Investor panic, weak course & regulatory pressure - can Bitcoin still be saved?

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Two of the world’s largest crypto exchanges are being sued by the US Securities and Exchange Commission. Bitcoin and numerous altcoins such as Cardano (ADA), Ripples XRP (XRP) or Solana (SOL) are under enormous pressure as a result, analysts fear a new downward trend. The market researchers from Glassnode even talk about a “tipping point”: Will Bitcoin succeed in preventing the coming crash and thus the start of a multi-year bear market?

Will Bitcoin become worthless?

He gave everything, in the end it wasn’t enough: After the amazing run from around $16,500 to almost $30,500, it looks like Bitcoin (BTC) is not out of breath. -April.

The last hopes of a bull run that will drive the number 1 cryptocurrency by market capitalization to new all-time highs in 2023 are slowly fading. The US Securities and Exchange Commission is increasing the pressure, suing Binance and Coinbase, two of the largest crypto exchanges. This is potentially bearish for America, the largest cryptocurrency market in the world.

The result: Investors are panicking or in shock, the Crypto Fear & Greed Index shows “fear”. The crypto market research company Glassnode talks about a “tipping point” for BTC as long as Bitcoin is at the current price level:

“The market remains at an inflection point as the bitcoin spot rate continues to oscillate uncertainly around the near-term cost base of holders.”

The market is still at a decision point as the #Bitcoin Spot price continues to oscillate uncertainly around the basis of Short-Term Holders’ Costs.
A retest and a strong bounce from the cost base would indicate significant strength in the normal trend, with a decisive break… pic.twitter.com/OWSMJFcjkz
— glassnode (@glassnode) June 10, 2023

A retracement and sharp bounce above the cost base, Glassnode said, would provide significant strength in the prevailing trend. A decisive break below the cost floor, on the other hand, indicates weakness in the current market. Bitcoin is currently trading at $26,066 after a 0.93% rise in the last 24 hours (data from Coinmarketcap.com).

In short: The next strong move should be forward for the trend. However: chain trackers are watching whales transfer huge amounts of BTC to crypto exchanges. This raises fears of a crash, as such transactions usually occur to initiate a sale, as Lookonchain says:

“BTC whale deposited 1,800 $BTC ($46.7M) on Binance 30 minutes ago.
This whale started collecting $BTC on January 11 and withdrew a total of $5,867 BTC ($162 million) from Binance, with an average withdrawal price of $27,702.
Will he dump $BTC at a loss?”

A #BTC 1,800 hoarded whales $BTC($46.7M) to #binance 30 minutes ago.
This whale began to accumulate $BTC on January 11, and a total of 5,867 were withdrawn $BTC ($162M) from #binancewith an average withdrawal price of $27,702.
Will he dump $BTC on losing? https://t.co/usYqXdTSQd pic.twitter.com/lJKhjRydSG
— Lookonchain (@lookonchain) June 12, 2023

A tip for investors looking for new coins for investment: According to current forecasts, the brand new meme generator AiDoge (AI) offers a better risk-return ratio. The cryptocurrency is based on artificial intelligence (AI) and generates high-quality memes through text input – with this concept alone, the project was able to collect more than $14 million in pre-sale capital from investors. Was it worth starting?

AiDoge – the next Pepe Coin (PEPE)?

AiDoge (AI) aims to revolutionize the meme and crypto world and create a dynamic platform for crypto investors and enthusiasts. And in contrast to Bitcoin (BTC), which has probably already seen the biggest price increases, AiDoge (AI) offers a huge potential for returns – because AiDoge scores several advantages:

AiDoge is an AI-powered meme generator that creates relevant memes based on text-based user input. AiDoge uses the most advanced AI algorithms to ensure high quality and up-to-date memes. The project is technologically advanced.
AiDoge has a community factor: the platform offers a public wall where users can view and share AI-generated memes. The wall also includes filtering and sorting options that allow users to browse memes based on criteria such as popularity, freshness, or specific topics.
AiDoge (AI) has massive scalability and high security: The project runs on the Ethereum blockchain and has been audited by SolidProof.

The price forecasts are also good for investors: They believe that at least 10x, ideally even 100x is possible, ie a tenfold or percent increase in value! Anyone who gets in now improves their chances in this regard, because: AiDoge will not be listed on crypto exchanges until June 19th.

In short: AiDoge (AI) is an exciting and innovative project that explores the limits of what is possible in the crypto sector and has the potential for future price explosions.

Here for the AI DOGE Presale

Last updated on June 13, 2023