Bitcoin investors and traders look set to experience more pain in the coming days and weeks as the largest crypto coin on the market continues its bearish trend.
Already down more than 70% from its November 2021 all-time high, analysts are predicting a further downtrend in the coming months before a breakout in 2023.
One way investors have continued to find success is through finding good presale projects and investing early, with crypto signals and analytics platform Dash 2 Trade one such exciting new project – which secured nearly $2 million in its first three days after launch.
Bitcoin Bearish in the Short Term
Bitcoin (BTC) has been trading between $18k and $20k for nearly six weeks with the coin struggling to break resistance levels.
The continued sideways movement has come amid wider macroeconomic pain, with inflation, the Russian war in Ukraine, and the energy crisis in Europe, among a number of issues affecting the crypto markets.
While crypto – and Bitcoin especially – has long been considered and described as a hedge against inflation, BTC has so far struggled to truly decouple from traditional market forces.
With more economic pain forecast in the near future, many investors and analysts are predicting the price of Bitcoin to fall even further in the near future.
One such prominent analyst is Filbfilb, creator of the DecenTrader suite, who has forecast a $10k Bitcoin before the end of the year.
$9k-$10K is the likely bottom for #Bitcoin.
It is currently one of the strongest price support levels for #BTC .. Ever. pic.twitter.com/oXbWFLpi8N— PROFIT BLUE (@profit8lue) October 21, 2022
Earlier this month, he said: “As it stands, the price of Bitcoin is heavily correlated to the ‘legacy’ markets, in particular the NASDAQ, which we know is under huge pressure due to the Federal Reserve’s monetary policy.
“A lot rests on the winter and the dynamic with how Europe deals with the winter – I expect a bad winter dynamic to result in testing the previous volume range highs of $10,000–$11,000.”
Presales Outperform the Bear Market
Time and time again throughout the history of the space, the best crypto presale projects have allowed investors to outperform the bear market and give early investors high ROI.
Projects such as Tamadoge, STEPN, Sweat Economy, and Aptos are just some that have made huge gains from their presale price in 2022 – while the likes of Ethereum, Dogecoin, and many others have seen huge gains from their initial coin offering (ICO) price.
Furthermore, while investing in Bitcoin is still seen as one of the most low risk crypto investments, its potential for big returns is now limited.
Even if BTC has a huge breakout and reaches $100,000 in 2023, that would only mark a 5x from its current price.
Bitcoin Alternative – Dash 2 Trade Presale
One such high-potential crypto project is Dash 2 Trade, which sold out the first phase of its presale in just three days, securing $1.7 million of investment.
The protocol is a trading signals platform that aims to help crypto traders and investors maximize their earning potential by providing a range of metrics and tools.
That includes tracking on-chain data and social sentiment to spot trends and trading tools that allow users to optimize strategies in real-time without risking capital.
There is a max supply of 1 million D2T tokens – with 700 million available during nine presale phases.
Each presale phase sees a price increase and while stage 1 tokens were on sale at $0.0476, final stage tokens will sell for $0.0662 – a 39% increase.
Because of the low supply, it would take only a $1 billion market cap for D2T to reach $1.
That would mean an increase of 15x from the final presale price – a huge over-performance compared to Bitcoin.
Dash 2 Trade is also developing a bespoke tool to track and rank the best newest crypto presale projects.
The project itself is extremely low risk, having a fully doxxed team that has been KYC-verified by CoinSniper, and a smart contract audited by SolidProof.
The founders are the same team behind Learn2Trade, a beginners’ trading platform that has more than 70,000 global users.
