Bitcoin Price Prediction After Second Best Day for BTC Spot ETFs as Traders Flog into This ICO with 863% APY

bitcoin price has risen almost 3% in the last 24 hours to trade at $71,187 at 01:45 am EST with trading volume increasing almost 20%.

It comes as btc spot ETFs (exchange-traded funds) recorded their second-best day of net inflows, reaching nearly $887 million.

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SO BULLISH!!

BREAKING MINUTE: Spot twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETFs record $887 million in daily net inflows, second-highest level in history

—Kyle Chassé (@kyle_chasse) twitter.com/kyle_chasse/status/1798212098662772990?ref_src=twsrc%5Etfw”>June 5, 2024

Fidelity led the positive flows, registering up to $378.7 million, followed by BlackRock's IBIT with $275 million.

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This is crazy.

Almost +$1 billion in twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF net inflows today.

Loyalty: +$378.7MM
IBIT+$275.0MM
ARKB + $138.7MM
BITB+$61.0MM
GBTC +$28.2MM
HODL+$4.0MM

This is the second highest daily entry since its launch.

Bullish.

– Miles Deutscher (@milesdeutscher) twitter.com/milesdeutscher/status/1798162691787550841?ref_src=twsrc%5Etfw”>June 5, 2024

Commenting on the Fidelity example, Eric Balchunas, ETF specialist at Bloomberg Intelligence, says: “The third wave is becoming a tidal wave.”

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Fidelity does not mince words, today great flows flow for The Ten, almost a billion dollars in total. Second best day since mid-March. $3.3 billion in the last 4 weeks, net year to date at $15 billion (which was the high end of our trailing 12-month estimate). The 'third wave' is becoming a tidal wave. https://t.co/S9yeSHaNbV

– Eric Balchunas (@EricBalchunas) twitter.com/EricBalchunas/status/1798156058487382232?ref_src=twsrc%5Etfw”>June 5, 2024

Reports indicate that BlackRock purchased 3,900 btc tokens, worth over $273 million at the current price.

bitcoin Price Prediction Amid Rising btc ETF Inflows

The price of bitcoin is trading with a bullish bias, consolidating within an ascending parallel channel. If the bulls manage to keep the price within this channel, btc holders will surely make more profits. Further buying pressure above current levels could see bitcoin price regain gains.

A stable close above the center line of the channel would set the tone for bitcoin price to regain its high of $73,570.

Notably, the moving average convergence divergence has crossed above the orange band of the signal line, effectively executing a buy signal. When the MACD crosses above the signal line, it is usually considered a bullish signal in technical analysis.

This crossover suggests that the short-term moving average (MACD line) is crossing above the long-term moving average (signal line), indicating an upward momentum shift in the asset's price.

This crossover is often interpreted by traders and investors as a potential buying opportunity as it represents a shift towards positive momentum and potentially higher prices in the near term. It is considered a confirmation of bullish momentum.

This outlook is reinforced by the higher lows of the Relative Strength Index (RSI), suggesting growing bullish momentum.

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eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed” target=”_blank” rel=”noopener”>GeckoTerminal: GME/USD 1-day chart

On the other hand, if the bears start to book profits, the price of bitcoin could pull back. In such a directional bias, btc could fall below the Golden Fibonacci Zone, where a slide below the 50% Fibonacci placeholder of $65,120 would invalidate the bullish thesis.

Meanwhile, as the price of bitcoin rises, investors are also rushing to buy 99BTC, a pre-sale that is about to surpass $2 million in funds raised.

“If you like making money… 99Bitcoins could be for you,” crypto YouTuber ClayBro says of the project.

Promising alternative to bitcoin

99BTC is the token that powers the 99Bitcoins Learn-to-Earn platform. This established project presents a renewed educational platform committed to monetizing education for end users.

Simply put, as you learn about cryptocurrencies, you create them through a unique combination of gamification and a ranking reward system. For this reason, learning brings tangible rewards.

You can also stake your 99BTC tokens to earn 863% annual rewards. So far, more than 1.262 million 99BTC tokens have been staked.

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Exclusive access to advanced modules is available to $99 btc token holders.

Delve into topics ranging from sophisticated trading strategies to in-depth topics twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain technological applications.

Enjoy the twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale now!
https://t.co/NXD7DAamqrtwitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin twitter.com/hashtag/CryptoNews?src=hash&ref_src=twsrc%5Etfw”>#CryptoNews pic.twitter.com/M5p0dtDc9f

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1784583408183660750?ref_src=twsrc%5Etfw”>April 28, 2024

Of a total of 99 billion 99BTC tokens, 15% have been reserved for sale over the course of a fourteen-round pre-sale. The goal is to raise the necessary funds to accelerate cutting-edge development around the project's BRC-20 integration.

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Our twitter.com/hashtag/Learn2Earn?src=hash&ref_src=twsrc%5Etfw”>#Learn2Earn The platform is at the center of our mission to educate.

You will be able to immerse yourself in a wide range of topics, from twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain From basics to advanced trading strategies, all while unlocking rewards!

Discover more: https://t.co/NXD7DAamqrtwitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/CryptoNews?src=hash&ref_src=twsrc%5Etfw”>#CryptoNews twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc pic.twitter.com/l9sjDsjOAb

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1784221058481938450?ref_src=twsrc%5Etfw”>April 27, 2024

Each 99BTC token is sold for $0.00108 at the current stage. However, a price increase will occur in about six days, so buy soon if you're interested.

Buy 99Bitcoins on the official website here using eth, USDT or a bank card.

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