Many people expected the long-awaited approval of spot Bitcoin ETFs to propel the world's largest cryptocurrency past its 2021 high of $69,000 and on to $100,000. This has not been the case, though. Bitcoin has fallen from its near-$49,000 peak attained shortly after the approval to below $40,000 in less than two weeks.So if spot ETF approval could not push Bitcoin to breach its previous all-time high, what will? When will it happen? Based on historical cycles in Bitcoin's price movements, it might be sooner than you expect—in November 2024.While Bitcoin seeks new heights, another cryptocurrency, Retik Finance (RETIK), is pursuing a more prestigious goal. According to analysts, RETIK has the potential to post a Shiba Inu-like rally in 2024, with its price rising from $0.09 to $30.If these two predictions come true, Bitcoin and Retik Finance could be the best crypto investments of 2024.
The current price of Bitcoin (BTC) is $39,860. BTC briefly rose to $48,941 following the approval of the first Bitcoin Spot ETFs in the United States. However, the development quickly proved to be a buy the rumour, sell the news event, with Bitcoin plummeting below a critical $40,000 level.
Predicting when Bitcoin will push above $69,000 with 100% certainty is impossible. However, we can use data from previous bull markets to identify patterns and generate ideas. Let us look at the bull markets in 2017 and 2021. Price action in these two bull cycles reveals an intriguing pattern. For instance, Bitcoin (BTC) reached an all-time high 29 months before the next halving event during both cycles. But this could simply be a coincidence.However, the two cycles share two more similarities. After reaching their peaks, both cycles were followed by 12-month bear markets in 2018 and 2022. In addition, Bitcoin broke its previous all-time high eight months after halving in 2017 and seven months in 2021. The 2024 Bitcoin halving event occurs in April. Assuming the pattern from 2017 and 2021 holds, Bitcoin could surpass $69,000 in November, seven months after this year's halving event. It's important to note that these predictions are speculative and should not be taken as financial advice. Bitcoin's price is influenced by various factors, including market demand, regulatory developments, and technological advancements.
Retik Finance (RETIK) has recently emerged as a top-seat contender in the cryptocurrency industry. With a $0.09 price in the 7th stage of its presale, analysts predict a 300x surge to $30 post-presale. Retik Finance is an Ethereum-based DeFi platform that aims to bridge the digital and traditional finance divide with its comprehensive suite of DeFi solutions.One notable feature of Retik Finance (RETIK) is its DeFi debit cards. The debit cards allow holders to spend their cryptocurrency anywhere in the world. Retik Finance has collaborated with Visa and Mastercard to enable seamless crypto-to-fiat conversion at the point of sale. This way, users can use the cards even at locations that do not accept crypto payments.Retik Finance (RETIK) also features a non-custodial multi chain wallet, a next-gen blockchain-based payment gateway, and an AI-powered P2P lending platform, among other traditional DeFi features.These unique provisions have drawn a large number of crypto enthusiasts to the project's ongoing presale. So far, the presale has raised over $14 million, making it one of the most successful presale performances in 2024. This indicates a strong belief in the project's potential to disrupt the financial landscape among the crypto community. Post-presale Retik Finance will be listed on top-tier centralised exchanges. This will bring more users and liquidity to the platform, increasing the token's value. A passionate community, innovative features, and a proven ability to attract funding all indicate a platform with a promising future.While accurately predicting the price of a cryptocurrency is impossible, Retik Finance has a lot of indicators of success, making a $30 price target by 2025 feasible. Its ongoing presale provides an excellent entry point into what could potentially be the next DeFi leader.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.