SUBBD has already partnered with over 2,000 content creators who have a cumulative following of over 250 million across multiple social media sites.

Over $650K has been raised by this project already, despite it not focusing on memes. However, due to the models and the spicy posts it makes on social media, it could gain a larger following in times to come and even explode upon arriving on the price charts.

This belief is echoed by many analysts, who have even said that SUBBD could be the next 100x potential crypto.

Snorter

The thinning of the Bollinger Bands points to high volatility in the Bitcoin price. Since this volatility could lead to the emergence of more than a few meme coins, investors are hyper-focused on creating an ecosystem where meme coin investments can be fast.

Snorter is one project that has been the result of that pursuit. It is an AI trading bot featuring automated sniping tools that let investors pick and choose the best Solana meme coins just as they emerge.

Developers have also been mindful of adding MEV protection to the ecosystem, along with protection from rugpulls and honeypots.

The utility-centric nature of this project is complemented by its memetic identity, which is signified by the Aardvark’s imagery that can be likened to the act of snorting profits from the Solana ecosystem.

Analysts have been hyper-focused on the project’s Telegram-centric features, with many claiming that this low-cap meme coin could have 100x potential.

Conclusion

Bitcoin’s recent crash after a lengthy period of stagnation could be seen as a bad omen for some, but for market watchers, this could be a prelude to a major bullish wave. And as the market anticipates for the surge to arrive, they seek the best crypto to buy now that could be bought at a low cost and still has a lot of upsides. The ones mentioned in this article are focused on that.

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