Bitcoin Price Prediction: As US Government Sends $240M of BTC to Coinbase, This Learn-to-Earn Token Races Towards $3M

bitcoin price fell 1% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $61,127 at 12:57 a.m. EST on trading volume that fell 20% to $21 billion.

This comes after the US government transferred 3,940 btc worth $240 million to a Coinbase Prime address. The btc were said to have originally been seized from Silk Road vendor and narcotics trafficker Banmeet Singh in a trial that took place in January.

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Update: US Government Sends $240 Million btc to Coinbase Prime

The US government just transferred 3,940 btc ($240 million) to Coinbase Prime.

This btc was originally seized from drug trafficker Banmeet Singh and confiscated in a trial in January 2024.

Transaction: https://t.co/hZ1CwqWCmF image.twitter.com/9t6k8Wdizq

– Arkham (@ArkhamIntel) twitter.com/ArkhamIntel/status/1806012299494273149?ref_src=twsrc%5Etfw”>June 26, 2024

The wallet linked to US authorities moved $2 billion in btc on April 2, sparking speculation about a liquidation at the time. This is why, after this recent transaction, the market fell only modestly, along with btc.

Still, btc fell below critical support at $62,000, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Gecko Terminal.

bitcoin Price Set for Uptrend Reversal Above Bullish Pennant

bitcoin price is preparing for a major price reversal above the lower boundary of the bullish pennant pattern. btc price is trading well above the 200-day simple moving average (SMA), which is a confirmation of the long-term bullish trend above the pennant.

Additionally, the 50-day SMA acts as an immediate resistance level around $66,469.

The Relative Strength Index (RSI) also coincides with the slight pullback in bitcoin price, as the RSI falls towards the oversold level 30, currently at 32, an indication of intense selling pressure.

According to the btc price analysis on the 1-day chart, btc has been trending downwards in the past few days. If the bears maintain the downtrend, bitcoin price may break the $60,000 support zone, while the bulls pull back to the $57,818 support level, which coincides with the 200-day SMA.

On the contrary, the RSI is already trading within the oversold level, which may be a signal for the bulls to start a repurchasing campaign. In such a scenario, the bulls may perform a reversal of the bullish trend above the pennant, targeting $90,000.

Meanwhile, as btc price bulls look for support to propel the cryptocurrency higher, investors might consider switching to the learning platform to make money. 99 Bitcoins (99 btc).

According to Jacob Bury, a prominent crypto YouTuber, 99BTC has the potential to turn $1,000 into $10,000 after launch.

99Bitcoins Pre-Sale Surpasses $2.3 Million: Best Cryptocurrency to Buy Now?

The 99Bitcoins website is set for a major relaunch in the third quarter of this year amid an explosive pre-sale of the new 99BTC token.

99Bitcoins is an educational platform with more than 700,000 subscribers on its YouTube channel and more than 2 million people registered for the website's courses.

The platform aims to enhance the learning experience by gamifying bitcoin education. Users complete challenges and lessons to earn higher rankings and earn $99BTC as a reward.

The L2E narrative could be the next big cryptocurrency, and 99BTC has already amassed over $2.3 million in its pre-sale.

99Bitcoins also integrates with BRC-20, allowing users to easily create dApps 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 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 rewards users on the bitcoin blockchain.

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

As a token holder, you also have the opportunity to earn passively through the platform's betting systemwhere you can stake $99 btc for an impressive 736% Annual Percentage Yield (APY).

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How many of these bad boys twitter.com/PeterSchiff?ref_src=twsrc%5Etfw”>@PeterSchiff be bursting? twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/CryptoCurrency?src=hash&ref_src=twsrc%5Etfw”>#CryptoCurrency twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc pic.twitter.com/yIEeuGsSdx

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1794684946453262569?ref_src=twsrc%5Etfw”>May 26, 2024

You can buy 99BTC now for $0.00111. With the price set to rise in about five days, don't put things off for too long and miss out on the chance to get the best deal.

To join the pre-sale, You can buy $99 btc from the official website hereYou have the option to purchase the tokens using eth, USDT or a bank card.

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