Bitcoin Price Drops Below $60,000 After 5% Drop as Experts Claim This Solana GambleFi Token Could Explode

bitcoin price fell 5% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $59,427 at 12:49 a.m. EST on trading volume that increased 46% to $41.6 billion.

The drop has resulted in the liquidation of $287.03 million by traders holding long positions. In total, $322.03 million has been liquidated from the market, according to data from Coinglass.

bitcoin price could still rise

bitcoin price has been in a downtrend over the past two days as btc traded within a sideways pattern again. According to data from GeckoTerminal, btc price bulls are currently struggling to push bitcoin price above the $66,000 resistance zone.

btc is now trading below the 50 and 200 simple moving averages (SMA) on the 4-hour chart, which confirms the current bearish price trend.

Additionally, the Relative Strength Index (RSI) is trading below the oversold level of 30, which shows that btc is currently under intense selling pressure and is undervalued.

The fact that the asset is undervalued opens up positions for the bulls to buy more. In this scenario, the bitcoin price could rebound, which could take btc to the resistance level of $67,000.

The 50 SMA is now crossing above the 200 SMA, forming a golden cross at $61,500, which further supports the bullish sentiments.

However, the recent price movements have formed a bearish rounding pattern. If the bears take advantage of the rounding, the bitcoin price may crash and correct to the $56,000 support.

Meanwhile, as bitcoin price looks set for a rally, Solana GameFi fans are buying up the new token. Mega Dice (DICE).

Influential cryptocurrency YouTubers like TodayTrader are predicting a substantial return on investment, speculating a potential “100x” for DICE after launch.

SAYS: The next cryptocurrency that will multiply by 100? Join the Dice mega-ecosystem today

Solana’s up-and-coming GambleFi token, Mega Dice, has already raised over $1.75 million in its ICO as investors continue to support this established name in the online gambling world.

Mega Dice Casino is no ordinary platform: it boasts over 11,000 active users and processes over $50 million in bets monthly. 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.

Plus, seamless integration with the popular TON Wallet on Telegram means managing 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

With DICE having already raised over $1.75 million through its pre-sale, momentum is rapidly building. The tokens are currently priced at just $0.110529 each.

Buy DICE here.

Related news:

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