Bitcoin Price Prediction as Kamala Harris Considers Bitcoin 2024 in Nashville, Mt. Gox Transfers $2.47 Billion in BTC, and 99 BTC ICO Offers Last Chance to Buy

bitcoin price fell 0.75% over the past 24 hours to trade at $65,963 as of 03:15 am EST on trading volume that dropped 23%.

This comes ahead of one of the biggest annual events in the cryptocurrency space, the bitcoin 2024 Conference, which is set to kick off on Thursday, July 25 in Nashville, Tennessee. US Vice President and de facto Democratic candidate Kamala Harris may reportedly attend the conference.

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BREAKING: KAMALA HARRIS CAMPAIGN IS IN TALKS TO POTENTIALLY SPEAK AT bitcoin CONFERENCE 2024 image.twitter.com/99BF24ZE2P

— Blockchain Daily (@blckchaindaily) twitter.com/blckchaindaily/status/1815855497066524744?ref_src=twsrc%5Etfw”>July 23, 2024

David Bailey, CEO of bitcoin Magazine and one of the organizers of The bitcoin Conference, confirmed talks with Harris about an appearance at bitcoin 2024.

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We are in talks with the Kamala Harris campaign to have her speak at the conference. It would be very smart of them to reestablish Democratic standing with the fastest-growing voting bloc in the country. They are making a decision today.

— David Bailey $0.65M per btc is the minimum (@DavidFBailey) twitter.com/DavidFBailey/status/1815848521205178404?ref_src=twsrc%5Etfw”>July 23, 2024

If he does speak, he will join Republican candidate Donald Trump, who is confirmed among the event's keynote speakers. There is speculation that Trump could announce plans to use btc as a digital reserve in the US.

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What if Kamala Harris announced the 'twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Strategic Reserve' before Trump? image.twitter.com/nTypZE2Lrx

— Dennis Porter (@Dennis_Porter_) twitter.com/Dennis_Porter_/status/1815869389641769265?ref_src=twsrc%5Etfw”>July 23, 2024

Elsewhere, defunct cryptocurrency exchange Mt.Gox is also making headlines after on-chain smart money tool Lookonchain revealed a $2.47 billion transaction on Wednesday morning, July 24.

This comes amid ongoing payouts following its collapse 10 years ago, when btc was worth around $100. Creditors are also confirming receipts. Kraken is among the exchanges selected by the trustee to facilitate the investigation and return of customer funds.

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Mt. Gox moved 37,477 people twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($2.47B) again 30 minutes ago!twitter.com/hashtag/MtGox?src=hash&ref_src=twsrc%5Etfw”>#MtGox Has transferred 52,549 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($3.31B) to twitter.com/hashtag/Bitstamp?src=hash&ref_src=twsrc%5Etfw”>#bit stamp, twitter.com/hashtag/Kraken?src=hash&ref_src=twsrc%5Etfw”>#Krakenand twitter.com/hashtag/Bitbank?src=hash&ref_src=twsrc%5Etfw”>#Bitbank for refund from July 5th.https://t.co/f2q66eQfEM image.twitter.com/vZVdCWHwG1

— Lookonchain (@lookonchain) twitter.com/lookonchain/status/1815980004691345730?ref_src=twsrc%5Etfw”>July 24, 2024

These developments highlight the growing adoption of bitcoin and cryptocurrencies in general, a narrative that is gaining prominence in American politics.

Meanwhile, a crypto-report” target=”_blank” rel=”noopener”>CoinGecko Report says the fourth bitcoin halving had no noticeable impact on the price of bitcoin.

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CoinGecko's Q2 2024 crypto Industry Report is OUT NOW

After nearly surpassing all-time highs in Q1 2024, the total cryptocurrency market capitalization gave back some of those gains in Q2, falling 14.4% to close at $2.43 trillion in June.

Here are 7 key points you shouldn't miss image.twitter.com/A8zz42RtGo

— CoinGecko (@coingecko) twitter.com/coingecko/status/1813142311074996470?ref_src=twsrc%5Etfw”>July 16, 2024

bitcoin Price Prediction

bitcoin price is moving in an uptrend despite the minor correction. It is consolidating within an ascending parallel channel. It has also broken out of the Fibonacci golden zone but is at risk of falling back into the range amid dwindling investor conviction.

