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bitcoin price rose 2% in the last 24 hours bitcoin/”>trading at $71,145 At 00:14 am EST, trading volume increased 88% to $39 billion.
This comes as BitMEX co-founder Arthur Hayes says prices of bitcoin and cryptocurrencies in general will plummet after the halving due to a “bag of tricks” used by the Federal Reserve to bail out the financial system. US.
“Given that the halving comes at a time when dollar liquidity is tighter than usual, it will add fuel to a furious sell-off in crypto assets,” Hayes said in a blog post.
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Arthur Hayes predicts that bitcoin prices will plummet before and after the halving, US dollar liquidity will be tighter than usual at that time, adding momentum to the crazy selling of crypto assets. However, after May 1, the QT rhythm will slow down and return to… pic.twitter.com/nOT6D4I7Y8
– Wu Blockchain (@WuBlockchain) twitter.com/WuBlockchain/status/1777538343586378231?ref_src=twsrc%5Etfw”>April 9, 2024
bitcoin Price Set to Record New ATH
bitcoin price has been in a continuous uptrend this year, causing btc to reach an all-time high (ATH) of $73,737.
However, btc saw a slight pullback, fluctuating within this range, forming an ascending triangle pattern, suggesting the possibility of further price growth by the bulls, as the bulls touched the upper boundary of the triangle.
bitcoin, having broken through the $70,135 mark, signifies a solid uptrend, leading to speculation about its trajectory towards higher levels. The king of cryptocurrencies is trading above the fundamental level of $68,930, suggesting a possible continuation of the buying trend.
btc is trading above the 50-day and 200-day simple moving averages (SMA), supporting the bullish price outlook.
The Relative Strength Index (RSI) stands at 62, supporting a bullish stance. A decisive move to increase the price can cause the RSI to shoot up to the overbought region of 70, indicating intense buying pressure.
bitcoin price prediction
Long-term analysis of bitcoin price shows a bullish bias as bulls strive to push the price above the ascending triangle pattern, aiming to surpass the $80,000 mark. The RSI offers some bullish outlook for optimistic investors to add more tokens, which could push the price higher.
However, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $68,141. A death cross negates all bullish prospects, suggesting an incoming downtrend. In such a scenario, the bulls may pull back towards the $68,950 mark. A drop below this threshold can initiate a downward correction.
Meanwhile, as btc bulls look to push the price even higher, investors are also buying Sponge V2, which analysts say has the potential to repeat the 100x pump of its predecessor, Sponge V1, in a bear market last year. .
Sponge V2: Best Opportunity for 100x Profits?
Sponge V2 (SPONGE V2) is a meme coin that strives to emulate the notable success of its predecessor, which reached a maximum market capitalization of 100 million dollars, had more than 13,000 holders and was listed on multiple centralized exchanges (CEX). If you missed Sponge V1, you still have a chance with Sponge V2.
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Did you get lost 100 times in 2023? twitter.com/search?q=%24SPONGE&src=ctag&ref_src=twsrc%5Etfw”>$SPONGE BACK with V2 – bigger, better and ready to wick away moisture!
Hurry up and bet now to join the journey! twitter.com/hashtag/SpongeV2?src=hash&ref_src=twsrc%5Etfw”>#SpongeV2 twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw”>#web3 twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/Alts?src=hash&ref_src=twsrc%5Etfw”>#alternatives pic.twitter.com/VMooQjC79H
— $SPONGE (@spongeoneth) twitter.com/spongeoneth/status/1772216915101978792?ref_src=twsrc%5Etfw”>March 25, 2024
In February, the development team phased out Sponge V1, paving the way for incumbents to move to the more secure and cost-effective V2 on the Polygon Network.
Sponge V2 differs from its predecessor in that it promises bigger rewards and a robust ecosystem.
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twitter.com/hashtag/SpongeV2?src=hash&ref_src=twsrc%5Etfw”>#SpongeV2 taking off in 2024 twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/MemeCoin?src=hash&ref_src=twsrc%5Etfw”>#coinmeme twitter.com/hashtag/Alts?src=hash&ref_src=twsrc%5Etfw”>#alternatives twitter.com/hashtag/100x?src=hash&ref_src=twsrc%5Etfw”>#100x pic.twitter.com/GQQSbLPNla
— $SPONGE (@spongeoneth) twitter.com/spongeoneth/status/1773742035503120862?ref_src=twsrc%5Etfw”>March 29, 2024
Stake $SPONGE V2 on Polygon Network, 363% Annual Rewards
You have the opportunity to earn passively through the platform's staking option, where you can stake your $SPONGE V2 tokensearning an impressive 363% Annual Percentage Yield (APY) on Polygon Network.
The team is also set to launch a money-making racing game, available in paid and free versions, where players will participate in racing competitions and win token rewards.
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Do not forget, twitter.com/hashtag/SPONGERS?src=hash&ref_src=twsrc%5Etfw”>#SPONGES! twitter.com/hashtag/SpongeV2?src=hash&ref_src=twsrc%5Etfw”>#SpongeV2 is providing an interesting utility through our next twitter.com/hashtag/P2E?src=hash&ref_src=twsrc%5Etfw”>#P2E game!
Get ready to win twitter.com/search?q=%24SPONGE&src=ctag&ref_src=twsrc%5Etfw”>$SPONGE chips by playing the game and ranking on the leaderboard.
Stay tuned for more information! twitter.com/hashtag/MemeCoin?src=hash&ref_src=twsrc%5Etfw”>#coinmeme twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/Alts?src=hash&ref_src=twsrc%5Etfw”>#alternatives twitter.com/hashtag/100x?src=hash&ref_src=twsrc%5Etfw”>#100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) twitter.com/spongeoneth/status/1771117138381525404?ref_src=twsrc%5Etfw”>March 22, 2024
According to 99Bitcoins, a popular cryptocurrency YouTube channel with over 700,000 subscribers, Sponge V2 could rise 100x.
To join the pre-sale, You can purchase Sponge V2 tokens on the official website here.. Link your digital wallet to exchange your eth or USDT for V2 tokens. You can also buy the tokens directly using your bank card.
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