Will Bitcoin (BTC) Reach $21k? Orbeon Protocol (ORBN) is predicted to increase by 6000% in pre-sales.

Bitcoin has had a rough year, losing more than 60% of its peak, will BTC break past the $21,000 resistance level? The upcoming investment platform Orbeon Protocol is expected to increase by more than 6000% in pre-sales.

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Much of it is about monetary policy.

Bitcoin has been comfortably trading above $20,000 and is likely to remain at that level until the Federal Reserve makes its next move on November 2nd. Based on data from JPMorgan, it is expected that the US central bank will raise interest rates by 50 basis points in December instead of 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 well above $21,000.

Bitcoin’s fundamentals remain strong.

Bitcoin’s technical outlook is unchanged. As defined by Fibonacci retracement levels, BTC/USD has consolidated between $20,000 to $21,000. Bitcoin’s trading bias remains bullish, although there may be some minor upcoming adjustments. The Relative Strength Index and Moving Average Convergence Divergence (RSI and MACD) remain bullish territories, suggesting that the current uptrend is likely to continue. If the break above the 61.8% Fibo level is sustained, the current buying trend is likely to continue beyond $21,900. If the current trend for Bitcoin continues, the 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 can look to buy above $20,250, while further buying could be seen at a bullish breakout of $21,000.

Orbeon Protocol is expected to increase more than 6000% in pre-sales.

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

To protect customers from potential scams, only projects that have undergone a crowdfunding on the Orbeon protocol. The protocol has a feature that allows you to ‘complete or terminate a contract, which helps you keep things organized and efficient. This feature ensures that investors will be refunded if a project fails to raise the target funds within the specified time frame.

Holders of the Orbeon protocol’s utility token, ORBN, can earn rewards for their contributions to the network. Orbeon offers a number of benefits, such as staking, Orbeon community management, access to VIP investor groups, discounts on trading fees 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 start on 26 December 2023 and end on 14 January 2024. The pre-sale 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

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