Bitcoin Price Prediction: BTC Soars 7%, But Analysts Say This Might Be The Next 100X Crypto

The
Bitcoin
price
surged
7%
in
the
last
24
hours
to
trade
at

$61,031
as
of
5
a.m.
EST
on
trading
volume
that
went
up
9%
to
$43.5
billion.

The
world’s
first
and
oldest
cryptocurrency
is
still
about
5%
down
on
the
weekly
chart,
meaning
that
the
recovery
seen
in
the
last
four
days
was
not
enough
for
BTC
to
make
up
for
the
losses
seen
before
that.
However,
the
coin
has
still
seen
a
100%
price
increase
in
the
last
12
months,
even
though
it
is
far
from
its
ATH
at
the
moment.

Bitcoin
Price
Prediction

Bitcoin
saw
a
strong
surge
in
the
last
24
hours,
which
managed
to
bring
it
back
above
the
$60K
mark,
but
the
coin
lost
its
momentum
after
approaching
the
$62K
barrier
earlier.
Since
then,
it
spent
about
12
hours
trading
sideways
with
small
fluctuations.

However,
traders
who
are
interested
to
know
what
will
happen
next
should
consider
technical
indicators
such
as
Bollinger
Bands,
which
are
currently
fairly
narrow.
This
could
be
a
bearish
signal
in
and
of
itself.
But,
while
the
bands
remain
narrow,
the
Bitcoin
price
has
been
trying
to
push
the
higher
band
further
up,
and
it
would
often
fluctuate
between
this
band
and
the
central
zone
between
the
two
bands,
rarely
going
to
the
lower
one.

This
itself
looks
promising,
especially
when
coupled
with
the
crypto’s
Relative
Strength
Index
(RSI).

The
RSI
value
has
been
going
to
the
edges
of
the
neutral
zone
in
the
last
12
hours
as
well,
although
it
would
sometimes
sink
to
the
oversold
zone.
This
suggests
that
traders
have
been
very
cautious
when
it
comes
to
buying,
and
very
quick
to
sell.
All
of
this
points
at
great
uncertainty
in
the
market
right
now,
as
many
seem
to
expect
a
new
bearish
wave
to
push
BTC
below
the
$60K
mark,
and
that
may
very
well
happen.

What’s
more,
the
coin’s
RSI
also
saw
two
spikes
toward
the
overbought
zone
in
the
last
few
hours.
It
did
not
reach
it,
but
it
shows
that
traders
are
getting
more
relaxed.
This
level
of
calm
will
likely
increase
in
time
if
the
coin
manages
to
maintain
its
current
level.
The
optimism
is
also
slowly
building
up,
and
that
alone
could
help
BTC
go
back
to
the
$62K
mark.
BTC
might
even
rise
above
this
point
over
the
weekend.

Promising
Alternative
To
Bitcoin

Right
now,
Bitcoin
continues
to
struggle
to
remain
above
the
$60K
mark,
and
while
there
is
reason
to
believe
that
the
coin
will
go
up
shortly,
many
are
looking
for
other,
less
risky
opportunities.
Bitcoin
is
a
high-risk,
high-reward
type
of
investment,
but
projects
like

Base
Dawgz
(DAWGZ)
have
a
chance
at
being
much
more
rewarding
while
being
accompanied
by
significantly
lower
risk.

Base
Dawgz
is
one
of
the
newer
meme
coins,
which
already
makes
it
an
investment
worth
considering,
given
that
the
meme
coin
sector
exploded
in
2024
more
than
ever
before.
However,
Base
Dawgz’s
potential
goes
far
beyond
that.

Developed
on
the
Base
blockchain,
DAWGZ
was
designed
to
run
on
five
different
blockchains
simultaneously
after
its
ICO
ends
and
the
project
launches.
These
networks
include
its
native
Base
chain,
as
well
as
Avalanche,
Ethereum,
Solana,
and
BSC.

In
other
words,
five
of
the
largest
and
busiest
chains
in
the
industry
will
all
be
connected
through
DAWGZ,
which
will
be
able
to
provide
true
interoperability.

This
will
be
possible
thanks
to
the
project’s
use
of
Portal
Bridge
and
Wormhole
technologies,
which
will
enable
the
seamless
transfer
of
funds
from
chain
to
chain,
without
needing
wrapped
tokens,
stablecoins,
or
required
investors
to
convert
one
token
to
another.

As
such,
DAWGZ
will
be
able
to
unlock
the
full
potential
of
all
five
chains
and
let
you
access
any
opportunity
on
any
of
them
at
any
time.

Congrats
on
passing
2.8
million

$DAWGZ
????

We’re
getting
closer.
And
hopefully
we
can
give
you
an
update
next
week
????

pic.twitter.com/mRvjOMwD6F

—
Base
Dawgz
(@BaseDawgz)

August
3,
2024

This
is
why
its

presale
has
been
a
major
success,
raising
over
$2.85
million
as
of
the
time
of
writing,
and
why
major
crypto
experts,
such
as
YouTuber
ClayBro,
believe
it
has
a
massive
chance
to
blow
up
and
even
challenge
projects
like
Shiba
Inu.

You
can
join
Base
Dawgz
right
now
by
purchasing
its
DAWGZ
token
for
$0.007414
using
either
USDT,
USDC,
ETH,
BUSD,
BNB,
SOL,
or
AVAX.

Visit
DAWGZ’s
official
website.

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