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Based on a crypto analyst, the Bitcoin (BTC) worth chart is at present printing a bearish dying cross, signaling the potential for additional worth declines. Throughout this Bitcoin (BTC) downtrend, buyers can discover higher funding alternatives in a brand new ERC-20 token, ETFS, benefiting from ETFSwap’s ongoing presale to entry high-value ETFs and doubtlessly maximize earnings.
Bitcoin (BTC) Prints Bearish Demise Cross
On August 15, a crypto analyst recognized as ‘Mags’ on X (previously Twitter) uncovered a considerably foreboding technical sample within the BTC worth chart. Primarily based on Mags’ evaluation, Bitcoin has just lately printed a bearish dying cross on the each day chart, with the 50-day Shifting Common (MA) crossing under the 200-day MA.
The analyst indicated that this bearish dying cross indicators short-term weak spot within the Bitcoin market. He disclosed that this was the second bearish cross BTC has witnessed since its $15,500 worth backside.
Mags famous that the final bearish dying cross in September 2023 prompted Bitcoin to commerce sideways earlier than recovering above the transferring averages, triggering a bullish cross and a subsequent upside rally.
The analyst predicts that if this bearish cross sample repeats for Bitcoin’s present worth, then the market would possibly expertise a couple of weeks of “uneven worth motion.” Nonetheless, following this bearish interval, Mags believed that Bitcoin (BTC) may reclaim the transferring averages, and it was a powerful bullish cross.
Analysts Foresee Report-Breaking Highs For ETFSwap (ETFS) At The Finish Of Its Presale
With Bitcoin’s worth down, buyers have been readily diving into ETFSwap’s modern crypto ETF platform to reap the benefits of the in depth funding alternatives out there. Regardless of being an upcoming crypto mission, analysts are extremely bullish on ETFSwap’s future outlook, predicting record-breaking highs for its ERC-20 token, ETFS.
ETFS is the powerhouse of the ETFSwap ecosystem, constructed on the Ethereum blockchain. Investing on this token offers buyers entry to a variety of buying and selling advantages and funding alternatives on ETFSwap (ETFS).
The ETFSwap platform is designed to harness the ability of tokenization to supply customers entry to a various vary of institutional ETFs backed by real-world belongings. True to its identify, ETFSwap permits customers to ‘swap’ their cryptocurrency belongings for tokenized ETFs.
This platform affords customers a secure and dependable buying and selling surroundings, incorporating blockchain expertise by the assistance of MiCa-compliant regulatory funding banks.
Furthermore, ETFS prioritizes consumer privateness and safety; its sensible contracts have undergone a rigorous audit by CyberScope, a prime cybersecurity and blockchain audit firm. The ETFSwap (ETFS) workforce has additionally fulfilled the KYC verification necessities and procedures executed by SolidProof, a famend sensible contracts safety auditing agency.
Delving deep into the mechanics of ETFSwap, this platform affords a round the clock buying and selling service, empowering customers with superior buying and selling instruments and options equivalent to real-time market knowledge, high-level ETF buying and selling methods, and extra. ETFSwap (ETFS) additionally offers glorious ETF buying and selling suggestions and permits customers to earn as much as 10X on all trades and 50X on perpetual and choices buying and selling.
As the value of ETFS, ETFSwap’s ERC-20 token, will increase, buyers can doubtlessly maximize their returns by taking part in its ongoing presale. This present presale part presents a uncommon alternative for buyers to buy tokens at a extremely discounted worth of $0.01831.
With the value of every ETFS token projected to witness a mega rally to new all-time highs by the top of the continued presale, buyers are inspired to build up as many tokens as potential to reinforce their potential returns.
Be part of ETFSwap’s Presale To Safe Future Income
ETFSwap’s presale has already offered over 400 million tokens and raised greater than $3 million, underscoring buyers’ heightened demand and curiosity on this groundbreaking ERC-20 token. Don’t miss the possibility to hitch ETFSwap’s group of buyers and lock in future earnings earlier than the value of every token surges to $0.03846 within the subsequent presale stage.
For extra details about the ETFS Presale:
Go to ETFSwap Presale
Be part of The ETFSwap Neighborhood