BTC Price Prediction: Should You Sell Your BTC Investment?

Bitcoin trades around $61k, on the brink of essential resistance levels. Short-term bearish divergence is expected, with a possible decline towards $61

Bitcoin trades around $61k, on the brink of essential resistance levels. Short-term bearish divergence is expected, with a possible decline towards $61,800/ $62,000. A surge above $63K could promote fresh bullish movements; nevertheless, stiff resistance is in the $67K to $68.3K range.

However, there is a drastic increase in 5thScape’s presale listing of 165.96% and attention from investors.

Traders should look out for the following important levels: $61K and above. Slight fluctuations over the short term could outline Bitcoin’s near-term prospects and knowledge of strong support at anywhere between $56K-$57K. This article will take you through Bitcoin’s price prediction for the coming 6 months.

If Bitcoin manages to breach its expected resistance levels, it could give an overall push to the market. Although the fear and greed index is leaning towards “fear,” the definitive rise in Bitcoin’s price is building an optimistic momentum. This golden cryptocurrency has faced a market volatility of 6.44% in the past 30 days. BTC, being the pioneer cryptocurrency, is susceptible to such volatility; however, this percentage is relatively lower at this time.

In Picture: BTC’s last resistance level on 5th of August, 2024: Source – Trading View

During its last touchpoint of $62k, the coin was unable to move beyond its resistance mark. It led to a momentary market dip as BTC slumped to $51k-$54k levels. The broader market was heavily impacted by this price decline. 5thScape, the VR/AR blockchain venture, was the only crypto project that was left unscathed.

Its presale success is the “hottest tea” in the crypto market at the moment.

With a raise of over $7 million, 5thScape’s 6th presale stage is nearing its culmination. Its early-stage investors have their sights set on the 5SCAPE token’s market debut. The token will soon be listed on CoinGecko and CMC platforms. 5thScape will get its much-needed mainstream market exposure with these listings. While the 5SCAPE token has been on the radar of old horses in the crypto industry, newbies will be introduced to this novel project for the first time.

5thScape’s team recently gave its website a complete makeover right before the much-anticipated listings. Let us take a look into what 5thScape is all about before we jump into Bitcoin price prediction.

5thScape: An Immersive Entertainment Project Capitalizing on Thriving VR Market Trend

5thScape is an Ethereum-based blockchain project that integrates AR/VR features to provide state-of-the-art immersive experiences. It utilizes Skale Network’s Layer 2 protocol to have a robust foundation for its premium offerings. The project is known for its expansive VR library, with AAA-quality games, chartbuster movies, and learning experiences, all compatible with VR devices. It is the internet’s only destination with multifaceted immersive experiences under a single hub.

Know more about 5thScape VR project >>

Some of its key competitors include The Sandbox, Victoria VR, Decentraland, Axie Infinity, etc. However, the aforementioned platforms limit themselves to one niche: gaming. On the other hand, 5thScape refuses to be a monotonous platform. It is primed to offer the choicest VR experiences from different segments. The project’s skilled developers keep its library afresh with new offerings for its users.

Furthermore, 5thScape’s developer center, scheduled to launch in 2025, will broaden its offerings. This developer center will be a marketplace model where VR content developers can sell their creations to consumers. It will allow them to earn 5SCAPE tokens, which can be exchanged for real-world money.

The platform’s staking opportunities and play-to-earn gaming mechanisms will provide its users with more earning opportunities.

5SCAPE Token Utilities and Price Prediction

5SCAPE token is the 5thScape platform’s most prized digital asset. It is an ERC-20 token that secures 5thScape’s blockchain foundation and acts like a universal currency within the platform.

The main purpose of the token is to allow its holders to explore the VR library of 5thScape and pick the content of their liking. With 5SCAPE, gamers can purchase exclusive upgrades and in-game accessories that will set them apart from their opponents.

The token was initially priced at $0.00187 during its first presale stage. In its upcoming stage, its price will appreciate by 163% and reach $0.00433. Its listing price is speculated to be $0.01, which will deliver

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