In 2010, Bitcoin was worth pennies. A year later it reached $20. In six years it reached $17,000, and today it exceeds $110,000 after reaching an all-time high of $123,000 in July.
Historically, those who invested in Bitcoin at launch would have achieved an ROI of 188,643,000%. Major companies such as Mastercard, JP Morgan and many of the S&P 500 are buying Bitcoin en masse. There has never been anything like Bitcoin, and investors are starting to realize this.
However, by modern standards, Bitcoin has become ‘old’: no dApps, no smart contract and virtually no opportunity to create a DeFi. Bitcoin is undoubtedly a revolutionary technology, but it has structural limitations because it is not Turing Complete like Ethereum. And this is exactly where Bitcoin Hyper ($HYPER) comes into the picture with its Layer-2 technology.
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Bitcoin technical analysis today
After falling over 2.5% yesterday, Bitcoin is up 1% today. We could see a healthy rally after a 16% rally in the last two weeks.
That said, even after yesterday’s correction, Bitcoin’s daily chart has not yet reached the 10 EMA, which suggests that it could be ideal if the token corrects a bit more, perhaps towards the 20 EMA.
Overall, even if we see a deeper correction down to around $118,000 – the last major resistance level before record highs – there would be no cause for concern.
Such a move would simply indicate that Bitcoin is gaining strength ahead of another rally to new highs.
Bitcoin is indeed used to explosive movements. Furthermore, now that we have already found support at the 50 EMA on the 4-hour chart, don’t be surprised if we see a new all-time high in the coming hours.
Analysts: Maturing Market Favors Top Assets and Bitcoin Hyper Presale
According to top crypto analysts interviewed by Decrypt: the sector is maturing and now favors top assets such as Bitcoin ($BTC) and Ethereum ($ETH), with real utility.
Some popular altcoins like Dogecoin ($DOGE), Chainlink ($LINK), and Sui ($SUI) have not grown as strongly as $BTC and $ETH in recent weeks.
These statements are also positive for projects like Bitcoin Hyper ($HYPER), which have a solid use case.
The token presale aims to develop a Layer-2 network to make Bitcoin transactions faster and cheaper, expanding the usefulness of $BTC for staking and interacting with dApps.
Investors responded positively to the sale, which has already raised more than $22.6 million.
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