As Donald Trump's victory in the US election and the subsequent 25 basis points fed rate cut caused Bitcoin (BTC) to rally to the $800,000 mark, analysts are speculating if it could hit the $200,000 mark.
The re-emergence of Trump has caused a stir in the crypto space, leading to bold speculations that the market will reach new heights.
While BTC climbed 20% setting a resistance level at $75,943 and constantly trading in between the $66,476 and $72,425 levels, CYBRO presale crossed 4 million.
Bitcoin is showcasing a 10-day moving average which is above the 100-day average which suggests an uptrend. Meanwhile, the Relative Strength Index of BTC has reached 58.35, just below the overbought level which means further gains are possible.
Analysts have predicted that Bitcoin could rise 13% to aim for the $81,892 resistance level if it crosses the current resistance which it did on Sunday by nearing the $80,000 mark.
On the other hand, if BTC goes below the $64,044 support level it can plummet to $58,095. Hence, crypto investors should keep an eye on these levels while trading.
Meanwhile, the next-gen DeFi platform CYBRO token raised more than $4 million in presale. This platform provides opportunities to maximize rewards earnings in different market conditions.
According to crypto analysts, CYBRO has an ROI of 1200% as the token's presale price was $0.04 which is attracting both influencers and crypto whales towards it.
The gain for CYBRO holders might increase as the platform has launched a referral program which will offer 12% commissions from direct token purchase references and 3% and 2% from second-level and third-level referees respectively. The rewards from the CYBRO platform are issued weekly in USDT while referees get double CYBRO Points on depositing with the referral code for the first time.
The Points system also lets CYBRO holders qualify for future airdrops. The platform allocates up to 1 million Points on a weekly basis, which investors can accrue through positions in CYBRO’s DeFi Vaults. Only 21% of the tokens were available on presale with 100 million already sold which shows massive potential for crypto investors to invest.
Overall, analysts predict major digital assets like Bitcoin to gain whole CYBRO offers exceptional opportunities to raise earnings.
As of November 11 morning, BTC was up 2.68% to trade at $81397 while its market cap and trading volume were at $1.61 trillion and $78.17 billion respectively.