Bitcoin Price Prediction: As SEC Approves BTC ETF Options Trading for NYSE and CBOE, Investors Flock to This ICO with 2,090% APY

bitcoin price rose 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $68,784 at 11:20 pm EST on trading volume that fell 2% to $33 billion.

This comes after the Securities and Exchange Commission (SEC) approved bitcoin ETFs (exchange-traded funds) for the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). . The approval is seen as a step towards integrating digital assets into traditional finance.

bitcoin price could continue to rise

The bitcoin price chart is showing a bullish reversal pattern after a recent period of consolidation. The bulls appear to be capitalizing on the support around $59,800, which formed a double bottom pattern, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko.

As a result of the rally, btc is now trading above the 50-day and 200-day simple moving averages (SMA).

The RSI stands at 66.55, approaching the overbought zone (above 70). This suggests that the market has strong bullish momentum, but is approaching overbought conditions. A value above 70 could indicate that the asset is overbought and a correction or consolidation could occur.

The overall outlook for WBTC/USD is bullish in the short to medium term. The double bottom pattern, price above key moving averages and strong RSI suggest continued upward momentum.

Sustained bullish momentum could see btc price shoot up to the next possible resistance level at $72,000.

However, caution is warranted as the RSI approaches overbought levels, which may lead to short-term pullbacks or consolidation before the next bullish move. In a bearish scenario, the 200-day SMA at $63,142 could act as a cushion against downward pressure.

As bitcoin price bulls aim to sustain the bullish rally, investors looking for new opportunities could consider a new meme coin ICO called Flockerz (FLOCK).

According to 99Bitcoins, a popular cryptocurrency YouTube channel with over 706,000 subscribers, $FLOCK has the potential to grow 100x after its launch.

Flockerz Heads For $1 Million Pre-Sale

flockerzwhich has raised over $858K, features an innovative decentralized community structure that allows holders to participate in the direction of the project and be rewarded for it through its Vote-to-Earn (V2E) mechanism.

This feature empowers the community and creates a more engaged and dynamic ecosystem.

Flockerz's underlying framework is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder's voice matters.

To participate in the voting process, users must buy $FLOCK tokens. When a new suggestion is submitted, members of The Flock vote.

<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 addition to V2E rewards, users can earn passively through the platform. staffking mechanismwith a very high annual return of 2,090%.

Investors interested in joining the pre-sale can visit the official Flockerz website to purchase FLOCK tokens. at the current price of $0.0058161 each 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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