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bitcoin price rose 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $59,133 at 3:42 a.m. EST on trading volume that increased 23% to $34 billion.
This comes after Marathon Digital Holdings, one of the world’s largest bitcoin mining companies, announced plans to privately offer $250 million in convertible senior notes due 2031. The private offering is targeted at qualified institutional buyers.
The company intends to use the proceeds to acquire bitcoin and fund corporate growth.
bitcoin price could maintain its rally
The price of bitcoin has been on a sustained rally over the past week, rising 7%, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.
btc has been trading within an ascending channel pattern, with the price rising above the channel once as it climbed towards the $62,500 resistance.
The bulls are now targeting a sustained rally above the channel as btc climbs above the 50 Simple Moving Average (SMA) on the 4-hour chart. A sustained rally could propel bitcoin price to the upper boundary of the channel and within the 200 Simple Moving Average at $62,532.
If this momentum continues, bitcoin price could surge above the ascending channel, and bulls could target $66,700.
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201255%20473'%3E%3C/svg%3E" alt="Graphical analysis of the price of bitcoin Source: GeckoTerminal.com” width=”1255″ height=”473″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/08/Bitcoin-Price-Prediction-Marathon-Digital-Bets-250M-on-BTC-as.png 1255w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-300×113.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-1024×386.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-768×289.png 768w” data-lazy-sizes=”(max-width: 1255px) 100vw, 1255px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/08/Bitcoin-Price-Prediction-Marathon-Digital-Bets-250M-on-BTC-as.png”/>
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/08/Bitcoin-Price-Prediction-Marathon-Digital-Bets-250M-on-BTC-as.png" alt="Graphical analysis of the price of bitcoin Source: GeckoTerminal.com” width=”1255″ height=”473″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/08/Bitcoin-Price-Prediction-Marathon-Digital-Bets-250M-on-BTC-as.png 1255w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-300×113.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-1024×386.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-13_10-42-59-768×289.png 768w” sizes=”(max-width: 1255px) 100vw, 1255px”/>
However, the Relative Strength Index (RSI) is falling from the mid-50 level, currently at 46, which is an indication that sellers are gaining control of the token. If the selling continues, btc price could drop further to the $58,211 support (50 SMA).
Meanwhile, another cryptocurrency, Mega Dice (DICE)is preparing to explode. Top analysts and investors are rushing to buy this token before it's too late.
SAYS: The next cryptocurrency that will multiply by 100? Join the Dice mega revolution today
The crypto world is buzzing with DICE, the native token of the rapidly growing Mega Dice casino. With predictions of a possible “100X” return after launch, this could be the perfect time to consider this opportunity.
Mega Dice Casino is no small platform. It boasts over 11,000 active users and processes over $50 million in monthly bets. Mega Dice offers a wide range of over 4,000 casino games and over 50 sports and eSports betting options, quickly making it a go-to destination for gaming enthusiasts.
What really makes DICE stand out is its innovation. participation modelToken holders can earn daily rewards based on casino winnings, providing an attractive incentive to hold onto this potentially lucrative cryptocurrency.
Additionally, seamless integration with the popular TON Wallet on Telegram and the ability to manage your funds has never been easier.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.269592476489″>
Mega Dice Casino now supports the best Telegram wallet! twitter.com/hashtag/TON?src=hash&ref_src=twsrc%5Etfw”>#TON
Easily use your TON by choosing it as a deposit method and connecting your wallet in just a few steps. Start playing and earning today!
Join nowhttps://t.co/FjIFjfAnCY image.twitter.com/hlqt50vBUF
– Mega Dice Casino (@megadice) twitter.com/megadice/status/1821109134764171534?ref_src=twsrc%5Etfw”>August 7, 2024
Influential cryptocurrency YouTubers like TodayTrader predict a substantial return on investment and forecast a potential “100X” after launch.
With DICE having already raised over $1.7 million in its pre-sale, momentum is building rapidly. The tokens are currently priced at just $0.105266 each.
Buy DICE using BNB, eth or SOL on the official Mega Dice website.
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Mega Dice: GambleFi's Newest Token
- Established crypto Betting Brand
- Featured on Cointelegraph: Telegram's first licensed casino
- Pre-sale is now available: megadicetoken.com
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