Bitcoin Price Prediction: BTC Up 9% in a Week, But Analysts Say This GameFi Gem Could Be Next to Explode

bitcoin price fell a fraction of a percent over the past 24 hours despite rising 9% over the past week eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $63,971 at 12:42 a.m. EST on trading volume that fell 8% to $19 billion.

This comes as a popular analyst on x (formerly twitter), Rekt Capital, says that bitcoin is currently aligning with historical post-halving price trends. The pseudonymous analyst offers a more optimistic outlook, noting that bitcoin has the potential to return to its post-halving reaccumulation range.

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twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc

bitcoin is just hours away from confirming a recovery from the post-halving reaccumulation range

The importance of this technical event cannot be underestimated.

Basically, bitcoin is resynchronizing with historical post-halving price trends.twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin https://t.co/wwQpVtoMgt image.twitter.com/CZym9XCLpU

-Rekt Capital (@rektcapital) twitter.com/rektcapital/status/1827701037387399533?ref_src=twsrc%5Etfw”>August 25, 2024

bitcoin price points to continued rise

Over the past week, bitcoin price has been in an uptrend as btc rebounded from the lower boundary of a sideways pattern to break the upper boundary of the pattern at the $61,347 resistance, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal sample.

bitcoin price now appears to be consolidating within the $64,000 range as bulls eye a rally above.

btc is also trading well above the 50 and 200 simple moving averages (SMA) on the 4-hour chart, confirming the bullish trend.

Additionally, the Relative Strength Index (RSI) is trading slightly below the overbought region, currently at 62, as it appears to be consolidating at this level.

If btc bulls resume buying at this level, the price could continue to rise as bulls target $70,500.

The SMA 50 seems to be bouncing and could soon cross the SMA 200, forming a golden cross that could further encourage the price of bitcoin to skyrocket.

However, if the bears win the fight at this level, the bitcoin price could drop below, with $61,716 and $60,970 now acting as the potential support levels (200 and 50 SMA).

Meanwhile, GameFi lovers are buying the new token on the Solana blockchain, Mega Dice (DICE).

GameFi sensation Mega Dice tops $1.75 million in pre-orders

Mega Dice is a cryptocurrency initiative by GameFi that operates on the Solana network and has recently raised over $1.75 million, approaching the $2 million mark. This project aims to merge gaming and cryptocurrencies, and is aimed at gamers on its platform and holders of its DICE token.

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Did someone say LIVE CASINO?

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-Mega Dice Casino (@megadice) twitter.com/megadice/status/1822604228197507256?ref_src=twsrc%5Etfw”>August 11, 2024

The project stands out as a leading brand in the cryptocurrency casino space, with over 10,000 active players per month and over $50 million in monthly bets. Players also enjoy over 4,000 casino games and 50 sports and eSports betting options.

Token holders can also share in the casino's winnings on a daily basis through their unique staking system.

99Bitcoins, a popular cryptocurrency YouTube channel with over 706,000 subscribers, says DICE could potentially skyrocket 100-fold after its launch.

To join the pre-sale, You can buy DICE on the official website here for $0.110529 per token using BNB, eth or SOL. You can also earn 10% on any purchases made by your referred investors.

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Related news

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