Recently, Bitcoin soared as high as the $48k level before experiencing a downtrend, causing panic in the crypto space. Now, crypto analyst Doctor Profit has weighed in on what is next for Bitcoin. Meanwhile, Chainlink and Pullix are up on the charts.
Interestingly, Pullix is a presale project, and analysts have tagged it as the best coin to invest in after raising more than $3.5million in a mere 5 weeks!
What is Next for Bitcoin (BTC)?
A crypto analyst, Doctor Profit, has discussed Bitcoin's future price movements. The analyst said Bitcoin's upcoming moves depend on the EMA50. He stressed the EMA50, noting that the market wick dipped below it but closed above it, indicating its resilience.
Also, Doctor Profit revealed Bitcoin's next price level if the EMA50 breaks. "Keep your eyes on EM50. Any breakout of EMA will send us to our target of 39.500 regions," he said. Due to the dump, he predicted greater price jumps in the following months.
He advised investors to avoid market traps since the "mother of all bull markets" is coming. According to CoinMarketCap, Bitcoin price trades between $41,753.68 and $48,494.62 on the weekly chart. While the token is down on the weekly chart, it is up 106.3% on the yearly price chart.
Chainlink (LINK) Price Surges After Stale Movement
After three months of price stagnation, Chainlink (LINK) bulls have woken up. Data from CoinMarketCap showed that the token's price has increased 16.4% in the past week.
The token moved from a weekly low of $13.41 to a peak of $15.98. Meanwhile, recent data show the rally could continue. Santiment, a crypto analytics tool, revealed that Chainlink's metrics look good. Santiment data revealed that Chainlink supply on trading platforms is decreasing.
According to the data, Chainlink's exchange supply is below 15% for the first time in four years. This lays the stage for a supply bottleneck that might boost Chainlink prices. To retest $20, the altcoin price must climb 26% from its current price level.
Pullix (PLX): Analyst Forecasts PLX To $0.1
In the last month, Pullix's (PLX) ERC20 token has outperformed almost 60% of the cryptocurrency market, rising 100%. This month will see the inauguration of the exchange, which will allow for more price increases. It's interesting how special and different this future exchange is.
To provide users with a positive trading experience, Pullix is a trading platform that combines the best features of both decentralized (DEX) and centralized (CEX) exchanges. It is well known for having an extensive selection of trade assets. Equities, commodities, indexes, cryptocurrencies, and currencies are a few examples.
With the help of these tools, customers can explore several financial markets using a single account. Pullix is distinct and uses PLX as its native token. A significant portion of its ecosystem is represented by this ERC20 token. Furthermore, Pullix has integrated copy trading powered by AI into its platform.
Pullix is integrating artificial intelligence technology to aid traders in replicating the trading activities of experienced professionals. Given their history of profitable transactions, users' best bet is to copy the trades of professionals. By imitating their trades, they can carry out more profitable trades and increase their earnings.
Each token of Pullix's PLX costs only $0.08. As predicted by market experts, the value of PLX will soon reach $1.00. For huge gains this year, PLX is the best coin to invest in. This is due to the potential price increase and the features its exchange offers.
According to Doctor Profit, the biggest market bull run is coming. Investors looking to benefit from the Bull but with low capital can go for the ERC20 token, PLX, which is priced at $0.08.
Apart from being a low-priced token, PLX has potential and is the native token of an upcoming exchange. Analysts have predicted PLX's altcoin price to skyrocket 100x after its launch and listing on top CEXs.
For more information regarding Pullix’s presale see links below: