Bitcoin witnessed one of its most dramatic crashes on October 10, but the path to recovery might already be open.
According to CrypNuevo, Bitcoin is ready to return to its pre-crash territory. The analyst’s latest Bitcoin Monday Update outlines a roadmap that identifies key liquidity zones critical to the coin’s recovery.
Notably, $BTC could target $121K in the coming days – a zone anchored in two liquidity pools formed after the crash and the following liquidations.
However, he warns that Bitcoin might need to revisit the weekend’s CME gap around $112K before attempting a recovery toward $121K.
With the price already back at $114K, it wouldn’t be long before $BTC sets another all-time high.
Aware of this, companies like Strategy and American Corporation have been adding more Bitcoin to their treasuries.
Market Sentiment Boosted by Trade Discussions and Fed Policy
The recent recovery has a lot to do with US President Trump’s upcoming meeting with China’s Xi Jinping to discuss trade relations. The announcement has sparked optimism across global markets, which have remained tense since the US government shutdown.
In addition, the Federal Reserve’s policy meeting on October 29th is expected to result in another rate cut, potentially boosting crypto sentiment.
While Bitcoin is climbing its way back, gold has slipped 6% from its all-time high recorded on October 18. This trend suggests that investors may be liquidating gold, with some ready to stock up on Bitcoin as it recovers, strengthening long-term conviction in the crypto market.
However, macro analyst Lyn Alden points out that Bitcoin’s competition lies with equities, not gold. While gold is a static hedge that just sits and preserves value instead of actively generating returns, Bitcoin is more than just a store of wealth.
Because of its technological foundation, the asset’s growth is rooted in blockchain innovation and fintech integration.
For the same reason, portfolio managers are increasingly drawn to Bitcoin over gold. Projects committed to strengthening Bitcoin’s technological foundation and ecosystem expansion, in particular, are growing popular among small retail investors.
Bitcoin Hyper – the upcoming Layer-2 solution that sets out to bring more speed and programmability to the Bitcoin network – is a good example of the trend.
Bitcoin Hyper Crosses $25M in Viral Presale – The Next Crypto to Explode?
Bitcoin Hyper ($HYPER) just smashed through $25M in its viral token presale.
Despite the market turbulence, the presale has been steadily progressing, with some whales gobbling up $HYPER tokens worth as much as $379.9K, $274K, and $161.3K in one go.
Bitcoin might be one of the most secure blockchains out there, but when it comes to speed and efficiency, it’s painfully outdated. The blockchain is also surprisingly limited in functionality, considering $BTC’s wide popularity.
Bitcoin Hyper is on a mission to address these shortcomings.
To begin with, the L2 brings Solana-grade speed to Bitcoin through Solana’s Virtual Machine (SVM), drastically reducing transaction fees to near-zero. SVM integration also allows developers to build a wide range of dApps on the Bitcoin sidechain, and potentially expand $BTC’s organic demand.
And Bitcoin Hyper’s noncustodial canonical bridge allows users to lock $BTC on the base layer for a wrapped version that can be used across different decentralized applications.
Since the transactions are periodically settled on the base layer using ZK Proofs, security is not compromised at any stage on the L2.
Visit Bitcoin Hyper for more L2 details.
While the market is crowded with new cryptocurrencies and shallow promises, Bitcoin Hyper stands out with its commitment to product development and regular dev updates.
In other words, it’s not just a visionary concept on paper.
As for the $HYPER token, smart contract audits by Coinsult and Spywolf further confirm that the code is free from critical vulnerabilities, giving this crypto presale another vote of confidence.
Is It Too Late to Buy $HYPER?
The $HYPER presale has been booming for a while but no, it’s not too late to buy $HYPER. The token price is still low at $0.013185.
Investors can also opt to stake their tokens for additional rewards during the holding period. Currently, the staking APY is sitting at 47%, although the rewards will decline as more investors grab the opportunity.
Visit the Bitcoin Hyper presale to join.