Bitcoin Price Prediction: As HBO Documentary Suggests Revealing Identity of BTC Inventor Satoshi Nakamoto, This New ICO Offers 5.263% APY

bitcoin price rose 0.7% in the last 24 hours bitcoin“>listed at $61,424 at 3:20 a.m. EST with trading volume down 5.3% to $35 billion

This slight price increase comes as documentary filmmaker Cullen Hoback and HBO recently hinted that his upcoming documentary “Money Electric: The bitcoin Mystery” may reveal the true identity of bitcoin creator Satoshi Nakamoto.

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Some of you may have wondered why I disappeared. Well, I was tracking down someone else who went missing.

Are you curious to know who is behind bitcoin?twitter.com/hashtag/MoneyElectric?src=hash&ref_src=twsrc%5Etfw”>#ElectricMoney: The mystery of bitcoin drops next Tuesday. It's going to be a roller coaster. twitter.com/hashtag/Satoshi?src=hash&ref_src=twsrc%5Etfw”>#satoshi https://t.co/2B17FZxkqZ

– Cullen (@CullenHoback) twitter.com/CullenHoback/status/1841878334650916922?ref_src=twsrc%5Etfw”>October 3, 2024

Cullen Hoback is best known for his HBO miniseries “Q: Into the Storm,” in which he claims to know several authors behind the QAnon conspiracy theory.

bitcoin Price Could Recover at Previous Support Zone

The BTCUSDT price has been trending downward between July and August, with a series of lower highs and lower lows during that period. bitcoin fell to around $54,500 before finding support and beginning to recover.

After this downtrend, the price broke out of the channel and showed a recovery, forming a potential “inverted head and shoulders” pattern. This inverted head and shoulders pattern is a classic bullish reversal indicator, with a potential “left shoulder,” “head,” and “right shoulder” forming around the $56,500 support level.

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<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/10/Bitcoin-Price-Prediction-As-HBO-Documentary-Suggests-Revealing-Identity-of.png" alt="bitcoin price” width=”1281″ height=”545″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/10/Bitcoin-Price-Prediction-As-HBO-Documentary-Suggests-Revealing-Identity-of.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/10/BTCUSDT_2024-10-04_11-15-40-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/BTCUSDT_2024-10-04_11-15-40-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/BTCUSDT_2024-10-04_11-15-40-768×327.png 768w” sizes=”(max-width: 1281px) 100vw, 1281px”/>

BTCUSDT Analysis Source: Tradingview

The $56,500 support level has significantly stopped the price decline. This level represents a region where buying interest appears strong enough to prevent the price from falling further. If the inverted head and shoulders pattern completes successfully and breaks above the neckline, the price could rise to the $77,000 zone.

The 50-day SMA (green line) is $63,586 and the 200-day SMA (blue line) is $60,443. The 50 SMA is currently above the 200 SMA, indicating a possible bullish crossover, also known as a “golden cross,” seen as a bullish signal, suggesting further bullish momentum.

Currently, the price is fluctuating around the 50 SMA, using it as a support and resistance level as traders closely watch this average.

The RSI indicator is currently around 58, which is above the mid-level of 50, indicating that the bullish momentum is gaining strength, but the price is not yet in overbought territory (which would be above 70) .

bitcoin Price Bullish Reversal Pattern Suggests Huge Upside Potential

bitcoin/USDT shows a possible bullish reversal, with the formation of an inverted head and shoulders pattern. The presence of the 50 and 200 SMAs shows an overall positive market structure, with the possibility of a bullish golden cross forming.

The RSI further supports this positive outlook, with momentum gradually increasing but not yet overbought. Based on this analysis, bitcoin could rise to around $77,000 if the pattern completes successfully.

However, it is essential to monitor the $56,500 support level as a drop below this level could lead to further declines.

The new Flockerz meme coin to vote and win exceeds $ 400 thousand

Investors looking for promising new projects may want to take a look at Flockerz (FLOCK), a new vote-to-earn meme coin that has surpassed $404,000 in funds raised in its pre-sale.

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Flockerz, let's reach that goal and rise even higher! pic.twitter.com/iggKkXkb85

—Flockerz (@FlockerzToken) twitter.com/FlockerzToken/status/1841298309161644478?ref_src=twsrc%5Etfw”>October 2, 2024

Flockerz is a newly launched meme coin with a unique vote-to-win platform. Unlike traditional meme coins, where decisions are made by a select few, Flockerz allows its community, known as “The Flock”, to guide the direction of the project.

At the heart of Flockerz is FlockTopia, an innovative decentralized autonomous organization (DAO) where every token holder can participate and earn rewards through the vote to win (VTE) system. At FlockTopia, members actively shape the future of the project and earn rewards for contributing to key decisions.

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Arriving for a soft landing pic.twitter.com/klb6Nmy4Gw

—Flockerz (@FlockerzToken) twitter.com/FlockerzToken/status/1841950163344228630?ref_src=twsrc%5Etfw”>October 3, 2024

Join FLOCK now and earn amazing APY!

The innovative Vote to Win (VTE) system rewards participants for participating, allowing holders to earn $FLOCK tokens simply by voting on the future of the project. Every vote matters, whether it's deciding on important proposals or shaping the project's next big step.

There is no central authority or hidden power structure. FlockTopia DAO ensures that power is shared equally among all token holders, creating an ecosystem where everyone's voice is heard and every decision contributes to a promising future.

Prominent crypto analyst and YouTuber Claybro, with over 130,000 subscribers, says FLOCK could grow 100x once it launches.

As if all this wasn't enough to attract investors, FLOCK also offers an astonishing 5,263% annual return on staked tokens.

$FLOCK tokens are currently priced at $0.0057012 each. Buy before a price increase in less than 3 days to get the best deal.

Buy FLOCK tokens on the official website here using eth, USDT, BNB and bank card.

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