Bitcoin Price Prediction: BTC ETF Inflows Surpass $18 Billion and This Could Be the Next Cryptocurrency to Explode

bitcoin price fell 2% over the past 24 hours to trade at bitcoin/”>62.7 thousand dollars at 4:45 a.m. EST with trading volume up 43% to $28.08 billion.

However, despite the current price drop, bitcoin has seen some positive developments recently, especially when it comes to spot bitcoin ETFs. Spot bitcoin ETFs in the US have reportedly seen a surge in investor confidence as cumulative net inflows hit a new ATH.

Data from Farside Investors shows that yesterday, August 26, bitcoin ETFs saw a net inflow of $202.6 million. This puts the total net inflows into this investment product above the $18 billion mark. Commenting on the situation, Bitget Wallet COO Alvin Kan speculated that investors are likely turning to more stable assets, and the rise in bitcoin spot ETF investments reflects their growing confidence in btc.

As for bitcoin itself, the coin experienced a significant price surge on August 23, allowing it to break through the $61,000 resistance and climb to $64,000. Since then, the coin has been trading sideways until it began experiencing a slight drop over the past 24 hours.

bitcoin Price Prediction

bitcoin's price has been correcting for over 24 hours, but compared to its surge on August 23, the correction has not been as pronounced. This also suggests that some traders have decided to take profits after the coin hit $64,000, but this is not a case of panic selling by holders looking to quickly get rid of their btc.

Moreover, there is a possibility that btc will rally in the near future. Its Bollinger bands have narrowed recently, which is a bearish signal, and its price is holding on to the lower band, confirming that there is still some bearish sentiment in the market.

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However, the coin’s Relative Strength Index (RSI) value has been fluctuating between the neutral area and the oversold zone, suggesting a possible rally in the near future. With a strong positive catalyst, bitcoin could easily offset the losses seen over the past day and return to the $64k resistance.

It could even break through it and continue to rise, especially since some experts recently speculated that the coin could soon skyrocket to $68,000. Its current RSI value certainly shows that there is plenty of room for growth left, so it is not out of the question that btc will experience a sharp rise in the coming days. Still, its recent fluctuations show that this is a risky period for the coin, so traders who intend to buy in the near future should be extremely cautious.

Promising alternatives to bitcoin

With bitcoin correcting and looking for its new bottom, many investors are looking for alternatives that don’t involve much risk. One option available today can be found in the Solana ecosystem, in the form of its most promising new GameFi token, Mega Dice (DICE).

Mega Dice is a new cryptocurrency from an established and quite popular cryptocurrency casino which is also known as Mega Dice. The casino has allowed its customers to place bets using cryptocurrencies for years and is now preparing to launch its own native token. With over 50,000 registered users, over 10,000 monthly active users, and over 4,000 games and sports to bet on, this is one of the most popular gambling platforms today.

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<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.466101694915″>

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The DICE ICO has been running for some time now and is currently on track to reach its second millionth. So far, it has raised $1.75 million and is just $250,000 away from the next big milestone. As for its DICE token, it is currently selling for just $0.110529 and can be purchased with SOL, eth, or BNB.

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