Bitcoin drops to $29k: will it dip further to the $25k support level?

Bitcoin drops to $29k: will it dip further to the $25k support level?

Key takeaways

Bitcoin dropped below the $29k level on Monday as the market sheds its recent gains.

AltSignal’s stage two presale has now surpassed the $1.2 million mark.

The cryptocurrency market has been underperforming in recent weeks. Barring last week’s rally fueled by Ripple’s win against the US SEC, the market has underperformed.

Despite the market’s poor performance, AltSignals’ presale continues to proceed excellently, with the team raising $1.2 million so far in stage two of the presale. 

Bitcoin struggling around the $29k region

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming in recent weeks. BTC has lost more than 2% of its value since the start of the week and is struggling to maintain its value above $29k.

At press time, the price of Bitcoin stands at $29,197. Despite the recent bearish trend, most market analysts are optimistic that Bitcoin could rally higher over the coming months. The recent pullback is considered by many as a buying opportunity. 

Despite the market’s poor performance, AltSignals’ presale has been going on excellent.

The AltSignals team has completed more than 50% of stage two of its presale, with more than $1.2 million raised so far. 

AltSignals’ second stage of presale tops $1.2 million

AltSignals began the second stage of its presale a few weeks ago and has already crossed an important milestone. The team has raised $1.2 million so far, 53% of the total amount required in this presale stage. 

During the stage one presale, the ASI token was sold for $0.015 USDT. however, the ASI token is now going for 0.01875 USDT. With a target of over $2 million in the second stage, AltSignals has already raised more than $1.2 million so far. 

AltSignals is currently working on launching numerous products for its users. It is a unique project that seeks to leverage AI and blockchain technology to make it easier for people to trade Bitcoin and a host of other cryptocurrencies. 

Click here to read more about the AltSignals presale.

What is AltSignals?

AltSignals is a cryptocurrency project that targets traders within the crypto and broader financial market. Its products could be beneficial to crypto traders, forex, stock, commodities, and indices traders.

With AltSignals, traders would have access to trading signals and other trading resources, making it easier for them to trade crypto and other financial assets. 

According to their whitepaper, the funds raised from the presale would be used to develop ActualizeAI, an AI solution that could make it easier for people to trade cryptos and other financial assets. 

ActualizeAI is an automated trading solution that operates 24/7. The solution helps traders to identify various patterns in the market, eliminating some of the pain points traders experience. 

ASI token is the utility token that powers the entire AltSignals ecosystem. The platform will leverage numerous technologies, including natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

Following the end of its presale, ASI would be listed on centralised and decentralised cryptocurrency exchanges, including Uniswap. 

AltSignals (ASI) price prediction

Predicting ASI’s price in the medium or long term is quite impossible due to the fact that the token is still in its presale stage. 

The ASI token will be listed on numerous cryptocurrency exchanges once the presale stages are completed. Listing on crypto exchanges could see ASI’s price soar higher in the near or medium term. 

Furthermore, AltSignals’ adoption by traders could help push ASI’s price higher over the next few months and years 

Another factor that could positively affect ASI’s price is the performance of the broader cryptocurrency market. Bitcoin and other major cryptocurrencies are up by more than 40% year-to-date. 

If the market sentiment improves, ASI could become one of the biggest winners in the market. 

Should I buy AltSignals in its presale?

Assets in their presale stage are usually smart investments as they mostly trade at their lowest. Some of the leading cryptocurrency projects, including Solana and Ethereum, generated thousands of percentages in ROI for early investors.

AltSignals is a project that could gain massive adoption, especially by cryptocurrency traders, if the development team fulfils its promise and deliver excellent products to its users. 

The post Bitcoin drops to $29k: will it dip further to the $25k support level? appeared first on CoinJournal.

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