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Bitcoin (BTC) may be taking another step towards its all-time highs. The largest cryptocurrency in the world began this Monday (30) trading at just below US$65,000 (just over R$350,000), a value that is considered its “resistance zone”.
This result adds up to an increase of around 9% for Bitcoin at the close of this month, its best September in the last eleven years. It is worth remembering that the month of September is not historically good for cryptocurrency, and the market seems optimistic with this “outside the curve” result.
As soon as Bitcoin surpasses US$65,000 again, experts predict high chances of a price spike.
In this text, we will contextualize the reasons that could lead BTC to soar. But let's also say that this movement, in fact, is a signal for you to buy another cryptocurrency, according to an expert at Empiricus Research.
What has led to the appreciation of Bitcoin (BTC) in recent days
The main factor favoring the recent appreciation of Bitcoin is the expansion of liquidity in the world's main Central Banks, starting with the interest rate cut announced by the Fed in the USA on the 18th.
The announcement opened the door for other global markets to ease their monetary policies. Last week, it was the turn of the Central Bank of China to announce a package of measures that stimulate the economy and consumption, returning liquidity to the country's market.
This is a scenario that increases the appetite for investments in various risky assets. But Valter Rebelo, a specialist in digital assets at Empiricus Research, an analysis house for the BTG Pactual group, explains how BTC is one of the most favored assets at the moment.
In his report last Thursday (26), Valter brought data from North American analyst Lyn Alden, showing how Bitcoin is one of the assets most benefited in scenarios of greater global liquidity.
“Of all asset classes, BTC is the one that most closely follows liquidity trends, being a kind of liquidity barometer. (…) BTC follows liquidity movements 83% of the time, in any 12-month window”, says Valter.
See that Bitcoin follows the trend more than even the S&P 500 index (SPX) and gold itself, one of the world's main reserves of value:
This should be the moment when the reader concludes: but this all seems quite favorable for buying Bitcoin itself, doesn't it?
Well, not exactly. Now we come to the point where we explain that, according to Valter Rebelo, the upcoming rise in Bitcoin is the signal for the investor to buy another cryptocurrency.
Another cryptocurrency could benefit from the bull market crypto, according to expert
Although Bitcoin is already considered an important store of value, investors looking for profits robust you can look for them in other cryptocurrencies, or altcoinswhich tend to appreciate in the same period that Bitcoin also rises.
This is because “smaller” assets have much more room for growth than more well-known cryptos.
The current market value of Bitcoin, for example, is already very high (more than $1 trillion). Ethereum, being the second largest cryptocurrency, has approximately a third of that (about US$300 billion).
As a result, these “large” currencies no longer have as much room for exponential multiplications.
In contrast, the altcoinsdue to correlation and greater availability for growth, tend to rise much more. Thus, they deliver greater potential for generating wealth in less time.
And Valter Rebelo and his team of experts at Empiricus discovered a cryptocurrency with the potential to be the biggest beneficiary of this bullish cycle, with chances of generating robust profits of up to R$1 million for those who invest in it soon.
Discover the currency that can make you a millionaire in one year
It seems like another empty internet promise, but it isn't.
Empiricus Research is a reference in market analysis, working for over 14 years with different equity gain strategies.
In addition to the recommended portfolios in traditional assets, such as stocks and real estate funds, the house's analysts also see great opportunities in the cryptocurrency market.
Now, Valter Rebelo and his team of analysts are keeping an eye on a new cryptocurrency with robust appreciation potential. The chances are of earnings of up to R$1 million in 10 months for those who invest.
It is worth remembering that past returns are not a guarantee of future returns, and investments in risky assets can cause losses to the investor.
However, for those who take this risk, the chances of gains outside the curve are undeniable, and you can find out more about this new currency in a exclusive event.
Sign up for an exclusive event to learn about the new cryptocurrency
On October 28th, Valter Rebelo will make a free online broadcast to introduce you to this new cryptocurrency.
In addition to learning about the currency, you will receive instructions on how to invest in it and seek gains of up to R$1 million in 10 months (making regular contributions during this period).
If you want to join the broadcast, all you have to do is click this link or the button below to reserve your spot.