Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price fell a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $67,403 at 00:37 am EST on trading volume which increased by 15% to $33 billion.
This comes as a bitcoin address that has been dormant for over five years became active, transferring a whopping 8,000 btc, worth approximately $535 million, to the Binance Exchange.
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201149%20580'%3E%3C/svg%3E" alt="btc transaction” width=”1149″ height=”580″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.jpeg 1149w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-300×151.jpeg 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-1024×517.jpeg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-768×388.jpeg 768w” data-lazy-sizes=”(max-width: 1149px) 100vw, 1149px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.jpeg”/>
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.jpeg" alt="btc transaction” width=”1149″ height=”580″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.jpeg 1149w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-300×151.jpeg 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-1024×517.jpeg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/GP1PzPJXkAAu3_h-768×388.jpeg 768w” sizes=”(max-width: 1149px) 100vw, 1149px”/>
The btc wallet was last active in 2018, when it received 8,000 btc through six separate transactions on December 5. The transactions took place when btc was priced around $3,810 per coin.
With the rise of btc over the years, the holder's initial investment of $30.4 million has skyrocketed to approximately $535 million.
The transfer has sparked some speculation in the crypto community, ranging from profit-taking to indicating a possible impending bear market.
However, the 1-day chart shows that btc could be gearing up for a bullish rally, with the token trading within the symmetrical triangle pattern and well above the $60,737 support zone, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko sample.
bitcoin price prepares for a bullish rally above the symmetrical triangle
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201113%20488'%3E%3C/svg%3E" alt="bitcoin Price Chart Analysis Source: GeckoTerminal.com” width=”1113″ height=”488″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-300×132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-1024×449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-768×337.png 768w” data-lazy-sizes=”(max-width: 1113px) 100vw, 1113px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.png”/>
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.png" alt="bitcoin Price Chart Analysis Source: GeckoTerminal.com” width=”1113″ height=”488″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/06/Bitcoin-Price-Prediction-Whale-ends-5-year-hiatus-with-8000-BTC.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-300×132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-1024×449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-12_07-37-00-768×337.png 768w” sizes=”(max-width: 1113px) 100vw, 1113px”/>
He bitcoin price It is still trading well above the 50- and 200-day SMA, which is an indication that the bulls are still keeping the token in a bullish stance.
In the last week, bitcoin is down 5%, which coincides with the Relative Strength Index (RSI) trading towards oversold levels of 30, currently at 47.
The overall bitcoin price analysis indicates that the asset is currently in a slight pullback but is still trading within the symmetrical triangle, indicating that the bulls could push the token above the upper boundary.
Leading indicators also show that btc could be setting itself on an upward trajectory. The RSI opens positions for the bulls to conduct a repurchase campaign, which could push the price higher. Currently, btc bulls are targeting a new ATH of $90,000 in the long term.
bitcoin price could retreat
However, if the bears apply more pressure at this level, bitcoin price could retrace further below the lower boundary of the triangle. In such a scenario, the bulls could retreat to the support level of $56,047, which coincides with the 200-day SMA.
Meanwhile, as bitcoin bulls look for more signals to buy, other investors are accumulating $99BTC, an ICO that has already raised more than $2.1 million.
99Bitcoins pre-sale exceeds $2.1 million in financing: the best alternative to buy now?
He 99Bitcoins (99BTC) The platform has been an important pillar of crypto education, addressing the need with a comprehensive library of resources and an innovative Learn to Earn (L2E) model. It is well positioned to meet the growing demand for crypto education.
The platform has more than 2 million registered users, with more than 700,000 subscribers on its YouTube channel. With its 99BTC ICO, the project is intended to gamify crypto education by allowing users to complete lessons and take on challenges to earn higher rankings and rewards through $99BTC tokens.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.3562753036437″>
What is spatial computing? Discover how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming AR/VR, making immersive digital worlds more interactive and safe.
Dive deeper: https://t.co/2hlZYRFHBvtwitter.com/hashtag/99BTC?src=hash&ref_src=twsrc%5Etfw”>#99BTC twitter.com/hashtag/SpatialComputing?src=hash&ref_src=twsrc%5Etfw”>#SpatialComputing twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw”>#web3
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw”>April 8, 2024
Additionally, 99Bitcoins integrates with BRC-20, making it easier for developers to create dApps on the bitcoin network.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.148148148148″>
Introducing $99BTC in BRC-20!
Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins has been the reference resource to learn about twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency.
We are launching a platform that allows the construction of twitter.com/hashtag/dApps?src=hash&ref_src=twsrc%5Etfw”>#dApps at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin network!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin rewards users on the bitcoin blockchain.
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024
Buy and Stake $99 btc, 783% Annual Rewards
In addition to its L2E earning model, token holders can also bet $99 btc for an annual percentage yield (APY) of 783%.
According to Jacob Bury, a popular crypto analyst on YouTube, 99Bitcoins has the potential to grow 10x after launch.
You can buy $99 btc tokens for $0.00109 each. With a price increase in about 6 days, buy soon to secure the best deal.
To join the pre-sale, buy $99BTC from the official website here using eth, USDT or a bank card.
Related news
99Bitcoins (99BTC) – New token to learn how to earn
- Audited by solid evidence
- Established brand: founded in 2013
- Free Airdrop – Win a Share of $99,999
- Learn to Earn: Earn money to complete trading courses
- More than 700,000 YouTube communities
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>