Bitcoin Price Prediction: BlackRock ETF Buys Over $1 Billion Worth of BTC as Investors Flock to Cryptocurrency for Learning to Make Money with 693% APY

bitcoin's price has soared 12% over the past week, even after a 0.7% drop over the past 24 hours, to trade at $64,298 as of 12:14 a.m. EST.

Bulls are still in control of the market amid an optimistic sentiment. Part of the tailwinds are due to positive news about bitcoin ETFs (exchange-traded funds), whose balances hit a new all-time high of over 900,636 btc.

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BREAKING NEWS: US Announcement twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF balances have reached a new all-time high of over 900,636 btc image.twitter.com/IeTRuMXrub

— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1814048204176097748?ref_src=twsrc%5Etfw”>July 18, 2024

Meanwhile, American internet entrepreneur and celebrity Dave Portnoy says that a re-election of Donald Trump in 2024 would boost the price of bitcoin.

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NEW: Dave Portnoy says a Donald Trump re-election in 2024 would increase the price of twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin

“It's going to break.” photo.twitter.com/tL3uTNp2jG

— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1814006969822597596?ref_src=twsrc%5Etfw”>July 18, 2024

On the other hand, reports indicate that bitcoin Depot, the largest btc ATM operator, is planning to adopt a bitcoin treasury. This could bode well for the pioneering cryptocurrency, considering it generates around $700 million annually.

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BREAKING NEWS: The biggest twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ATM operator bitcoin Depot will adopt a twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc treasury

They earn $700,000,000 a year image.twitter.com/4L3XE5TPWE

— bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1813965120516555253?ref_src=twsrc%5Etfw”>July 18, 2024

The big news, however, is that IBIT ETF issuer BlackRock bought over $1 billion worth of bitcoin in July. On July 18 alone, investors bought over $107 million, marking the ninth consecutive day of capital inflows.

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BREAKING NEWS: Blackrock has bought more than $1 billion in shares twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin this month, including $107 million today.

There are 18,600 twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin

This is a total acceleration of the entries image.twitter.com/nPptlIyEvX

—Thomas | heyapollo.com (@thomas_fahrer) twitter.com/thomas_fahrer/status/1814084775436796109?ref_src=twsrc%5Etfw”>July 18, 2024

The data, which points to growing interest, is not surprising given the elevated levels of greed in the market, which could play a good role in driving the price of bitcoin even further north.

bitcoin Price Prediction Amidst Elevated Levels of Greed in the btc Market

bitcoin price is trading in an uptrend, holding well above the 50% Fibonacci level marker of $63,558. According to technical indicators, the market is favoring the upside, with the Relative Strength Index (RSI) showing increasing momentum as it remains above the mid-50 level.

Looking at the Moving Average Convergence Divergence (MACD), the indicator has moved into positive territory. Its crossover above the signal line (orange band) shows that buying pressure is higher than selling pressure. The MACD histogram bars also reinforce the optimism, showing bullish optimism in the market.

Furthermore, the volume profile shows that there is plenty of bullish momentum (yellow) ready to interact with the bitcoin price higher. This is relative to the negative momentum (blue) that is also visible in the market.

If the bullish momentum picks up, bitcoin price could extend northwards to test the 38.2% Fibonacci retracement level of $65,921. A candlestick close above this level would pave the way for further advance amid the abundant bullish momentum seen at the volume nodes.

In a highly bullish scenario, bitcoin price could flip the $68,844 level into support, with prospects for further gains. This could potentially reach the peak of the market range at $73,570.

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eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed” target=”_blank” rel=”noopener”>GeckoTerminal: btc/USD 1-day chart

On the other hand, if profit-taking continues, bitcoin price could drop below the 50% Fibonacci placeholder. While this could trigger panic selling, the bullish thesis would only be invalidated below $53,547.

With bullish sentiment surrounding btc, traders are also accumulating 99Bitcoins (99BTC), with crypto YouTuber Today Trader saying it has “massive potential.”

As retail and institutional investors flock to bitcoin, its derivatives are well positioned to benefit. And investors have already poured over $2.45 million into the 99BTC project.

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Anthony Scaramucci of Skyridge believes a $100,000 sale twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin It is still possible until the end of this year!

A 6-digit figure twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc The price would surely put an end to any doubts once and for all. twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc it's here to stay!twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/BullRun?src=hash&ref_src=twsrc%5Etfw”>#Confinement twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies image.twitter.com/GqXRzBP1Vy

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1813937289497542931?ref_src=twsrc%5Etfw”>July 18, 2024

A promising alternative to bitcoin

99BTC is the native cryptocurrency of the 99Bitcoins ecosystem, a long-standing educational platform that is pioneering a new “learn to earn” rewards model.

99Bitcoins promises users an innovative earn-while-learning experience. The project incentivizes learning through a unique combination of gamification and a leaderboard reward system.

It ensures that users feel that their learning is generating tangible and therefore usable benefits. You earn crypto while learning about crypto.

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

Why it's the future:

With the $99BTC token, you can earn rewards by simply expanding your twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency knowledge.

The numbers:

– 79 hours of courses
– 709 thousand followers
– 2.85 million subscribers

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

Investors can stake 99 btc tokens for an annual percentage yield (APY) of 693%. Rewards are paid out on every ethereum block.

Up to 14% of the token supply will be distributed over two years. Rewards are calculated based on the percentage of your staking pool and the estimated reward percentage per year.

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Short on time? Simply stake your $99 btc tokens on our website and earn passive rewards effortlessly!

Join now! https://t.co/nA4Lw89WA0twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale twitter.com/hashtag/Alts?src=hash&ref_src=twsrc%5Etfw”>#Alts image.twitter.com/av0mkMvIbR

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1781322130325430669?ref_src=twsrc%5Etfw”>April 19, 2024

99 btc tokens are priced at $0.00114. For those attracted by the project, it is better to buy before the price rises in about 4 days.

Visit and buy 99Bitcoins here.

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