Bitcoin Drops to 35K in March: Which Coins Should You Get Ready to Buy?

[Shariar Porosh]

Bitcoin Drops to 35K in March: Which Coins Should You Get Ready to Buy?

In March 2024, the cryptocurrency market is going to reach a very important point. Bitcoin, which is a major digital currency, might see its price go down a lot. Experts at BingX think there's an 80% chance it could drop to as low as $35,000. They believe this could happen because of changes in the US economy, particularly with something called the Federal Reserve's Reverse Repurchase Agreements. These changes might make it easier for people to get US dollars by the end of March, which could make Bitcoin price fall even more, maybe down to $32,000. At the same time, other cryptocurrencies, known as altcoins, might lose about 40-50% of their value, or maybe even more.

Even with these issues, people think Bitcoin will start doing better again, maybe going over $50,000 by May. But it's not so clear if other cryptocurrencies will also get better. Some might not reach the high values they had before. In this unpredictable market, investors are really looking for cryptocurrencies that can do well despite the ups and downs. Here are two other types of cryptocurrencies that are worth looking at during this time.

1. TIA
Celestia (TIA) is really special because it's the first of its kind in blockchain technology, going beyond what normal blockchains do. This is a big deal, mainly because of the Tia token that's part of Celestia's advanced blockchain system. The Tia token is getting really popular because it lets people get involved in special deals called airdrops, and already more than 40% of these tokens are being used by investors. Celestia is seen as a good choice for making money, especially when the market is doing well. You can learn more about Celestia prices and what might happen with it in the future on the BingX website. 

Trading Signal for Celestia (TIA)

Entry Point:
• Long Position: Enter around $9.80, based on 'buy' signals from EMA and SMA.

Stop-Loss (SL) and Take-Profit (TP) Levels:
• Stop-Loss: Set at $8.00.
• Take-Profit 1: Target at $25.376 (near R1).
• Take-Profit 2: Target at $35.886 (near R2).

2. ARC-20 ATOM
ARC-20 is swiftly gaining traction as one of the most promising protocols within the Bitcoin ecosystem. It's poised to introduce a plethora of functionalities to the Bitcoin blockchain, including DeFi, Gamefi, and Layer 2 solutions. The optimistic outlook for ARC-20 ATOM indicates it may see significant value growth during the bull market. To invest in ARC-20 Atom, BingX provides the ATOMUSDT page where you can do a deeper technical analysis.

Trading Signal for Cosmos (ATOM)

Entry Point:
• Long Position: Enter around $10.736, based on the Pivot Point amidst mixed market signals.

Stop-Loss (SL) and Take-Profit (TP) Levels:
• Stop-Loss: Set at $6.00, below the nearest support level.
• Take-Profit 1: Target at $18.314, near the first resistance level (R1).
• Take-Profit 2: Target at $29.028, near the second resistance level (R2).

BingX leads the way in providing trading options for these tokens. The platform also offers insights into Celestia airdrops and guidance on minting ARC-20 coins. With quick token withdrawal features, BingX empowers investors to easily acquire and stake Celestia tokens in their personal wallets.
As we go through these rough times in the crypto market, smart investors are looking for coins that can handle the ups and downs and come out even better. The next few months will be really important in showing which coins are strong and creative enough to be a lasting part of what investors choose to put their money in.