{"id":459481,"date":"2023-11-24T03:50:57","date_gmt":"2023-11-24T03:50:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=459481"},"modified":"2023-11-24T13:49:38","modified_gmt":"2023-11-24T13:49:38","slug":"gas-price-prediction-gas-coin-pumps-20-as-btc-gas-prices-soar-dont-be-fooled-stick-with-a-presale-with-real-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gas-price-prediction-gas-coin-pumps-20-as-btc-gas-prices-soar-dont-be-fooled-stick-with-a-presale-with-real-100x-potential","title":{"rendered":"Gas Price Prediction: GAS Coin Pumps 20% As BTC Gas Prices Soar, But Experts Say This Presale Has 100x Potential\u00a0"},"content":{"rendered":"

The Gas price has experienced a 20% surge over the past 24 hours to <\/span>trade at $9.18<\/span><\/a> as of 9:50 p.m. EST as t<\/span>rading volume jumped 714% to $200 million. <\/span><\/p>\n

The upward trend in price occurs concurrently with a rise in Bitcoin transaction fees, reflecting the same upward trajectory as the Bitcoin price this month.<\/span><\/p>\n

The excitement surrounding Bitcoin ETFs drove miner fees up to $18.69 in mid-November from a low of $1.125 per BTC transaction on October 27.<\/span><\/p>\n

GAS Price: Bulls Aim To Reclaim Their Previous High<\/span><\/h2>\n

The recent resurgence of GAS from the $2.05 support level underscores its market strength. However, the primary challenge lies at the $29.4 resistance point.<\/span><\/p>\n

\"GAS
GASUSD Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

GAS shows strength by rebounding from the $2.05 support level after a prolonged consolidation, indicating the start of a robust recovery. The price encountered significant resistance at $29.4, allowing the bears to drive the price to the $7.45 support zone. However, the bulls’ resilience suggests a potential bounce from this support level.<\/span><\/p>\n

The price is trading above the 50-day and 200-day simple moving averages, with the 50 SMA serving as immediate support. This confirms an overall bullish momentum for the GAS price. Additionally, the moving averages signal a crossover at $2.99, indicating the potential for a bullish rally in the weeks ahead.<\/span><\/p>\n

The Relative Strength Index (RSI) is crucial in assessing the GAS position. Following a rejection at 78, the RSI is bouncing back and trading at 53, above the neutral level of 50. This suggests the need for continued momentum for a sustained upward trend.<\/span><\/p>\n

Bulls are targeting a breakthrough of the previous high at the $29.3 resistance, potentially paving the way for a new high in 2023 at $0.45. This marks a substantial 65% increase from the current price.<\/span><\/p>\n

While the bullish outlook is promising, caution is recommended for buyers. A market downturn is possible, especially if bearish pressure persists below the $7.46 support zone. In such a scenario, bulls face additional losses, with the potential for the price to drop to $2.05.<\/span><\/p>\n

Investors might consider the Bitcoin ETF Token (BTCETF) presale as an alternative to traditional GAS investments. <\/span><\/p>\n

This coin presents a compelling opportunity to acquire tokens in a project that stands out for its innovation. The BTCETF is designed to reward its holders following the approval of Bitcoin ETFs, with the potential promise of 100X returns.<\/span><\/p>\n

BTCETF: 3 Hours Left Before Price Hikes, Buy Now<\/span><\/h2>\n

BTCETF<\/span><\/a> is an ERC-20 token that serves as the native currency for the Bitcoin ETF Token presale. As it enters Stage 4, the project has successfully amassed over $1.5 million, closing in on its $1.75 million goal.<\/span><\/p>\n

You can acquire BTCETF tokens at a current discounted rate of $0.0056. However, it’s crucial to note that this price will increase within the next 3 hours as the presale advances to the next stage.<\/span><\/p>\n

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🚀 Embracing the future of #Crypto<\/a> with #BTCETF<\/a>! <\/p>\n

As an ERC-20 token on #Ethereum<\/a>, #BitcoinETF<\/a> anticipates the imminent #Bitcoin<\/a> ETFs. <\/p>\n

Positioned to leverage their approval, this visionary project offers a gateway to the evolving crypto world. 💡 pic.twitter.com\/eiMUbIfXeD<\/a><\/p>\n

— BTCETF_Token (@BTCETF_Token) November 23, 2023<\/a><\/p><\/blockquote>\n