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Bitcoin’s recent dip from an all-time high of $109K all the way to $77K rattled a lot of retail investors, who started panic selling, which further intensified $BTC’s fall.
However, smart investors knew all along that corrections in an extremely bullish market (referring to Bitcoin’s November run) are healthy. In fact, they only mean one thing – new accumulation zones before the next rally begins. Several strong technical analysis signals are now pointing towards the same, i.e., Bitcoin is currently in an accumulation phase and that it’ll soon begin its next leg higher.
Read on as we dive deeper into Bitcoin’s analysis, why this could be the perfect time to be a buyer, and finally which new meme coins on presale you should be looking at. 4 Reasons Why Bitcoin Could Rally Higher
Here’s a detailed run-through of all the major reasons why $BTC is in a pole position to reach new highs.
1. The Long Term Holder Supply for Bitcoin is showing a noticeable increase.
This simply means that long-term $BTC HODLers who initially sold the crypto to lock in some profits are now re-purchasing it. A phenomenon like this is exactly what precedes a parabolic price movement. 2. The Value Days Destroyed (VDD) Multiple is currently very low.
This metric, by the way, measures Bitcoin transactions based on both transaction size and coin age and then compares it to a previous yearly average.
The VDD Multiple being low is great news because it tells us that large, older Bitcoins are not being transacted. Essentially, institutional buyers are holding onto their $BTC.
3. The Net Unrealized Profit and Loss (NUPL) has once again entered the ‘Belief’ zone after briefly slipping into ‘Anxiety’ during the recent fall.
This is a strong sign that Bitcoin’s current prices could be a long-term higher low.
4. The Hash Ribbons Indicator has just churned out a buy signal thanks to a bullish crossover.
The short-term hash rate trend has just moved above the longer-term average, showing that miners are confident that Bitcoin’s price is going to increase in the near future.
Having pointed out the general direction Bitcoin is expected to follow next, we’d like to mention three presale meme coins that you should consider purchasing to make the most of the next $BTC rally. 1. BTC Bull Token ($BTCBULL) – The Best New Meme Coin on Presale Right Now
With the Bitcoin bull market currently in accumulation, we have on our hands what smart money refers to as the perfect time to buy long-term assets.
While directly buying Bitcoin could be a good decision, consider becoming an investor in BTC Bull Token ($BTCBULL) if you want to maximize your earnings. Because BTC Bull Token gives out free $BTC every time the OG crypto surges past a new milestone (such as $150K, $200K, and $250K), the token’s price will rise alongside Bitcoin’s.
Keep in mind, though, that you must hold $BTCBULL tokens in Best Wallet to qualify for automatic Bitcoin airdrops from BTC Bull Token.
Additionally, the $BTCBULL team plans to get rid of a part of the total token supply at regular intervals. This will ensure there’s always enough demand for $BTCBULL and that its price follows an upward trajectory.
The best crypto to buy now for Bitcoin maximalists, BTC Bull Token is currently in presale. It has raised over $4.2M at the time of writing, and it’s just over a month old.
You can grab one token for just $0.002435 if you get in now. For more info, here’s a step-by-step guide on how to buy $BTCBULL. 2. MIND of Pepe ($MIND) – Top AI Agent Coin Revolutionizing Crypto Investing
If you’re looking for a reliable ally to help you hunt down the best altcoins, try MIND of Pepe ($MIND).
It’s a revolutionary AI agent coin equipped with state-of-the-art hive-mind intelligence that will help you build a rock-solid crypto portfolio capable of outperforming the average market returns. Essentially, it will interact with the crypto community on online forums, like dApps and X, understand all that’s being said about crypto and the numerous tokens therein, and finally separate the wheat from the chaff.
$MIND token holders will be the only ones who get this AI’s exclusive market insights and token recommendations.
Interestingly, down the line, they’ll also be rewarded with early-bird access to cryptos created by $MIND firsthand.
The MIND of Pepe presale is currently ongoing and has so far amassed over $7.7M. Each token is currently available for just $0.0036234, which is the cheapest you’ll ever get it for. Here’s how to buy $MIND. 3. Lightchain AI ($LCAI) – AI Crypto Project Currently in Presale
Lightchain AI is one of the most anticipated projects, seeing as it plans to combine the superpowers of artificial intelligence and blockchain technology.
Simply put, it will use AI to create blockchains that are smarter and more secure than the ones that came before them.
Owning $LCAI, the project’s native cryptocurrency, will also give you the power to vote on the future of Lightchain AI.
Luckily for you, this fantastic and unique community-driven AI-crypto partnership is still in its presale, which is why it’s available for a low price of $0.007125 per token.
Put together, the project has raised more than $18.6M, meaning it’s easily among the best crypto presales right now. Bottom Line
Although Bitcoin’s positive outlook is undeniable, it’s worth remembering that no amount of analysis can guarantee a certain outcome. At the end of the day, the market does what it wants to.
The ability to deal with uncertainty is at the heart of investing, especially in crypto. This is why we recommend only investing a small amount.
Additionally, you must always do your own research before investing. None of our guides are a substitute for professional financial advice.