After a nearly 8% drop toward the end of September, Bitcoin is now up over 10% in just the last 7 days. It finally found strong support at $108K after breaking through the former resistance in the second week of July.
Most notably, Bitcoin has now pushed through its short-term resistance of $117K-$118K and is edging tantalizingly close to its all-time high of $124.5K.
So what comes next for the greatest crypto of all time? A new ATH? More upside?
Spoiler alert: $HYPER is a $BTC-themed altcoin that promises to turbocharge the Bitcoin blockchain with lightning-fast speeds, ultra-low fees, and enhanced programmability (think dApps and smart contracts).
Bitcoin Price Prediction: Short-Term Box Breakout and Long-Term $500K Target
For a short-term price prediction, we can use the classic box analogy from the technical analysis playbook.
Since July, Bitcoin has clobbered back from the $124K level twice and has also formed support at the $108K level twice, essentially creating a rectangle box when its highs and lows are marked.
According to chart analysis, breakout from such a box usually triggers a move equal to the width of the consolidation range.
In this case, the width is around $16.5K. So, if a breakout above this box occurs in the coming weeks, we can expect Bitcoin to charge toward the $140K-$145K range.
For a longer-term Bitcoin price prediction, we can switch to the weekly chart – and this is where things get a lot more exciting. It’s almost enough to make you drool once you truly grasp what’s happening in this timeframe.
That’s because Bitcoin seems to be on the cusp of a major breakout from an ascending wedge pattern.
Similar to the box analogy, all we need to do to arrive at the next target is measure the widest width of the consolidation phase. In this case, that points to a staggering target of over $500K.
Ride Bitcoin’s Rally by Spotting Low-Cap Altcoin Opportunities
If Bitcoin’s price prediction plays out perfectly, you could gain around 20% in the short term and over 350% in the next few years.
While this is already a pretty lip-smacking prospect, unless you’re brand new to crypto, you probably know that a Bitcoin bull run almost always triggers an altcoin season as well.
And that’s where the real opportunity lies.
Due to its current price and market maturity, Bitcoin is almost incapable of churning out those 1,000% rallies in just a couple of weeks. That kind of move is, in all likelihood, a thing of the past. Bitcoin has truly become ‘digital gold.’
But that doesn’t mean there are not 100x or even 1000x prospects in the market. Altcoins, especially low-cap cryptos with high upside, are the perfect playground for those explosive returns.
Of course, it’s super important to be selective. While low-priced cryptos can be a bit of a boom-and-bust game, backing projects strongly rooted in utility, ideally tied to Bitcoin, can drastically reduce your risk while preserving that moonshot upside.
And that’s exactly what Bitcoin Hyper ($HYPER) delivers.
What Is Bitcoin Hyper and Why Did Whales Buy ~$1M in the Last Week?
$HYPER is building a new Layer 2 solution for Bitcoin – one that finally solves its speed, scalability, and Web3 compatibility issues.
Why is this so crucial? Because although Bitcoin is the granddaddy of cryptos, it has very little use beyond HODLing and being the face of crypto.
Let us explain. Investors buy Bitcoin because they believe in the future of crypto and expect the entire industry to grow in the coming years.
While this is true for tokens like Ethereum, Solana, and XRP as well, those blockchains also carry inherent value through their native functionality:
- Ethereum is a decentralized network with native dApp integration, letting developers build entire ecosystems on its back
- Solana is the birth place of many decentralized exchanges, blockchain games, payment solutions, and AMMs
- XRP is arguably innovating cross-border payments and bridging TradFi with DeFi in what could be called a new financial era
Bitcoin does none of that. It barely does anything other than being a store of value, in fact.
After all, Bitcoin isn’t even among the top 25 fastest blockchains in the world, currently handling just 7 transactions per second (TPS).
Compare that to chains like Solana and Ethereum, which dominate crypto infrastructure, and the difference is staggering. Solana, for instance, can process up to 65K TPS.
Bitcoin Hyper looks to change this by building a sidechain for Bitcoin. This will finally give Bitcoin the ability to process thousands of transactions simultaneously, while also lowering costs and bringing that DeFi utility to its blockchain.
$HYPER’s Two Main Components: SVM and Canonical Bridge
The star of the show for Bitcoin Hyper is the Solana Virtual Machine (SVM) integration, which, as the name suggests, brings Solana-like performance to the otherwise slow and sluggish Bitcoin blockchain.
Aside from speeding up transactions and lowering costs, the SVM allows developers to build smart contracts and decentralized applications on Bitcoin – something that was not possible before.
This solves another major pain point that has lingered for years: Bitcoin’s incompatibility with the Web3 and DeFi space.
Thanks to Bitcoin Hyper, users will now be able to interact with DeFi trading apps, NFTs, DAOs and governance platforms, lending and staking protocols, and even gaming DApps, all on Bitcoin itself.
Next, Bitcoin Hyper introduces a decentralized, non-custodial canonical bridge. This enables users to leverage their native Layer 1 Bitcoin tokens within this SVM-powered Web3 environment,
Simply put, it locks your Layer 1 Bitcoin and mints an equivalent amount of L2 tokens on Bitcoin Hyper’s network.
Oh, and don’t worry about reclaiming your original Bitcoin. All you need to do is raise a withdrawal request, and the bridge will seamlessly release your L1 tokens back to your wallet.
Buy Bitcoin Hyper Now for Maximum Gains
Bitcoin Hyper ($HYPER) is currently in presale, meaning you can grab it at some of its lowest-ever prices. The project has already raised over $20.4M from early investors, with each token currently priced at just $0.013035.
Grab your tokens today – visit Bitcoin Hyper’s official website!
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Source: https://coindoo.com/bitcoin-price-prediction-pushes-bitcoin-hyper-presale-to-big-gains/