Bitcoin Price Prediction: As Bernstein Says, BTC and ETH ETF Markets to Hit $450 Billion, 99BTC ICO Closes at $2 Million

bitcoin price fell 1.2% in the last 24 hours bitcoin“>listed at $67,760 at 7:25 a.m. EST, despite a 5.2% increase in trading volume to $26.8 billion.

This drop comes as broker Bernstein predicts that bitcoin and Ether ETFs (exchange-traded funds) will grow to become a $450 billion market.

Bernstein indicated that more than $100 billion could flow into crypto ETFs in the next two years. The broker also noted that the US approval of Ether spot ETFs last week has positive implications for competing tokens like Solana.

Bernstein also predicts that bitcoin will reach a cycle high of $150,000 in 2025 and set a year-end price target of $90,000.

bitcoin Price on Verge of Breakout Above Bullish Pennant

Despite maintaining some gains during the week, bitcoin is still trading within the bullish pennant as the bulls prepare to initiate a rally above the pennant.

The formation of the bullish pennant hints at a possible uptrend, suggesting that the bullish momentum could continue and possibly push prices beyond bitcoin's all-time high of $73,737.

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<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/05/Bitcoin-Price-Prediction-As-Bernstein-Says-BTC-and-ETH-ETF.jpg" alt="bitcoin price” width=”1600″ height=”688″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/05/Bitcoin-Price-Prediction-As-Bernstein-Says-BTC-and-ETH-ETF.jpg 1600w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSD-300×129.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSD-1024×440.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSD-768×330.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSD-1536×660.jpg 1536w” sizes=”(max-width: 1600px) 100vw, 1600px”/>

BTCUSDT analysis. Source: Tradingview.com

The price is also showing a bounce off the 50-day simple moving average (SMA), while the 200-day SMA continues to offer solid support for bitcoin, keeping the bullish momentum intact. If bitcoin starts to rise, it could confirm the anticipated rally above the 50-day SMA and break the pennant's upper trend line.

Despite being in a short-term downtrend, the Relative Strength Index (RSI) recovered from the oversold level of 30, crossing the midline between 50 and 65, indicating intense buying pressure. If there is a bounce off the neutral 50 level, it could push the RSI back into the overbought zone.

Furthermore, the green bars on the Moving Average Convergence Divergence (MACD) indicator and the recent crossover above the signal line further strengthen confidence in bitcoin's bullish outlook.

bitcoin Price Bulls Prepare for Bullish Rally Above Pennant

bitcoin price is on the verge of a major bullish rally despite the short downtrend to the 50 SMA, as traders take advantage of the presence of the bullish pennant to push bullish momentum towards a new all-time high of $85,527.

However, if the bears continue the downtrend, the price could fall below the 50 SMA inside the pennant at $65,827. Further downward pressure could lead to a pullback towards the lower trend line at $61,514.

Best 100X Learn To Earn Cryptocurrency To Buy Today?

Meanwhile, some bitcoin investors are diversifying their portfolios with 99Bitcoins ($99BTC)a Learn-To-Earn platform that is rapidly attracting investors to its pre-sale.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.148148148148″>

Introducing $99BTC in BRC-20!

Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins has been the reference resource to learn about twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency.

We are launching a platform that allows the construction of twitter.com/hashtag/dApps?src=hash&ref_src=twsrc%5Etfw”>#dApps at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin network!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin rewards users on the bitcoin blockchain.

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024

99Bitcoins is an educational platform with more than 2 million users registered in its courses.

The platform is preparing to launch a decentralized platform that aims to empower users to delve deeper into the world of cryptocurrencies while allowing them to earn tokens through education.

It uses a friendly approach, using interactive videos to simplify learning.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”9.6870967741935″>

Place twitter.com/hashtag/EthereumETF?src=hash&ref_src=twsrc%5Etfw”>#EthereumETF The listings have been approved by the United States. twitter.com/hashtag/SEC?src=hash&ref_src=twsrc%5Etfw”>#SECONDbut with more than 380 million dollars in leveraged positions closed by Spot twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw”>$eth ETF movement: selling pressure has slowed the market reaction.

Get more information at https://t.co/Im5mk5gLputwitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum twitter.com/hashtag/eth?src=hash&ref_src=twsrc%5Etfw”>#eth

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1795772122909888842?ref_src=twsrc%5Etfw”>May 29, 2024

99Bitcoins aims to gamify learning about cryptocurrencies, making it more engaging and fun. By completing lessons and overcoming challenges, users can climb the ranks and earn rewards in the form of $99 btc tokens.

The token can also be staked to earn a 984% annual return. Of the total token supply of 99 billion, 14% is allocated to staking rewards.

Jacob Bury, a prominent crypto YouTuber, believes that 99BTC can potentially turn $1,000 into $10,000 upon launch.

The 99BTC pre-sale has already raised over $1.7 million as it heads toward its next goal of $2.48 million.

You can buy 99 btc for $0.00107 per token, but the clock is ticking as the price will increase in less than six days.

Buy $99BTC at the official website here using eth, USDT or a bank card.

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