Bitcoin (BTC) has been consolidating under $120,000 this week, currently hovering around $118,250, as traders debate what will happen next. On the surface, the coin seems to be ranging – but that might not be the case for long.
Institutional adoption is continuing to increase, with Strategy and MARA among the companies raising funds to purchase more BTC. With strong support around $116,000, most analysts expect Bitcoin to keep pushing up, rather than capitulate from here.
New Bitcoin Layer-2 project Bitcoin Hyper (HYPER) is positioned to benefit from the trickle-down demand if it does. This new token is currently in presale and on track to hit the $6 million funding milestone by the end of this week.
Let’s explore why HYPER could be among the best crypto to buy as Bitcoin aims to crack $120,000 again.
Bitcoin Breakout Might Be Near
For most of this week, Bitcoin’s price action has been steady and a little boring. The coin has climbed about 3% from Friday’s low but keeps hitting a brick wall around $120,000.
Technical indicators like Fibonacci retracements and the parabolic SAR indicate that this resistance zone isn’t going anywhere without a fight. Plus, with a high stablecoin supply ratio (SSR) right now, there’s simply not enough fresh cash coming in to break through.
But nobody’s selling either. Bitcoin exchange reserves have dropped to monthly lows, and miners are holding onto their coins. Plus, every time BTC dips near $117,000, buyers step in – 73,000 BTC changed hands around that price recently, creating solid support.
With volatility squeezed and traders in wait-and-see mode ahead of major macro events (like FOMC today), it feels like the market is just waiting for one good reason to explode higher. And when Bitcoin moves, smaller projects tied to it, like Bitcoin Hyper, could benefit massively.
Bitcoin Hyper Presale Nears $6M as Investors Bet Big on BTC’s First Real Layer-2
Bitcoin Hyper is exactly the kind of innovation the Bitcoin ecosystem needs right now. It’s a Layer-2 blockchain built with Solana’s super-fast tech, designed to boost Bitcoin’s notoriously slow transactions and limited functionality.
Imagine taking Bitcoin’s legendary security and decentralization, then combining it with the speed and programmability of Solana. That’s Bitcoin Hyper in a nutshell – and its setup is attracting a lot of attention.
You bridge your BTC onto Bitcoin Hyper through a trustless system powered by zero-knowledge proofs. Your Bitcoin stays safe, locked on the main network, while you get wrapped BTC (wBTC).
This system lets you access DeFi, trading, and gaming on Bitcoin at Solana-like speeds (seconds instead of minutes). And the possibilities are endless – for example, you could swap wBTC for stablecoins instantly or mint an NFT with tiny fees.
Crypto analyst Borch Crypto recently called it the “best presale to buy” this year, and investors seem to agree: the project has already raised over $5.8 million, with HYPER tokens available for just $0.01245 each.
Why Bitcoin’s Next Rally Could Seriously Boost Bitcoin Hyper
If Bitcoin breaks above $120,000 – and keeps on climbing – it’s going to set off a chain reaction that would massively benefit Bitcoin Hyper.
That’s because when Bitcoin goes up, the value of every BTC bridged onto Bitcoin Hyper (wrapped as wBTC) goes up too. That pushes the Layer-2’s Total Value Locked (TVL) higher, catching the eye of developers, investors, and crypto influencers.
A rising BTC price also pushes holders to look for smarter ways to earn yield without selling their coins. Bitcoin Hyper’s DeFi features enable users to stake, farm, or lend their wrapped BTC and HYPER tokens at high APYs. More value locked means more activity, and naturally, more demand for HYPER.
Plus, nothing attracts attention like a Bitcoin price surge. Media buzz, investor FOMO, and big CEX listings usually follow. Bitcoin Hyper, as the first true Bitcoin Layer-2 project, would be right in the spotlight.
That could mean more liquidity, stronger partnerships, and even higher potential returns for early HYPER buyers once the mainnet goes live. So, if Bitcoin passes $120,000 and embarks on another big rally, Bitcoin Hyper could find itself catching a turbo boost.
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