Bitcoin Price Prediction as HashDex Files with SEC for Combined BTC and Ethereum Spot ETF and 99BTC ICO Nears $3 Million

bitcoin price fell a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $65,720 At 04:01 am EST trading volume fell 5% to $34 billion.

This comes as asset manager Hashdex recently proposed a combined bitcoin and ethereum spot ETF (exchange-traded fund) to the US Securities and Exchange Commission. The Hashdex Nasdaq crypto Index US ETF aims to provide investors direct exposure to the two major cryptocurrencies, bitcoin and ethereum.

Hashdex will use Coinbase and BitGo to secure custody of its bitcoin and ethereum holdings. The SEC has 90 days to review the proposal and a final decision is expected by March 2025.

James Seyffart, ETF analyst at Bloomberg Intelligence, notes that the ETF has the potential to include other digital assets as they are approved by the SEC.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”7.2301255230126″>

twitter.com/hashdex?ref_src=twsrc%5Etfw”>@hashdex already has a crypto index ETF trading down in Brazil. These are the assets you currently own and their weight in the fund. 90% is bitcoin and ethereum. pic.twitter.com/5yRCDsfUs0

-James Seyffart (@JSeyff) twitter.com/JSeyff/status/1803087413088043124?ref_src=twsrc%5Etfw”>June 18, 2024

bitcoin Price Outlook: Bulls aim for $77K

Since May, bitcoin price has capitalized on the inverse head and shoulders pattern to push the token into the resistance zone around $72,108, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko sample. However, bitcoin price has been trading within this range, within a consolidation channel.

Over the past week, the bears appear to have won the fight for dominance, pushing the token down as it breached the channel's lower boundary.

btc price also fell below the 50-day and 200-day simple moving averages (SMA), which now act as immediate resistance levels at $66,658 and $68,069.

Furthermore, the Relative Strength Index (RSI) is also trading below the mid-level of 50, currently at 47, but with signs of upside, which could indicate an incoming buying frenzy.

bitcoin price prediction

He bitcoin price Analysis of the 4-hour chart shows that bitcoin price is currently in a downtrend, having broken through the lower boundary of the consolidation channel.

Furthermore, the 50-day SMA has crossed below the 200-day SMA, forming a death cross around $67,887. A death cross could encourage investors to sell the asset, which could further push btc price to the next support level of around $63,000.

However, if the bulls make a trend reversal at this level to cross the $66,658 resistance level, btc could negate the bearish sentiments and rise above the channel as the bulls target $77,000.

Meanwhile, some investors are turning to bitcoin-themed tokens that could benefit from another bull run. A coin of this type costs 99 btc dollars and has already raised more than 2.2 million dollars in its pre-sale.

99Bitcoins pre-sale exceeds $2.2 million

99Bitcoins (99BTC) has been apillar of crypto education since 2013. It has more than 2 million registered users for its courses and more than 700,000 subscribers on its YouTube channel.

With the start of its ICO, the project plans to incentivize learning through the Learn-to-Earn concept, where users can improve their blockchain knowledge through interactive courses and quizzes on the 99Bitcoins platform while earning $99BTC.

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What is spatial computing? Discover how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming AR/VR, making immersive digital worlds more interactive and safe.

Dive deeper: https://t.co/2hlZYRFHBvtwitter.com/hashtag/99BTC?src=hash&ref_src=twsrc%5Etfw”>#99BTC twitter.com/hashtag/SpatialComputing?src=hash&ref_src=twsrc%5Etfw”>#SpatialComputing twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw”>#web3

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw”>April 8, 2024

$99BTC holders can also benefit from attractive annual percentage yields (APY), currently 759%, when staking their tokens.

According to Jacob Bury, cryptocurrency analyst and YouTuber, the $99 btc token could grow 10x after its launch.

You can buy $99 btc tokens for $0.0011 each. Since the price will increase in less than six days, buy soon to get the best deal.

To join the pre-sale, buy $99BTC from the official website here using eth, USDT or a bank card.

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