Investors Consider This Small-Cap Crypto Has the Potential for Big Gains
Since Bitcoin has struggled to gain speed recently, some traders are wondering if it is too late to buy BTC in 2023 as the bear market is still ongoing.
Although Bitcoin is still the most talked about cryptocurrency in the world, some low market cap coins are attracting traders' attention because they have the ability to rise.
One of these coins is Bitcoin BSC (BTCBSC), which tries to unite the history of Bitcoin and the speed of Binance Smart Chain.
Please be reminded that Bitcoin BSC is a meme coin and has nothing to do with Bitcoin. Bitcoin's rise does not ensure Bitcoin BSC's rise.
Bitcoin Price Weakens as Support Level Holds
This indicates that the short-term and medium-term trends are down, so BTC is set for more losses.
Additionally, the Crypto Fear & Greed Index has been in the “Fear” area since mid-July, which makes the prices of BTC and other altcoins move slowly.
However, the key support level around $25,000 has held so far, providing some hope for Bitcoin bulls.
Additionally, Bitcoin's daily period showed a strong bullish reversal candle on Tuesday, indicating that the price will rise.
Spot BTC ETF Could Revive Bitcoin Momentum
Several large companies, such as BlackRock and Valkyrie, have filed for BTC spot ETFs in recent months, and if the SEC accepts one of these filings, it could spark renewed interest in Bitcoin from both individuals and institutions.
So, Bitcoin's short-term prospects look bad as investors are still unsure, but its long-term prospects still look good.
As a result, many savvy investors are using this time of uncertainty to buy BTC at relatively low prices in preparation for the next bull cycle.
Ultimately, it's hard to say whether it's too late to buy Bitcoin in 2023.
