Calcium (CAL) Price Prediction: After Bears Regain Control Of CAL, Interest in BTCBSC Mounts

Updated: 25 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Calcium (CAL) reached its all time high of $0.0668 yesterday.

But then CAL encountered significant resistance and as of 10:20 a.m. ET on the same day, its trading value plunged 31% from a day earlier to $0.03

CALUSD Chart Analysis.Source: Geckoterminal.comCAL has experienced a gradual uptrend recently, rebounding from the lower trendline of the rising open wedge pattern.

CAL Bears Regain Control?

But after hitting its all-time high, the bears appear to have regained control, causing it to retreat towards the lower trendline of the wedge. This suggests a potential continuation of the bearish trend.

Additionally, the price has crossed above the simple moving averages, currently trading at $0.04 and $0.03, which lends support to the open wedge pattern.

The recent rebound on the lower trendline of the rising open wedge coincides with a bounce on the relative strength index (RSI) at 42, indicating a short-term bullish momentum.

But CAL may continue its bearish trend based on the 50 and 21 moving averages.

Key support levels are expected at $0.01 and $0.003, respectively. However, there is a possibility that the bulls could regain control of the price and push it towards the $0.03 resistance level.

Interest in BTCBSC is also growing, with the token attracting global investor attention as it rapidly sells out. The token has already raised three-quarters of its target soft cap.

BTCBSC Raises $5 Million Nears Completion

BTCBSC is currently available at an enticing price of only $0.99 per token, similar to Bitcoin’s initial offering in 2011.

In just under three weeks since initiating its presale, it has raised more than $5 million. The growing interest in the project is evident from the official X account, which now boasts over 5,000 followers.

BTCBSC offers several advantages by choosing Binance Smart Chain as its underlying infrastructure, including faster transaction speeds and lower fees compared to the original Bitcoin network.

One of the key advantages is its transaction confirmation time, which is under 5 seconds.

In contrast to the typically slow and costly transactions experienced on the Bitcoin and Ethereum networks, the Binance Smart Chain offers instant and secure transactions, providing Bitcoin BSC holders with a more streamlined and user-friendly experience.

Passive Income

With a total staked amount of 2.55 million and an estimated annual yield of 103% (APY), Bitcoin BSC currently offers rewards of 0.25 per BSC block.

These figures underscore the potential for significant returns through staking Bitcoin BSC in the current market conditions.

Esteemed analysts in the cryptocurrency sphere have recognized Bitcoin BSC as one of the leading alternatives to Bitcoin, with its integrated staking protocol offering substantial annual yield opportunities, positioning it for significant growth in the forthcoming bullish market.

This affordable cryptocurrency exhibits substantial growth potential as the imminent Bitcoin halving event approaches.

It’s encouraging for alternative coins like BTCBSC since the halving event typically triggers significant bullish moves in the cryptocurrency market every four years. BTCBSC, much like Bitcoin, will restrict the total number of tokens in circulation to 21 million.

BTBSC Tokenomics

The presale of BTCBSC has kicked off with an initial offering of 4 million tokens, while a reserve of 2.125 million tokens has been set aside to meet anticipated high demand, constituting 29% of the total token supply.

An additional 2% of the total supply is reserved for Decentralized Exchange (DEX) liquidity, ensuring smooth trading from the project’s outset.

The bulk of the token supply, comprising 69%, is allocated for staking payouts and will be distributed with each new block added to the chain, occurring approximately every 10 minutes. BTCBSC’s emission rate mirrors that of Bitcoin, with a projection of reaching its maximum supply over approximately 120 years.

Following the end of the presale, any unsold tokens will be allocated to the staking pool. Investors have the flexibility to purchase and stake tokens at any time, regardless of their participation before or after the presale.

However, there is a one-week lockup period for withdrawals.

🚀 Explore the possibilities of #BitcoinBSC on BNB Smart Chain!

✨ Built with Ethereum's code for the highest level of security.
💰 Affordable transactions.
🔐 Access #BTCBSC smoothly through #TrustWallet or #MetaMask. pic.twitter.com/iSjdS7se8T

— Bitcoinbsc (@Bitcoinbsctoken) September 24, 2023

It’s important to note that staking BTCBSC, which operates on the Binance Smart Chain (BSC), requires BNB coins.

Ethereum users will have the opportunity to commence staking once the presale concludes. The presale soft cap is nearing its completion, providing a final chance to secure a token at the appealing price of $0.99.

Austin Hilton, a prominent YouTube influencer boasting a subscriber base of more than 233,000 individuals, recently shared his assessment of BTCBSC. He described it as an intriguing investment option, emphasizing that it offers investors the chance to acquire more at a reduced price.