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Is It Too Late To Buy Bitcoin? 2 Bitcoin Alternatives That Could Explode

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With Bitcoin (BTC) pumping to $36,500, many market participants are worried they may have missed the opportunity to buy in low. This begs two questions: How far will Bitcoin go? And will there be a pullback first?

Meanwhile, other Bitcoin alternatives could prove better investments, with their lower market caps presenting more room for growth. The two best alternatives are Bitcoin ETF Token and Bitcoin Minetrix.

Both projects are currently undergoing presales and capitalize on different but equally compelling aspects of Bitcoin.

Trend Continuation Expected for Bitcoin as It Breaks Above Fibonacci Golden Zone

With Bitcoin already trading at more than a 100% premium from its bear market lows, some market participants are hoping for a second chance at buying Bitcoin cheaply.

However, the price has recently broken the Fibonacci retracement Golden Zone to the upside. This is a strong uptrend indication, making a higher-time frame pullback unlikely.

With that in mind, we must understand Bitcoin’s price potential and whether it is still a good buy at its current price.

While there are varying predictions on Bitcoin’s price potential, we can gain a high-level understanding of what is possible through the predictions of prominent institutions.

Standard Chartered believes that Bitcoin could reach $120K by 2024. This would equate to just over a 3x from its current price. Meanwhile, JPMorgan holds a similar outlook.

Interestingly, these predictions align with the upcoming Bitcoin halving date, average bull market length, and the levels provided by the Fibonacci tool.

The Bitcoin halving is set to occur in April 2024, and the average bull run lasts between 12–18 months.

What’s more, the Fibonacci 2.6 level is at $155,000, which matches the predictions of Standard Chartered and JPMorgan.

If Bitcoin does peak around $155,000, this provides just over 4x gains from its current price. However, those who bought in at the

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Author: BeInCrypto Team

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