Subscribe Logo
Outlook Logo
Outlook Logo

Outlook Spotlight

Bitcoin Price Forecast: BTC Fails Repeatedly, Top Analyst Warns Of Trend Reversal! Is The Rally Hitting The Wall?

The buzz around Bitcoin is mostly positive but one crypto analyst isn’t so sure the future is green. Luckily we have five other coins that are likely to pump.

Bitcoin Price Forecast
info_icon

The crypto market has a whole enjoyed an incredible Q1 of 2023 and so far it looks like this good run is going to continue into Q2. The market enjoyed its first bull run at the start of the year due to a predicted softening of outside factors like inflation rates. Then just as things were starting to slow down, the run on the traditional banks started which caused the crypto market to take off again.

Of course, when it comes to Bitcoin's relationship with the market in general what's good for the goose is good for the gander, if the market is performing well then Bitcoin likely is as well. One look at its price performance and you can see what a good year 2023 has been so far, even seeing around 60% growth from its price at the start of the year.

However, not everyone is convinced Bitcoin’s price is going to continue to climb, noted Twitter analyst ‘CryptoCapo’ believes that the traditional giant of crypto could be due a bearish trend soon. Luckily coins like Love Hate Inu (LHINU), DeeLance (DLANCE), Metropoly (METRO), Ecoterra (ECOTERRA), and RobotEra (TARO) are all enjoying great presales and are great alternatives for those that don’t trust Bitcoin at the moment.

Why Bitcoins bull run might be finished

While Bitcoin’s growth over the course of 2023 is quite impressive a more micro viewpoint is necessary before we start making decisions about its future, as we can see from the chart below things are pointing downward for the price of BTC.

The ‘CryptoCapo’ account, which predicted the 2022 crypto winter is skeptical of the progress of BTC. He believes that the rally is driven by FOMO and not by any real concrete reasons so is predicting that eventually this will stop and the price will collapse again.

Another reason to be skeptical about Bitcoin's future is the fact it still hasn’t broken the $30,000 mark. Many experts predicted this would have happened by now and pinpointed it as a crucial checkpoint for Bitcoin if it is to return to previous highs. The fact it seems to be retreating below the $28,000 mark does not exactly until confidence.

Luckily though, we have found five coins going through presale that have a much more green future in store for them so let's examine them to see what makes them likely to pump.

Love Hate Inu- The V2E platform that doubles as a meme coin

Not only is Love Hate Inu (LHINU) a very exciting V2E platform where users can go to vote on trending topics from all around the world, but it is also a very fun meme coin. For example, a look at their site now shows three polls asking if you love or hate some controversial celebrities and each celebrity is accompanied by a very funny angel and devil illustration.

Its not all fun and games though, as the inventors of the meme coin have made sure that the projects security and the users safety is top of their priority list. 90% of the allocated LHINU coins will sold during presale ensuring the projects future is in safe hands. While a stake-to-earn system will be in place to both protect the integrity of all the polls and theirs users anonymity.

DeeLance- A ew freelancing platform that will help freelancers and employers

While freelancing is becoming a more and more popular method of work these daya there are still a lot of barriers stopping more people from choosing this route for work. Finding work can be hard enough without traditional sites charging high fees and making it difficult for both freelancers and employers.

DeeLance (DLANCE), through there dencentralized platform, will make it much easier for freelancers and employers to connect. The fact they will use a crypto peer-to-peer system allows them to charge much lower fees than traditional sites that use third party payment sites. An escrow system for payments as well as a dedicated resolution centre only goes further in streamlining the connection between both freelancer and employer.

Metropoly- The real estate token experts can’t wait to get their hands on

One of the trendiest coins going through presale at the moment is Metropoly (METRO) and it is hard to find an article or youtube video that doesn’t love its possibilities, and with good reason too. The real estate token will allow investors to get a piece of some of the most sought after properties froma round the world for as little as $100.

Whats even more impressive is they have completely sped up the process of real estate investment. Normally a minimum of 60 days is inplace to close a property deal and thats after all the negotiations and red tape. Metropoly will allow you to complete the transaction in seconds with no hidden fees or extra paper work.

Ecoterra- The green crypto whales are circling

The presale of the next big green crypto has only just begun but our projections have it taking off very soon as sentiment is building that whales are going to get involved soon and buy up a lot of Ecoterra (ECOTERRA). It is likely the exciting partnerships that are being announced that are driving the whales towards the eco-project.

Ecoterra rewards their users for recycling, simply record the item in the app and earn points depending on what the item is. One of the most exciting partnerships announced is with Lion, who own supermarket brand around the world. Anyone that has shopped in their stores will have seen their reverse vending machins that give store credit for certain recycled objects, well now Ecoterra users can use these machines and be rewarded with the native currency.

RobotEra- P2E game with unlimited revenue opportunities

RobotEra (TARO) should be one the best P2E games of 2023 if their white paper is anything to go by. The game will take place in the Metaverse on the planet of Taro which has just been destroyed. You and other players, who will all play with robot NFTs, will need to rebuild the planet.

TARO, the native currency is used for everything in the game so players can make money from each other. So while you are building your utopia you should keep in mind that building structures that attract other players is your way to make revenue.

Conclusion

In our opinion Bitcoin is not as certain to continue pumping as many think it is. That i not to say it won’t we are just a little more skeptical with our predictions. We think the five coins we discussed above are much surer bets. They are also of course, much cheaper than Bitcoin so the risk/reward scale favours them.