Bitcoin Trends Sideways, But These Coins Are Poised To Raise Your Profits By 100%

Bitcoin is experiencing a period of relatively low volatility and has been trading sideways. Over the past 24 hours, Bitcoin price has increased by approximately 0.70%. At the time of writing, the token holds a price of just over $25,900.

While Bitcoin may not be making any significant movements currently, alternative tokens are available for investors who wish to explore other opportunities and potentially generate profits.

These alternative tokens include AiDoge, Wall Street Memes (WSM), and yPredict. They are currently generating substantial funds in their presales and intend that investors can leverage this opportunity to record gains upon launch. Regarding the future price trend of bitcoin, its past price action and some technical indicators can help predict the coin’s possible move shortly.

Bitcoin Price Trend

Since the first day of June, the Bitcoin price has experienced a predominantly bearish trend, characterized by price drops and a lack of significant recovery.

Bitcoin opened at $27,218. However, the next day, it dropped to $26,824, indicating a slight decline in value. Although it briefly regained the $27,000 price range, the asset couldn’t sustain the gain for an extended period.

Over the next four days, from June 3 to June 7, Bitcoin managed to maintain its price around the $27,000 range. On June 8, the Bitcoin price experienced another decline, dropping into the $26,000 price range again. The price remained in the $26,000 range for the following two days, June 9 and June 10, indicating a prolonged period of bearish pressure on Bitcoin.

As of yesterday, June 11, the token dipped further, reaching the $25,000 range, representing a continued downward trend, with the price falling even lower than previous levels. Currently, Bitcoin is trading at around $25,900, indicating that the bearish sentiment persists, given that the price has not managed to break out of this lower range.

Bitcoin’s Price Prediction

Bitcoin
Source: Tradingview.com

Based on the data from some technical indicators, the future price of Bitcoin appears to have a bearish outlook in the interim. First, bitcoin is trading below the 50-day Moving Average (MA). The indicator is used to gauge short-term trends, and a price below it suggests a potential bearish signal.

The MACD (Moving Average Convergence Divergence) is a popular trend-following momentum indicator.  In this case, since the MACD line is currently below the signal line, it suggests a potential continuation of the bearish momentum in the short term. Finally, the Relative Strength Index (RSI), which measures the speed and change of price movements, currently stands at 42.72, below the neutral levels.

It indicates that the current price momentum for Bitcoin is relatively weak and tilted toward the bearish side. Bitcoin trades above the 200-day Moving Average, often seen as a measure of long-term market trends.

Considering that Bitcoin remains above this level, there may still be some underlying support indicating that the long-term trend is not as bearish as the short-term trend.

Alternatives To Bitcoin – AiDoge, Wall Street Memes, And yPredict

AiDoge (AI)

Bitcoin

>>>Buy AiDoge Now

AiDoge introduces an innovative feature called Meme-2-Earn (M2E), which merges the worlds of memes and cryptocurrency. This feature allows users to create and share memes and earn rewards for their contributions.

It presents an exciting opportunity for meme enthusiasts and crypto enthusiasts alike to actively engage with the platform and potentially generate income through their creative efforts. Meanwhile, the final phase of the token’s presale is currently underway, marking a critical stage in its initial offering.

During this phase, investors can purchase AiDoge tokens before they are publicly listed. Each token is valued at $0.0000336, which also serves as the listing price for the token. The AiDoge team has positioned the presale as an essential step towards realizing their vision of revolutionizing the meme coin space.

— aidogecrypto (@aidogecrypto) May 10, 2023

By combining cutting-edge AI technology with the ever-popular meme culture, AiDoge aims to create a unique platform that enables users to generate high-quality memes through AI assistance.

Wall Street Memes (WSM)

Bitcoin

>>>Buy Wall Street Memes Now

The creators behind Wall Street Memes have a proven track record, demonstrated by their successful organization of the Wall St Bulls NFT collection, which sold out within 32 minutes in 2022.

The news about their commitment to Wall Street Memes is contributing to the excitement in the digital asset community. The Wall Street Memes ($WSM) presale is gaining significant attention among crypto investors.

Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂

We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥

Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ

— Wall Street Memes (@wallstmemes) May 27, 2023

Meme Coin enthusiasts believe that the meme coin will follow the trend and possess the characteristics of the known PEPE token. It is a good alternative investment option within the meme coin community. The current presale stage has already accumulated over $6.2 million; each token goes for $0.0283.

yPredict (YPRED)

Bitcoin

>>>Buy YPRED Now

yPredict (YPRED) emerged as a convincing alternative to Bitcoin in the cryptocurrency market. With its unique features and capabilities, yPredict has gained attention as a promising investment opportunity. Unlike Bitcoin, yPredict operates as an AI-driven trading toolkit that utilizes innovative technology to deliver superior results.

🌐 Explore yPredict: A premier tool for the next generation of crypto investors, offering cutting-edge technologies and doxed professional teams.

💡 Why Invest in yPredict? Here are some compelling reasons from @CilinixCrypto on YouTube:

1️⃣ Amazing Platform: Experience the… pic.twitter.com/6CxKBi7t44

— yPredict.ai (@yPredict_ai) June 9, 2023

This innovative approach sets it apart from traditional cryptocurrencies and positions it as a valuable option for investors seeking diversification. During its presale phase, yPredict has achieved remarkable success by generating substantial funding.

The presale has attracted significant demand, resulting in fast sales and an impressive fundraising amount that exceeds $2.2 million.  This solid financial support reflects the confidence and enthusiasm of investors in the potential of yPredict.

Investing in yPredict during the presale offers a unique advantage. The current stage offers YPRED tokens at $0.09 per token. However, the subsequent step is anticipated to record a significant price surge of 28.57%, with each token valued at $0.1.

Furthermore, YPRED price is expected to reach $0.12 by the end of the presale stage, suggesting the potential for substantial returns for early investors.

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