If it breaks below the 38.2% Fibonacci retracement level of $65,772, it could extend the decline. However, the chart suggests a possible bounce, which means the mentioned level could be a good entry for late bulls.

Chances of a bounce arise as the Relative Strength Index (RSI) is still holding above the mid-50 level. This, coupled with the bullish outlook on the Moving Average Convergence Divergence (MACD), increases the odds of a recovery.

Specifically, the MACD is in positive territory, holding well above the signal line (orange band). Its histograms are also flashing green, which is evidence of the bullish sentiment in the market. However, while a recovery seems imminent, the uptrend and a potential new all-time high will only be confirmed after a breakout and close above the supply zone between $71,113 and $72,747.

<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201366%20768'%3E%3C/svg%3E" alt="bitcoin” width=”1366″ height=”768″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-as-Kamala-Harris-Considers-Bitcoin-2024-in.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-300×169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-1024×576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-768×432.png 768w” data-lazy-sizes=”(max-width: 1366px) 100vw, 1366px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-as-Kamala-Harris-Considers-Bitcoin-2024-in.png”/>

<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-as-Kamala-Harris-Considers-Bitcoin-2024-in.png" alt="bitcoin” width=”1366″ height=”768″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/07/Bitcoin-Price-Prediction-as-Kamala-Harris-Considers-Bitcoin-2024-in.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-300×169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-1024×576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/BT-768×432.png 768w” sizes=”(max-width: 1366px) 100vw, 1366px”/>

eth/pools/0x4585fe77225b41b697c938b018e2ac67ac5a20c0″ target=”_blank” rel=”noopener”>GeckoTerminal: btc/USD 1-day chart

On the other hand, if the $65,772 level is breached, the bitcoin price could fall. Subsequently, the key levels to watch would be $63,369 and $60,965, with the latter being the most critical as a breakout would trigger panic selling.

However, for the overall bullish outlook to be invalidated, bitcoin price must break and close below the $54,000 threshold.

Meanwhile, as the bitcoin price remains temporarily stable, prominent cryptocurrency YouTuber Jacob Bury says the 99Bitcoins (99BTC) pre-sale could potentially increase 10x after its launch.

Promising alternative to bitcoin

99Bitcoins is an educational platform with over 2 million registered users on its courses and over 705,000 subscribers on its YouTube channel. Since its inception in the cryptocurrency space, 99Bitcoins has become a pillar of cryptocurrency education.

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Revolutionizing twitter.com/hashtag/Learn2Earn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin!

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Have a look: https://t.co/NXD7DAamqrtwitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin image.twitter.com/rtBrEJjaZA

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1787063963382939801?ref_src=twsrc%5Etfw”>May 5, 2024

The introduction of its $99BTC token has fueled an innovative learn-to-earn (L2E) model. 99Bitcons will gamify crypto education by allowing users to take on challenges and complete lessons to earn higher rankings and rewards via $99BTC tokens.

The project also merges with BRC-20, making it easier for developers to build applications on the bitcoin network.

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Introducing $99BTC in BRC-20!

Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins It has been the reference resource for learning 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”>#DecentralizedApplications at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin net!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin Reward users on the bitcoin blockchain.

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

Investors can also earn passively through the project’s staking model, which offers an impressive 684% annual percentage yield (APY).

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Our twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale It's almost over!

Secure your $99 btc tokens now before the final price increase!

Pre-sale ends on August 6th at 14:00 UTC. Don't miss out! twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies photo.twitter.com/ggU70617jT

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1815681279595049211?ref_src=twsrc%5Etfw”>July 23, 2024

The project has already amassed over $2.5 million in funding and is now offering one last chance to purchase with the pre-sale set to close on August 6.

The $99 btc token costs $0.00115. The pre-sale is about to end, so buy it now to get the best deal.

Visit and buy 99Bitcoins tokens here.

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