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Will Bitcoin retest $35k? Why analysts are betting on this new ICO

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  • Amid an ongoing Bitcoin price correction, BTC might retest $35,000, a level last seen in November 2023.
  • NuggetRush has become a favorite among investors.
  • This top ICO is tipped for a 5,500% rally after its launch.

Following the SEC decision on Bitcoin ETFs and the initial Bitcoin ETF market effects, the price of BTC has since taken a downturn. The ongoing correction has seen its price dip significantly, with many wondering if it will hit $35,000.

Amid the ongoing Bitcoin price pullback, NuggetRush (NUGX), a new ICO, has emerged as a favorite. According to top analysts, it is primed for explosive growth after its launch, positioning it among the best coins to invest in.

NuggetRush (NUGX): Why are Analysts Bullish?

NuggetRush (NUGX) has become the go-to investment for investors seeking to mitigate against the bearish pressure in the crypto scene. This top ICO has been one of the best performers this year, with the presale selling out fast. Its unique approach to memes makes it one of the best meme coins to invest in—a bullish wave you shouldn’t miss out on.

Positioned at the intersection of memes and utility, it represents the best of gaming and memes. This makes it more than just a fun token, positioning it as one of the meme coins with potential.

The upcoming game will be built around gold mining. Players will build a mining team, which can either be made up of other players or in-game characters that double as collectible NFTs. Besides the exciting gameplay experience, players will collect valuable in-game assets, which they can trade or exchange on the marketplace.

More importantly, it will be more than just a game. By dedicating a share of in-game purchases and rewards, it aims to support deserving and charitable causes around the world. Hence, players will be a part of something bigger and more impactful.

The above explains why analysts are bullish on NuggetRush. The ICO is in its fifth round, and a token is priced at just $0.018. According to experts’ forecasts, it will rally by 5,500% after its launch. If you wish to become an early adopter of this project hailed as the best new crypto to invest in, click the link below.

Bitcoin (BTC): Will we See $35k Soon?

The build-up to Bitcoin’s (BTC) ETF was one of the most exciting in recent times. In anticipation of its approval by the US SEC, Bitcoin rode the speculative wave and soared. On January 10—a day to be remembered in crypto history—the SEC approved the first Bitcoin ETF, sending ripples across the crypto community and the broader financial ecosystem.

Following the launch of the ETF market and a rise in investor sentiment Post BTC ETF, Bitcoin surpassed $48,000. However, since then, there has been a downturn for crypto’s poster boy.

Earlier this week, the price declined below $40,000, a level last seen in December 2023. With optimism high about 2024 being a bull market, the crypto community might have to wait a bit longer.

With bearish indicators becoming more evident and further downside looming, some analysts predict a Bitcoin fall to $35,000 before any significant rally. Hence, investors are advised to HODL until indicators point towards a price rise.

Despite the prevailing bearish pressure, Bitcoin is expected to bounce back. It remains one of the best cryptos to invest in, and temporary fluctuation means little in the grand scheme of things. With the halving event just a few months away, a rise in excitement and confidence is anticipated. As a result, savvy investors are seeing the current dip as a way to accumulate more BTC tokens at a discount.

Conclusion

The current bearish trajectory of Bitcoin has led to speculation that it might retest $35,000. Meanwhile, NuggetRush has become a go-to investment, with investors swarming the ongoing presale aiming to ride its strong bullish wave. To position yourself for significant gains, click the link below to become an early holder.

Visit NuggetRush Presale Website

Disclaimer: This is a paid post and should not be treated as news/advice.

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