Quick Facts:
1️⃣ Bitcoin has been struggling to defend $110K since the deleveraging event of Oct 10, but the price correction is short-term, says Grok AI.
2️⃣ Once $BTC breaks the resistance at $110K and then at $115K, the path will clear for bigger surges before the year’s end, potentially setting a new all-time high in November.
3️⃣ But Bitcoin’s upcoming Layer-2 solution Bitcoin Hyper offers a smarter bet, if the growing presale FOMO is any sign.
Grok has high hopes for Bitcoin, despite the recent price correction that pushed the coin below $110K.
Tapping into the macroeconomic backdrop turning green, $BTC has its eyes set on a steady climb over the coming weeks. The recently announced Fed interest rate cuts and easing trade tensions between the US and China could propel the crypto forward, as more capital flows into the market.
Here’s a summary of Grok’s short-term Bitcoin price prediction:
With no major macro shocks in sight, Bitcoin is expected to rebound soon.
According to Grok, Bitcoin will be increasingly seen as a strategic asset, not just by companies, but also by governments.
However, based on past patterns, short-term dips are also on the cards. This year, five of the six FOMC meetings have coincided with Bitcoin downturns, while only one has led to a rally, as crypto analyst Ali Martinez pointed out in a recent post.
For investors who understand Bitcoin’s long-term potential, the ongoing dip is an excellent window to buy in.
A top crypto that could take off before year-end, along with Bitcoin, is Bitcoin Hyper’s native token $HYPER.
The low presale price ($0.013195) and high staking rewards (46%) currently on offer have also been compelling factors, driving traction to the presale.
Once the token hits the exchanges after its upcoming TGE, the market will decide its price, and waiting until then to buy the token could prove to be a costly mistake.
Bitcoin Hyper will solve one of the most critical problems faced by crypto users today – the Bitcoin blockchain’s limited speed and functionality.
That’s not all. SVM integration allows users to build dApps on top of the Bitcoin blockchain, opening up avenues in DeFi, gaming, NFTs, and much more.
However, the current presale window is about to close, and the next price surge is only a day away.
But as always, do your own research before investing in crypto. This is not financial advice.
