Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price up a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $71,273 At 03:28 am EST trading volume fell 5% to $26 billion.
Standard Chartered Bank sees better days ahead for the king of cryptocurrencies. Head of Forex and Digital Asset Research Geoffrey Kendrick Says btc Price Could Hit $150,000 by the End of 2024 Due to Optimism Around Donald Trump Re-Oceeding Presidential Election of November.
Kendrick also said that the price of bitcoin could rise to $200,000 by the end of 2025.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.676557863501″>
bitcoin May Hit $150,000 by End of 2024 Amid Trump's Reelection Hopes, Standard Chartered Says
bitcoin at $150,000 by the end of 2024? Experts Believe a Trump Election Victory Could Boost the crypto Industry! twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc twitter.com/hashtag/Trump2024?src=hash&ref_src=twsrc%5Etfw”>#Trump2024 twitter.com/hashtag/CryptoMarket?src=hash&ref_src=twsrc%5Etfw”>#CryptoMarket pic.twitter.com/xnnXnR1koa
— smita (@smitatothemoon) twitter.com/smitatothemoon/status/1798770707851301029?ref_src=twsrc%5Etfw”>June 6, 2024
bitcoin and the broader crypto market have seen a surge in sentiment since May due to regulatory approval of ethereum ETFs (exchange-traded funds). Additionally, btc spot ETFs continue to see significant inflows, surpassing $15 billion in net inflows on Tuesday for the first time since their launch in January. This has actively boosted sentiment among bitcoin traders.
Following the approval of the eth ETFs, bitcoin was able to rally from the lower boundary of the symmetrical triangle, using the $61,073 support zone to push the price above the upper boundary of the triangle, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko.
The crypto Fear and Greed Index shows the market fell into extreme greed earlier this week amid optimism about the future prospects of the crypto market.
bitcoin Price Prediction: Bulls Eye Sustained Rally Above Symmetrical Triangle
bitcoin price is still trading above the 50- and 200-day SMA, a confirmation of bullish potential.
Additionally, the Relative Strength Index (RSI) is rising as it approaches the overbought region of 70, currently at 62, showing that buyers have the upper hand.
The Moving Average Convergence Divergence (MACD) line (blue) crosses above the orange signal line, opening positions for bullish investors as it forms a bullish crossover. The green bars on the histogram are also starting to form above the neutral line, showing that btc is currently on a positive trajectory.
With all technical indicators encouraging bulls to buy more, btc could shoot up to the next ATH of $90,000.
However, since the asset is highly overbought, there could be an imminent price pullback towards the $55,271 support level, which coincides with the 200-SMA.
With bitcoin's price outlook looking strong, some investors are turning to bitcoin-themed tokens that could benefit from another strong rally. One of those coins is $99BTC, which has already raised more than $1.9 million in its pre-sale.
99Bitcoins pre-sale approaches $2 million
Since its beginnings in the cryptographic field, 99Bitcoins (99BTC) has become a pillar of crypto education. At first, the platform could only offer detailed guides for trading, wallets, and earning cryptocurrencies, but it has since undergone a massive transformation.
The platform has more than 2 million registered users in its courses and more than 700,000 subscribers on its YouTube channel.
The introduction of its $99 btc token ICO has fueled an innovative learn-to-earn (L2E) model. 99Bitcons aims to gamify crypto education by allowing users to take on challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.3562753036437″>
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
Additionally, 99Bitcoins merges with BRC-20, making it easier for developers to build applications on the bitcoin network.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.148148148148″>
Introducing $99BTC in BRC-20!
Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins has been the reference resource to learn 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”>#dApps at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin network!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin rewards users on the bitcoin blockchain.
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024
You can also earn passively through the project participation modeloffering an impressive 855% Annual Percentage Yield (APY).
Jacob Bury, a prominent cryptocurrency analyst on YouTube, says the 99Bitcoins token could grow 10x after its launch.
You can buy $99 btc tokens for $0.00108 each. With prices rising in less than 4 days, buy soon to secure the best deal.
To join the pre-sale, buy $99BTC from the official website here using eth, USDT or a bank card.
Related news
99Bitcoins (99BTC) – New token to learn how to earn
- Audited by solid evidence
- Established brand: founded in 2013
- Free Airdrop – Win a Share of $99,999
- Learn to Earn: Earn money to complete trading courses
- More than 700,000 YouTube communities
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>