Join our Telegram Channel to keep up to date with breaking news coverage.
bitcoin price rose a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $60,779 at 3:25 a.m. EST on trading volume that increased 25% to $25.7 billion.
This comes as Anthony Scaramucci, founder of SkyBridge Capital, remains confident that the price of bitcoin will hit $100,000 at some point, albeit later than he had originally expected.
Scaramucci says the delay will be caused by regulatory ambiguities and market conditions.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”7.2467532467532″>
Should you think about? twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc As a store of value? Skybridge Capital's Anthony Scaramucci discusses the digital asset and why he thinks it can still reach $100,000. image.twitter.com/QzX4XxcETj
— Squawk Box (@SquawkCNBC) twitter.com/SquawkCNBC/status/1826602877445349659?ref_src=twsrc%5Etfw”>August 22, 2024
However, Scaramucci said bitcoin's fundamentals are still intact and that growing adoption by institutions is a major bullish factor.
bitcoin price targets a breakout
bitcoin price is now trading within the upper boundary of the sideways pattern as bulls struggle to propel btc above the $61,326 resistance level, data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal sample.
btc has already broken above the 50-day simple moving average (SMA), a confirmation of the bullish trend.
Moreover, the Relative Strength Index (RSI) is bouncing off the mid-50 level, currently at 55 and continuing to rise, indicating that the asset is under intense buying pressure.
If the buying pressure continues, bitcoin price could surge above the 200-day simple moving average (SMA) at $62,009, which is now acting as an immediate resistance zone. The bulls are currently targeting prices above the $68,000 resistance zone.
Additionally, the Moving Average Convergence/Divergence (MACD) also supports the bullish stance as it rises above the neutral line.
Conversely, if the bears take control of the price at this level, the bitcoin price could crash, with $56,747 acting as an immediate support zone.
Meanwhile, investors are buying the new meme coin Meme games (MGMES)which according to the YouTube channel 99Bitcoins, with more than 706,000 subscribers, has a potential 100 times greater.
The Olympic-Themed Meme Games: The Best Cryptocurrency to Buy Now?
Combining the excitement of the Olympic Games with the world of cryptocurrencies, Meme games Allows users to bet on meme characters in fun and competitive events.
Meme Games presents a gamified experience where users can bet on meme characters in Olympic-style events.
Dogecoin ($DOGE), Pepe ($PEPE), DogWifHat ($WIF), Brett ($BRETT), and Turbo ($TURBO) are the meme athletes that token holders can bet on.
Every time you purchase MGMES, you have the chance to earn a 25% bonus on your original purchase by betting on one of the meme athletes.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.2584269662921″>
This is what happens when twitter.com/search?q=%24TURBO&src=ctag&ref_src=twsrc%5Etfw”>$TURBO had one espresso too many. twitter.com/hashtag/Paris2024?src=hash&ref_src=twsrc%5Etfw”>#Paris2024 twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies twitter.com/hashtag/DOGE?src=hash&ref_src=twsrc%5Etfw”>#DOGE twitter.com/hashtag/BRETT?src=hash&ref_src=twsrc%5Etfw”>#BRETT image.twitter.com/TngVhXoMvE
— Meme Games (@MemeGames2024) twitter.com/MemeGames2024/status/1821471455009292450?ref_src=twsrc%5Etfw”>August 8, 2024
The Meme Games is rapidly gaining popularity, having already raised over $391,000 in its pre-sale and is ready for DEX listing on September 10th.
The project also offers an impressive 495% Annual Percentage Yield (APY) for those who buy and stake $MGMES tokensfurther enhancing its appeal.
You can buy $MGMES tokens for $0.0093 each, but buy them early to get the best deal before the price increase occurs in less than two days.
To join the pre-sale, Buy $MGMES from the official website here using eth, BNB, USDT or a bank card.
Related news
PlayDoge (PLAY): The Latest ICO on the BNB Chain
- Virtual 2D Doge Pet
- Play to Win Meme Coin Fusion
- Participation rewards and in-game tokens
- SolidProof audited – playdoge.io
Join our Telegram Channel to keep up to date with breaking news coverage.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
