Quick facts:
1️⃣ Bitcoin has been struggling to defend $110,000 since the October 10 deleveraging event, but the price correction is short-term, says Grok AI.
2️⃣ Once $BTC breaks the resistance at $110,000 and then $115,000, the path will be clear for further increases before the end of the year, potentially setting a new all-time high in November.
3️⃣ But Bitcoin’s upcoming Layer-2 solution, Bitcoin Hyper, offers a smarter bet, if increasing pre-sale FOMO is any sign.
Grok has high hopes for Bitcoin, despite the recent price correction that pushed the coin below $110,000.
Taking advantage of the turning-green macroeconomic backdrop, $BTC has its sights set on a steady rise in the coming weeks. The recently announced Fed interest rate cuts and the easing of trade tensions between the US and China could push the cryptocurrency forward, as more capital flows into the market.
Here is a summary of Grok’s short-term Bitcoin price prediction:
With no major macroeconomic shocks in sight, Bitcoin is expected to recover soon.
The signs are already here. On-chain data shows that whales are hoarding Bitcoin unfazed by market volatility, while companies like Strategy and American corporation Continue buying the dip.
According to Grok, Bitcoin will increasingly be seen as a strategic asset, not only by companies, but also by governments.
While metals like gold are static stores of value, Bitcoin generates value through blockchain innovation and crypto-fintech integrations. Macroeconomists like Lyn Alden shares this perspectivedescribing $BTC as gold with the upside of a tech stock.
However, based on past patterns, declines are also expected in the short term. This year, five of the six FOMC meetings coincided with Bitcoin declines, while only one led to a rally, as crypto analyst Ali Martinez noted in a recent post.
For investors who understand Bitcoin’s long-term potential, the current dip is an excellent window to buy.
Grok also recommends investing in infrastructure currencies that could play a crucial role in the future of Bitcoin. Hyper Bitcoin ($HIPER)for example, it is creating a Layer 2 solution to bring more speed and programmability to the Bitcoin network.
Strategic investors have flooded their pre-sales into native tokens, with whales gobbling up the value of the tokens. $379.9K, $274Kand $161.3 thousand in one go, already surpassing the mark of 25.3 million dollars.
Is Bitcoin Hyper ($HYPER) the next cryptocurrency to explode?
One of the major cryptocurrencies that could take off before the end of the year, along with Bitcoin, is the native Bitcoin Hyper token, $HYPER.
In fact, our Bitcoin Hyper price prediction sees the token outperforming Bitcoin and Ethereum this season thanks to the high market relevance of its underlying technology.
The low pre-sale price ($0.013195) and high staking rewards (46%) currently offered have also been compelling factors driving the pre-sale.
Once the token hits exchanges after its next 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 facing cryptocurrency users today: the limited speed and functionality of the Bitcoin blockchain.
Wearing The Solana virtual machine and a non-custodial Canonical BridgeBitcoin Hyper’s layer 2 solution could make transactions on the Bitcoin blockchain much faster and cheaper.
That’s not all. SVM integration allows users to build dApps on top of the Bitcoin blockchain, opening avenues into DeFi, gaming, NFTs, and much more.
But none of these functionalities compromise Bitcoin’s well-established security and transparency, as transactions are periodically settled at the base layer using ZK Proofs. The token has also completed extensive smart contract audits by Co-consult and spy wolf.
However, the current pre-sale window is about to close and the next price increase is only one day away.
Join the $HYPER Pre-Sale Now to Unlock Early Deals.
But, as always, do your own research before investing in cryptocurrencies. This is not financial advice.
Written by Bogdan Patru: https://bitcoinist.com/bitcoin-price-prediction-from-grok-as-hyper-presale-hits-25-3m
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