Bitcoin (BTC) gained bullish momentum on Monday after a bearish weekend, breaking through the $69,000 mark. As of writing, BTC is up 1.3% over the past 24 hours and is trading at $69,080, while the BlockDAG network has just released its second reveal video, its presale has surged to over $40 million, and analysts believe this is just the beginning for this new technology, which is being hailed as a “global crypto sensation.”
Bitcoin: Bullish Momentum and Peter Brandt’s Predictions
Bitcoin (BTC) gained significant bullish momentum on Monday, surpassing the $69,000 mark after a bearish weekend. As of writing, BTC is up 1.3% in the past 24 hours and is trading at $69,080. Its market cap has exceeded $1.35 trillion, with a daily trading volume of $22.7 billion. The rally was triggered by a large number of investments in the Bitcoin ecosystem, including Paradigm raising $70 million for Bitcoin Proof of Stake protocol Babylon. Tether also invested up to $150 million in Bitdeer shares, further fueling Bitcoin's bull trend.
Well-known trader Peter Brandt predicts that the price of Bitcoin could reach $150,000 in this market cycle, noting that the highs of Bitcoin's previous two cycles coincided well with an inverted parabolic curve. However, Brandt also warned that his analysis method is not infallible and advised traders to proceed with caution. He added that there is a 25% probability that Bitcoin has reached the peak of this cycle, and suggested that if Bitcoin fails to achieve a new all-time high and falls below $55,000, the probability of "exponential decay" should be increased.
As of this writing, Bitcoin is trading at $69,000, down slightly by 0.2% over the past 24 hours and more than 6% from its current all-time high of $73,737. According to cryptocurrency trader Jack Ujastik, Bitcoin's current price action is similar to that of early 2017, indicating the potential for further gains. Ever-bullish Tom Lee and other big names in the crypto analysis space have also said that Bitcoin prices are expected to soar to $150,000 this year and could exceed $250,000 by 2025.
BlockDAG Network: Global Crypto Sensing
The BlockDAG Network has already achieved global success with the release of its second reveal-all themed video, “From the Moon.” On social media platforms such as Twitter and YouTube, analysts and crypto influencers have dubbed the BlockDAG Network “global crypto sensation.” The project’s presale recently attracted a large number of whale investments, quickly reaching over $40 million in funding, a record for any cryptocurrency or digital asset project. This funding surge reflects the interest in the BlockDAG Network as a new store of value and pass-through income generator, similar to the original cryptocurrency Bitcoin.
A major highlight for the BlockDAG network was the release of the X1 Miner app on the Apple and Google stores. This app is a groundbreaking game changer that enables almost anyone around the world to earn additional passive income from anywhere in the world through cryptocurrency and BDAG mining.
The BlockDAG Network’s official social media channels are flooded with hundreds of thousands of followers and daily global interactions, further solidifying its position as the global crypto sensation. The momentum behind the BlockDAG Network suggests that the $40 million raised is just the beginning of this revolutionary force that promises to make a significant impact in the digital financial markets.
The cryptocurrency market in general is experiencing significant developments, with Bitcoin’s bullish momentum pushing it above $69,000, and the BlockDAG network becoming a global hot topic with its successful presale of over $40 million.
As Bitcoin continues to attract massive investments and promising predictions from major analysts,
BlockDAG Network
With its innovative X1 Miner app and growing social media presence, it is making waves. These developments highlight the dynamic nature of the cryptocurrency market and the huge potential for future development of the digital asset class.
Read more about the BlockDAG presale:
website:
https://blockdag.network
Pre-sale:
https://purchase.blockdag.network
telegraph:
https://t.me/blockDAGnetworkOfficial
Discord:
https://discord.gg/Q7BxghMVyu
Disclaimer:
The information provided in this press release does not constitute a solicitation for investment and does not imply investment advice, financial advice or trading recommendations. You are strongly advised to perform due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.