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bitcoin price fell 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $67,431 At 03:27 am EST, trading volume increased 44% to $37.8 billion.
This comes as Bitcoiners criticize MicroStrategy co-founder Michael Saylor for comments recommending bitcoin custody through “too big to fail” financial institutions, a change from his previous stance supporting self-custody.
In an October 21 interview with financial markets reporter Madison Reidy, Saylor suggested that Bitcoiners have nothing to lose by transferring their btc to institutions.
An investor who thinks state-sanctioned bitcoin seizure is possible is a “paranoid cryptoanarchist,” he said.
bitcoin Price Indicators Still Support a Bullish Rally
bitcoin price has been in a consolidation phase since August as bulls have continually struggled to push btc above the $65,400 resistance, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko. btc recently broke out of the sideways pattern, and the token is eyeing a continued rally above the upper boundary.
btc is now trading above the 50- and 200-day SMA, affirming the bullish stance.
Furthermore, the Relative Strength Index is still trading slightly below the 70 overbought region, currently at the 60 level, indicating that there may still be a position for the bulls to buy and get in on the action before another bullish move.
In a scenario where the price can continue to rise, the bulls can push the price further towards the long-term target of $80,000.
Meanwhile, if the bears take control here, bitcoin price may fall back to the lower support of $56,400.
As the price of bitcoin declines, investors looking for new opportunities could consider a new meme coin ICO called Flockerz (FLOCK)which has raised over $971,000 and offers a stratospheric Annual Percentage Yield (APY) of 1,738%.
Flockerz pre-sale moves towards the million dollar mark
Flockerz is building a project where the community is at the center of decision-making and is even paid to participate through a Vote-to-Earn (V2E) system.
Flockerz aims to redefine decentralization through its community-driven governance model, Flocktopia. Unlike other projects, where a select few make decisions, FLOCKERZ opens its governance to all token holders.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.3925925925926″>
The flock flies high! We have officially surpassed $300k! pic.twitter.com/MsLc5PeoyX
—Flockerz (@FlockerzToken) twitter.com/FlockerzToken/status/1840049282889724227?ref_src=twsrc%5Etfw”>September 28, 2024
In Flocktopia, decisions about the future of the project are made collectively by “The Flock”, the community of $FLOCK holders. Each member has a say, making the platform a truly decentralized and inclusive environment.
In addition to V2E rewards, users can earn passively through the platform. betting mechanismwith a very high annual return of 1,738%.
To join the pre-sale, You can buy $FLOCK on the official website here. for $0.0058394 per token using BNB, eth or USDT. You can also make a purchase with your bank card.
Buy before a price increase in less than 3 days to secure the best deal.
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