Bitcoin Price Analysis as Microstrategy Acquires $4.6 Billion in BTC and Traders Buy This ICO with 402% Staking APY

bitcoin price up a fraction of a percent in the last 24 hours <a target="_blank" href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $91,957 At 02:17 am EST, trading volume increased 52% to $73.5 billion.

This comes as MicroStrategy revealed it had acquired $4.6 billion worth of bitcoin and revealed plans to raise an additional $1.75 billion to pocket more coins. The company now holds 331,200 btc purchased at an average price of $88,627, meaning the company has over $13.7 billion in unrealized gains.

bitcoin Price Could Soar to New High

bitcoin price is in an uptrend, as indicated by the break above the neckline of the inverse head and shoulders pattern around $65,000 and the strong upward move that followed.

bitcoin price is now trading well above the 50-day and 200-day SMA, supporting the bullish stance.

Furthermore, the Relative Strength Index (RSI) is in the overbought zone, currently at 76 (above 70), suggesting that the price has seen significant bullish momentum and could experience a short-term pullback or consolidation. .

The moving average convergence divergence (MACD) line (blue) is well above the signal line (orange), indicating strong bullish momentum.

According to the analysis of the btc/USD chart in the 1-day period, the price of bitcoin is currently in a sustained uptrend. A continuation of this trend could see the price of bitcoin soar even higher and potentially reach $100,000.

On the contrary, an overextended RSI indicates that btc price needs to correct. In this scenario, bitcoin price could fall back to the 50-day SMA at $71,367.

In the meantime, investors looking for alternatives may want to consider crypto All-Starsa new and innovative ICO that has raised over $4.3 million.

According to 99Bitcoins, a prominent crypto YouTube channel with over 706,000 subscribers, STARS has the potential to grow 100x after its launch.

crypto All-Stars Pre-Sale Secures Over $4.3 Million – Best Meme Coin to Buy Now?

C͏rypto All-S͏t͏a͏r͏s is a revolutionary project that brings the M͏emeVault ecosystem to the crypto world. This electronic system allows holders of various meme coins, including Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, to earn rewards through its native token, STARS. More meme coins will also be added in the coming months.

The intention of the M͏e M͏eVault platform is to unite me͏me coins ͏u͏nder͏ on͏e ͏um͏b͏r͏ella, providing enhanced utility and rewards for meme coin lovers.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.951612903226″>

Why is everyone excited?

In its initial pre-sale phase, crypto All-Stars raised over $350k!

This initial success shows that investors see BIG potential here.

Could this be next? <a target="_blank" href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw”>$PEPE?

— web3telepath (@web3telepath) <a target="_blank" href="https://twitter.com/web3telepath/status/1824051738833260654?ref_src=twsrc%5Etfw”>August 15, 2024

Additionally, the project's retro 8-bit aesthetic resonates with a diverse audience of meme coin fans and serious cryptocurrency investors. This unique visual style and engaging community set it apart in the competitive meme coin landscape.

Investors can also earn passively through the project's native staking mechanism, which offers an impressive annual percentage yield (APY) of 402%.

Investors can purchase the token now for $0.0015806. The price will increase in less than 2 days, so anyone looking to buy STARS will need to act fast to get the best deal.

Buy STARS from their official website here using BNB, USDT or a bank card.

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