Recently, Bitcoin (BTC) has demonstrated remarkable resilience and has once again shown its dominance in the cryptocurrency market. The leading crypto asset hit an All-Time High (ATH) of $73,750 on March 14, 2024.
While the price dropped briefly, Bitcoin is back on a bullish rally at $68,713. Crypto enthusiasts speculate that BTC will reach the $100k mark as momentum builds.
This positive shift impacts the broader crypto market as investors seek out altcoins with value to ride the bull wave and make gains. Amid this buzz, one asset that has emerged to gain from this bullish influence is PropiChain (PCHAIN).
Investors seeking investment alternatives of value can join the ongoing token presale and access hassle-free property ownership powered by Blockchain technology.
Bitcoin Rally Towards $100k
The crypto space expects Bitcoin to hit $100,000 soon. Top crypto trader Alex Becker, who noted this on his X (formerly Twitter) page, also shares this belief.
CoinMarketCap says Bitcoin’s (BTC) price is $68,713 at press time. The digital asset is up 0.93% in the last 24 hours and has a live market cap of over $1 trillion.
Alt text: Bitcoin technical chart showing its price movements
Source: TradingView
Analyzing the technical chart above, Bitcoin’s recent price surge favors it. The analysis shows that BTC has broken through the 61.8% Fibonacci retracement level at $68,359 and is currently approaching the 50% Fibonacci retracement level at $70.406.
Despite potential resistance at this level, if the demand for Bitcoin holds up, it’s a matter of time before the asset hits the $100,000 price point. Bitcoin rally generally impacts the broader crypto market, and the asset breakthrough of $100,000 will boost investors’ confidence.
Several altcoins, including PropiChain (PCHAIN), will benefit as investors seek valuable alternative assets to boost their portfolios.
Bitcoin Momentum Buzz
Bitcoin’s current bullish momentum is creating a buzz in the crypto space. A report by Aspen Digital on X(formerly Twitter) Indicates that Asia-based private wealth managers are entering the crypto market, with some forecasting Bitcoin to hit $100k by year-end.
Several factors are driving this renewed optimism. These include the growing belief in Bitcoin as a USD alternative, political support from both U.S. presidential candidates and Institutional involvement, such as BlackRock’s Spot Bitcoin ETF approval earlier this year.
These factors contribute to the Bitcoin rally by raising investors’ confidence in the asset and the general crypto market. Like Bitcoin, an altcoin you could try as an alternative to ride the bull wave is PropiChain (PCHAIN).
This platform helps tokenize RWAs, such as real estate, via NFTs’ fractional ownership. As Bitcoin momentum rises, such an altcoin with value will also ride the bull wave.
PropiChain Gains from Bitcoin Rally
The Bitcoin rally has ignited strong long-term demand for crypto, and PropiChain’s (PCHAIN) utility makes it a viable long-term investment option.
Like Bitcoin, the asset has a hard limit supply of 1 billion tokens. This makes it deflationary as crypto assets with hard supply limits increase intrinsic value over time.
That’s not all. PropiChain’s (PCHAIN) native token has real utility as it powers the platform, offering many benefits to holders in the ecosystem. The good news is that the token presale is ongoing, and for investors who can’t buy Bitcoin due to its steep price, this is an opportunity to start their investment journey with a modest fee.
As the Bitcoin rally continues, real-value assets like PropiChain (PCHAIN) will be carried along as investors continue to show interest.
To participate, sign up on the PropiChain (PCHAIN) website using your email or connect your wallet and follow the instructions to buy PCHAIN tokens.
PropiChain Emerges as A Suitable Investment Option
Bitcoin’s bullish rally is positive for the broader crypto market. Likewise, a nascent asset like PropiChain (PCHAIN), due to its powerful utility of tokenizing RWA, stands a great chance of benefiting from the momentum.
Tangible assets such as real estate offer suitable investment opportunities. According to Statista, the global real estate market is expected to reach a high value of $634.90tn by 2024.
Unsurprisingly, we are seeing much interest in the sector, and PropiChain (PCHAIN) tokenization of this asset makes it a viable investment option.
Join the ongoing token presale early and unlock global real estate opportunities through fractional ownership with PropiChain.
For more information about the PropiChain Presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
