Bitcoin Price Falls to $68,000 as Mt Gox Transfers $2.2 Billion, BTC ETF Outflows Surge, and Experts Say to Consider This V2E Cryptocurrency with 1.326% APY

bitcoin price up a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $68,611 At 03:28 am EST, trading volume increased 23% to $41.62 billion.

This comes as Mt.Gox moved another $2.2 billion in bitcoin on Monday, identified through wallets tracked by the blockchain analytics firm. Arkham Intelligence.

bitcoin briefly fell below $68,000 during Asian market trading but has since recovered the losses.

Meanwhile, the US bitcoin Spot ETF (btc ETF) reported $541 million in net outflows on November 4, the second-largest daily outflow since its launch in January. Fidelity's FBTC recorded the largest outflows at $169 million.

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BREAKING: Yesterday, the Spot twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF had an outflow of $541.07 million, the second largest outflow in its history. pic.twitter.com/iZTTRRlMHU

– Dz_4L (@DZ_Trader4L) twitter.com/DZ_Trader4L/status/1853718004770500790?ref_src=twsrc%5Etfw”>November 5, 2024

bitcoin Price in a Sustained Uptrend

bitcoin price recently tested the upper boundary of the ascending channel pattern around $72,000, which often acts as resistance, and has pulled back slightly, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko. This type of pullback within a channel typically suggests a temporary correction in a more significant uptrend.

The upper and lower trend lines act as dynamic resistance and support, respectively.

btc is still trading above the 50-day and 200-day simple moving averages (SMA), indicating that the asset is still on an upward trajectory.

The RSI is slightly below 50, currently at 48, implying neutral to slightly bearish momentum. This is not a strong overbought or oversold signal, but it indicates that the recent pullback has reduced buying pressure somewhat.

btc price analysis

According to the btc/USD chart analysis, bitcoin price is still within the ascending channel pattern. The lower trend line of the channel, along with the 50-day SMA around $67,776, is acting as immediate support. This area could be a possible price rebound zone.

A successful bounce at the lower boundary would confirm the strength and potentially lead to another test of the upper channel. In this scenario, bullish investors are targeting $76,000.

On the contrary, if the price falls below the lower boundary, btc could fall to the 200-day SMA at $62,402.

As bitcoin price points to a bullish rally, some investors are turning to pre-sale meme coins like the newly launched one. Flockerz (FLOCK) for more explosive upside potential.

According to 99Bitcoins, a popular cryptocurrency YouTube channel with over 706,000 subscribers, $FLOCK has the potential to rise 100x after its launch.

Flockerz Heads to $2 Million Blockbuster Pre-Sale

flockerz has raised over $1.26 million in its ICO as it continues its mission to put power back into the hands of the crypto community.

Armed with the first vote-to-earn (V2E) mechanism, Flockerz is transforming decentralization as we know it.

Compared to many other crypto projects where a small group makes decisions about people, FLOCKERZ allows its community to have more control over the decision making.

Its V2E platform allows community members to determine the future of the project and receive compensation for their work. Flocktopia, FLOCKERZ's decentralized governance framework, is at the center of the project and allows each holder to have a say in decisions.

Buy and Stake $FLOCK to Earn 1326% Annual Rewards

Another reason why investors are flocking to the pre-sale of its native token, $FLOCK, is its delicious staking rewards, currently sitting at a dazzling 1,326% in annual rewards.

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In the turbulent skies of cryptocurrencies, it is all about flying together. Strength in union, success in unity: fly with the flock! pic.twitter.com/vPwC75koVx

—Flockerz (@FlockerzToken) twitter.com/FlockerzToken/status/1846328864299274575?ref_src=twsrc%5Etfw”>October 15, 2024

Investors interested in joining the pre-sale can visit Flockerz official website to purchase FLOCK tokens at the current price of $0.0059334 per token using BNB, eth or USDT. You can also make a purchase with your bank card.

Buy before the price goes up in less than 24 hours to secure the best deal.

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