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bitcoin price rose 4% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $63,521 at 12:49 a.m. EST with trading volume soaring 82% to $21.5 billion.
This comes after a lackluster performance in June, when the price of btc fell by almost 7%.
bitcoin price has historically averaged a 0.35% drop in June, according to data from Glass of coins. But Whenever June ends on a downtrend, the following month sees a remarkable recovery, with bitcoin gaining an average of 7% historically.
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<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-BTC-Soars-4-as-Cryptocurrency-ICO-That.png" alt="btc dump” width=”1331″ height=”755″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-BTC-Soars-4-as-Cryptocurrency-ICO-That.png 1331w, https://insidebitcoins.com/wp-content/uploads/2024/07/9902374c-a19a-463e-9ce7-d10b0ce86f08-1-300×170.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/9902374c-a19a-463e-9ce7-d10b0ce86f08-1-1024×581.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/9902374c-a19a-463e-9ce7-d10b0ce86f08-1-768×436.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/07/9902374c-a19a-463e-9ce7-d10b0ce86f08-1-269×153.png 269w” sizes=”(max-width: 1331px) 100vw, 1331px”/>
According to analyst Murad on x, bitcoin has recorded minimum gains of 28% in the first weeks of each July for the past six consecutive years.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.6363636363636″>
Reason 1 to be optimistic in July on this last bearish day of June image.twitter.com/E5T4Qr2Rki
— Murad (@MustStopMurad) twitter.com/MustStopMurad/status/1807530036116750820?ref_src=twsrc%5Etfw”>June 30, 2024
However, other analysts predict that July could be a difficult month, with possible downward pressure due to upcoming Mt. Gox refund sales.
bitcoin Price to Sustain Rally Above the Lower Boundary of the Bullish Pennant
bitcoin price has fallen over the past month from the $71,809 resistance to the lower boundary of the bullish pennant pattern, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminalbtc price bulls seem to be using the $60,416 support level to push the token towards the upper boundary of the pennant.
bitcoin price is trading well above the 200-day simple moving average (SMA), which confirms the bullish rally in the coming days. However, btc needs to break above the 50-day SMA level at $66,499, which acts as an immediate resistance level.
Moreover, the relative strength index (RSI) is bouncing off the oversold level of 30 while moving towards the mid-50 level, which shows that buyers are buying intensively at the moment. If the buying pressure increases, the RSI could surpass the overbought region of 70.
btc price analysis on the 1-day chart is an indication that btc is gearing up for a sustained bullish stance atop the bullish pennant pattern as the bulls target its previous resistance level, after which the bulls aim for a long-term target of $90,000.
In a reverse scenario, if the bears take control of the price and break the critical support level of $60,000, btc could skyrocket to the next support zone around $58,216, coinciding with the 200-day SMA.
Meanwhile, as btc bulls look for more entry positions to boost the token, investors are flocking to the learning platform to earn 99Bitcoins (99BTC), which has already surpassed the $2.3 million mark in funding.
According to Jacob Bury, a prominent cryptocurrency YouTuber, 99BTC has the potential to turn $1000 into $10,000 after launch.
99Bitcoins Pre-Sale Surpasses $2.3M in Funding: Best bitcoin Derivative to Buy Now?
Since its launch in 2013, 99 Bitcoins (99 btc) has been an important pillar of cryptocurrency education. The platform has over 2 million registered users on its courses and over 700,000 subscribers on its YouTube channel.
99Bitcoins is gamifying cryptocurrency education by allowing users to take on challenges and complete lessons to earn higher rankings and rewards via $99BTC tokens.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.3562753036437″>
What is spatial computing? Find out how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming augmented and virtual reality, making immersive digital worlds more interactive and safe.
Deepen: https://t.co/2hlZYRFHBvtwitter.com/hashtag/99BTC?src=hash&ref_src=twsrc%5Etfw”>#99BTC twitter.com/hashtag/SpatialComputing?src=hash&ref_src=twsrc%5Etfw”>#Spatial Computing 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
The project also integrates with BRC-20, which allows the creation of dApps on the bitcoin network.
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Introducing $99BTC in BRC-20!
Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins It has been the reference resource for learning 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”>#DecentralizedApplications at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin net!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin Reward users on the bitcoin blockchain.
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024
Token holders can also Bet 99 btc in tokens for an impressive annual percentage yield (APY) of 722%.
You can buy 99 btc tokens for $0.00111 each. There will be a price increase in less than 23 hours, so buy early to get the best deal.
To join the pre-sale, Buy $99 btc from the official website here using eth, USDT or a bank card.
Related news
99Bitcoins (99BTC): new token to learn how to make money
- Audited by Solid Proof
- Established Brand: Founded in 2013
- Free Airdrop: Earn a Share of $99,999
- Learn to make money: get paid for completing trading courses
- YouTube community with over 700,000 members
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