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Historically, the Bitcoin price has seen significant bullish action in October, and investors believed this would also be true for this year. However, Bitcoin (BTC) has been majorly bearish by far. This might be due to the impact of the war between Israel and Iran on the markets.
Also, recently, there have been reports of crypto whales purchasing over $100 million worth of Dogecoin (DOGE), which has left retail investors uncertain about market conditions. This has led investors to seek new projects that could provide opportunities for impressive gains.
Analysts suggest that a new real-world asset token, PropiChain (PCHAIN), may surpass the monstrous returns Dogecoin (DOGE) gave its early investors.
Currently, Bitcoin (BTC) is priced at $62,079.09. The Bitcoin (BTC) price has gained over 1.5% in the last 24 hours. However, demand has decreased, as indicated by a massive volume decline of over 20%.
Bitcoin (BTC) trades above its 50-day and 100-day Simple Moving Averages (SMAs). After a significant fall this week, Bitcoin's price bounced back from the SMA.
For Bitcoin (BTC), a support level lies at $61477; further below, another support exists at $60490. Bitcoin (BTC) might see increased bearish pressure near the $62397 resistance level, and the resistance at $62686 could be a very strong supply zone.
Bitcoin (BTC) had a decently large daily green candle yesterday, but today’s doji formation shows price indecision.
Dogecoin (DOGE) made a significant intraday price jump yesterday of over 4% after a long bearish week but failed to break above the immediate resistance level of $0.11029.
Another strong resistance level for Dogecoin (DOGE) is $0.11493. The support levels at $0.10419 and $0.09836 are potential areas for bulls to increase demand and try to raise the Dogecoin price.
Dogecoin (DOGE) trades below the 100-day Simple Moving Average (SMA), from which the price bounced back down yesterday but hovers above the 50-day SMA. At writing time, the Dogecoin price is $0.1089. Today, the trading volume of Dogecoin (DOGE) plummeted over 26%, indicating a decrease in demand.
PropiChain (PCHAIN) is a new project currently in the whitelisting stage. Since the whitelisting is almost over, the Propichain (PCHAIN) token presale should start soon.
The main motive of PropiChain (CHAIN) is to destroy the barriers in the real estate industry that challenge newcomers and investors with low capital from investing in properties. PropiChain (PCHAIN) will tokenize the properties in the real world and put them on the blockchain so investors can trade them digitally.
The PropiChain platform uses AI to analyze and predict market trends. By analyzing a large data pool, AI predicts price fluctuations, demand and supply, market sentiment, etc.
Using Automated Valuation Models (AVMs), PropiChain (PCHAIN) provides real-time and accurate property valuations. The AI analyzes previous sales, current market data, and economic indicators to produce a valuation of the properties.
The PropiChain (PCHAIN) platform allows secure connections with global investors. Integrated with Know Your Customer (KYC) and anti-money laundering protocol, PropiChain (PCHAIN) provides a safe investing environment with verified assets and members.
The AI-powered chatbots and assistants enhance the user experience and provide 24-hour support. These bots answer questions, provide recommendations, and help with document preparation. The virtual assistants simplify the complex contract processes and analyze finances.
Whitelisting is the process of registering yourself to participate in the future presale. Check out the official PropiChain website and enter your email address in the whitelisting section. We will then notify you when the PCHAIN token presale goes live. This simple step can help early participants make over 5,000x returns.
As the financial markets are underperforming due to geopolitical tensions, the Bitcoin price and Dogecoin traders are tracking the new project PropiChain (PCHAIN), which could provide massive gains replicating the early performance of DOGE.
Investors can unlock potential multi-bagger gains by getting whitelisted as the token presale is about to start.
For more information about the PropiChain Presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
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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.
