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Amid the crypto market bull market, the Bitcoin price has risen over 40% in the past month, leading many to question if investors will seek to take profits from the table, leading to a downturn in the price.
Meanwhile, InsanityBets (IBET) has launched its presale and it looks to be an excellent project that lets investors become the house. Priced at just $0.001, with an exchange listing price of $0.018 specified in the whitepaper, investors are taking note of the potential 1,700% price gain on offer!
Bitcoin Price Close to Resistance Level?
With the Bitcoin price surging over 40% in the past month, analysts from the likes of JP Morgan are speculating that Bitcoin will retreat in the coming weeks as part of a wider crypto market pullback.
Elsewhere, a Bitcoin whale has been seen moving a significant number of Bitcoins that have been held in a wallet since 2010.
The Bitcoin halving is giving investors hope that the price will continue to rise in 2024. Many investors are keen to
Will the Bitcoin Halving Mean the Bitcoin Price Will Rise?
2024 is the year of another Bitcoin halving, with many investors speculating that the Bitcoin price will continue to rise after the halving. It is generating significant positive momentum, alongside the news that Bitcoin ETFs have been approved for the first time.
This news has seen record inflows into Bitcoin, with the price rising as a result. Despite this momentum and the upcoming halving, analysts at JP Morgan have predicted that the Bitcoin price could retreat to $42k.
InsanityBets (IBET) Targets $0.018 Exchange Listing Price, Up from $0.001 Presale Price
InsanityBets is an innovative new player in the crypto casino space – one valued at over $230 billion.
The team has recruited two firms to audit the project, verifying that it represents a secure investment.
The detailed whitepaper states that the target listing price is $0.018 – if achieved, this represents a massive 1,700% increase on the current presale price.
InsanityBets is letting investors become the house – and the house always wins! 85% of platform fees are being redistributed to stakers and burners, and those who contribute to the liquidity pool will be rewarded with 90% of the house winnings. Holders will also be able to vote on project developments and new games.
The team is moving quickly, with presale investors set to be rewarded with games available for beta testing in the coming weeks.
Conclusion: As Bitcoin Could Pull Back, InsanityBets Could Be a Better Opportunity
The Bitcoin price has recently rewarded patient investors. Those investors may look to take profits, leading to a Bitcoin price drop. With the InsanityBets team confirming their target exchange price, the current IBET presale price looks to be a bargain.
Investors will snap up the IBET token as there is the possibility of securing a 1,700% gain in less than 6 months.
Take part in the InsanityBets presale and find out more about the project here:
- Website: https://insanitybets.com
- Presale: https://buy.insanitybets.com
- X: https://x.com/insanitybets
- Telegram: https://t.me/insanitybets
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
