Bitcoin Price Prediction: BTC ETFs Buy $137 Million in Bitcoin as Investors Flock to This Learning Token with 705% APY

bitcoin price rose 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $57,291 at 12:53 a.m. EST on trading volume that increased 39% to $35.5 billion.

This comes after nine bitcoin ETFs (exchange-traded funds) increased their holdings by 2,394 btc worth $137 million on July 8. Fidelity was the largest buyer after a purchase of 2,077 btc worth approximately $118 million. Fidelity now holds 170,764 btc, worth approximately $9.7 billion.

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July 8th Update:

9 ETFs added 2,394 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc(+$135 million).twitter.com/hashtag/Fidelity?src=hash&ref_src=twsrc%5Etfw”>#Fidelity added 2,077 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc(+$177M) and currently holds 170,764 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($9.2 billion).twitter.com/hashtag/Grayscale?src=hash&ref_src=twsrc%5Etfw”>#Grayscale decreased by 475 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc(-$26.8 million) and currently owns 274,249 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($15.46 billion).https://t.co/breOMb5Wu0 image.twitter.com/nf36XMvgk8

— Lookonchain (@lookonchain) twitter.com/lookonchain/status/1810338443819659410?ref_src=twsrc%5Etfw”>July 8, 2024

On the other hand, Grayscale bitcoin Trust reduced its holdings by 475 btc, but still holds 274,249 btc worth approximately $15.7 billion.

bitcoin Price Prepares to Break Out of Descending Channel

bitcoin price has been in a downtrend since June after bears capitalized on the death cross at $68,880, data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal However, the bulls seem to have found support at $54,000, with the price bouncing back to trade within the descending channel pattern.

btc price bulls are looking to push the token above the channel, having retested the upper boundary of the channel.

bitcoin price is still trading below the 200-day simple moving average (SMA), which coincides with the price’s pullback below the $63,864 resistance zone. However, btc is trading slightly above the 50-day simple moving average (SMA), which is a confirmation that the price may be in for a short-term rally.

Additionally, the Relative Strength Index (RSI) shows buyer action, bouncing from below the mid-level of 50 to the current level of 58.

The moving average convergence divergence (MACD) also offers bullish investors some bullish prospects as the MACD line (blue) crosses above the signal line (green), forming a bullish crossover. The green bars of the histogram are also starting to form above the neutral line, showing that btc is currently in positive momentum.

bitcoin Price Prediction

According to the bitcoin price analysis on the 1-hour chart, btc bulls are taking advantage of the descending channel pattern to stage a bullish rally above the $59,191 resistance level (200-day SMA).

As the RSI and MACD encourage investors to add to their positions, btc price could recover and retest the $63,864 resistance while bulls are targeting $68,880.

However, since the 200-day simple moving average (SMA) is still trading below the 50-day simple moving average (SMA), this may be an indication that the price is heading lower. In such a scenario, btc could retrace slightly towards the $53,192 level, which acts as a cushion against downward pressure.

As btc bulls look for signals to add to their positions, some investors are buying 99 Bitcoins (99 btc) pre-sale, which has amassed over $2.3 million in funding.

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

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

The project aims to enhance the learning experience by gamifying bitcoin education, and users will be able to complete challenges and lessons to earn higher rankings and $99 btc as rewards.

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What is spatial computing? Find out how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming augmented and virtual reality, making immersive digital worlds more interactive and safe.

Go 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”>#Spatial Computing 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

99Bitcoins aims to compete and outperform other educational coins such as OpenCampus (EDU), which has a market cap of $216 million, and TokenFi (TOKEN), which stands at $64 million.

The token also merges with BRC-20, allowing the creation of dApps on the bitcoin network.

Buy and wager to earn 705% annual rewards

Token holders can earn passively Buy and stake $99 btc for an impressive annual percentage yield (APY) of 705%.

Jacob Bury, a prominent cryptocurrency YouTuber, believes that $99BTC could potentially convert from $1000 to $10,000 after launch.

You can buy 99 btc right now for $0.00112. But, since the price will go up in less than an hour, hurry up and buy now 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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