In a recent report, a crypto expert provided a comprehensive analysis of Bitcoin (BTC), the pioneer cryptocurrency developed by Satoshi, about its latest performance and shared his price prediction of the asset for the near term. Also, Borroe Finance ($ROE) rallied as demand forces grew more potent in the market.
Let’s delve deeper into the outlook of these top crypto coins.
Renowned Bitcoin Analyst Foresees A Rally To $52,000
On February 11, Doctor Profit, a popular crypto user and analyst, released a comprehensive Sunday report in which he gave a detailed analysis of Bitcoin’s recent price actions and a forecast of its possible price levels for the immediate future. The report highlights technical factors, market sentiments, and fundamentals that could drive the price of BTC up. Significantly, all pointed to a bullish future for BTC.
On the technical front, Doctor Profit noted that Bitcoin (BTC) flipped into a bullish mode after breaking above the 50-day MA, 100-day MA, and 50-day EMA. This move laid the groundwork for Bitcoin’s ascension to the $48,000 region as he had earlier predicted. Expecting a continuation of this price movement, he perceives Bitcoin (BTC) will hit $52,000 in the days ahead.
Furthermore, he highlighted an improvement in the monthly Supertrend, which turned bullish for the first time since 2019. According to him, breaking above $48,000 has ushered Bitcoin (BTC) into the third phase of the bull cycle. Doctor Profit also highlighted two significant events that could impact the price of Bitcoin (BTC) in the coming days: the CPI and PPI data release.
At the time of his prediction, Bitcoin (BTC) has risen from $42,582 to $50,070 between February 2 and February 13. Based on the current price of BTC, hitting $52,000 will require an 3.85% increase in its price. This prediction makes Bitcoin (BTC) a good crypto to buy for short-term profit.
Borroe Finance Rises As Demand Increases
Recently, the demand for Borroe Finance ($ROE) went through the roof, with buyers accumulating over $2.8 million of the token. This increased purchase is triggered by the presale projection of $ROE, which hinted at a 300% profit potential for early investors. As a result, buyers are aping into the project as early as possible to benefit from this surge before the end of $ROE’s presale.
Borroe Finance is a blockchain project that adopted AI solutions to address specific challenges in the Web3 diaspora. These challenges encompass revenue generation, fundraising, and NFT trading. Specifically, Borroe Finance is a funding marketplace where future earnings can be traded for immediate cash to raise money.
The project aligns its vision with the principles of Web3, which include transparency, inclusivity, and decentralization. Its dApps contain nifty solutions to keep the project relevant in the long run. These include CrossFi, and a liquidity pool, to name a few.
As for Borroe Finance’s presale, $ROE has made investors 90% of their initial capital, contributing to its widespread adoption. Notably, Borroe Finance ($ROE) rose from $0.010 to $0.019, indicating an 90% increase in its market value. Trading in the fourth stage of its presale, $ROE prepares for another 110.5% jump to $0.040 before listing on exchanges.
Learn more about Borroe Finance ($ROE) here:
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