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bitcoin price soared 4% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $66,805 at 12:50 a.m. EST on trading volume that increased 35% to $36 billion.
This comes as the cryptocurrency rally resumes, with btc recording its highest price in a month even as the world grappled with a major IT outage. A software update from cybersecurity services provider CrowdStrike led to widespread computer outages around the world, crippling airlines, banks and businesses.
As a result, there was debate about the importance of decentralized systems such as public blockchains compared to centralized networks.
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IBIT's market hours open at 9:30 a.m. US Eastern Time. Within minutes, bitcoin skyrocketed from $64,000 to the current $65,000.
Did some institution wake up and decide that bitcoin is a safe haven and a decentralized store of value while global banking and technology systems fail due to the blue screen of…? image.twitter.com/KOh9oU0GHX
— Charles Edwards (@caprioleio) twitter.com/caprioleio/status/1814299139271954602?ref_src=twsrc%5Etfw”>July 19, 2024
bitcoin price used the double bottom pattern on July 13 to propel the token higher as it formed another support zone around $63,596, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.
Following the news of the computer outage, the bitcoin price used the support to push the token above $67,000 to $67,338 before pulling back to the current price.
bitcoin price set to skyrocket to new ATH
btc price bulls are looking to push the token higher as the token is trading well above the 50-day and 200-day simple moving averages (SMA).
Moreover, investors are buying and adding to their positions as the Relative Strength Index (RSI) rises, currently at 67, approaching the overbought region, a sign of continued investor optimism.
The moving average convergence divergence (MACD) also crosses above the neutral line, which aligns with the current bullish price trend. The blue MACD line also crosses above the orange signal line, forming a bullish crossover, which may encourage bulls to buy more.
According to the bitcoin price analysis on the 4-hour chart, the bulls can take advantage of the double bottom and the support zone of $63,596 to propel the token higher, targeting a new all-time high at $74,000.
However, if the bears take control of the price here, the btc price can retreat to the support zone of $61,968 (50-day SMA).
Meanwhile, bitcoin lovers are also buying. 99 Bitcoins (99 btc) pre-sale, which has amassed over $2.4 million in funding.
Jacob Bury, a prominent cryptocurrency YouTuber, believes that 99BTC has the potential to turn $1,000 into $10,000 after its launch.
99Bitcoins presale exceeds $2.4 million
99Bitcoins has been a sensation as a cryptocurrency education platform, with over 700,000 subscribers on its YouTube channel and over 2 million people enrolled in the website’s courses.
With the launch of its ICO, 99 Bitcoins introduces a Learn-to-Earn (L2E) model that incentivizes its students to learn about cryptocurrencies.
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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.
Deepen: 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
The platform aims to enhance the learning experience by gamifying bitcoin education, where users complete challenges and lessons, allowing them to earn higher rankings and $99 btc as a reward.
Users of the platform can also earn passively Betting $99 btc for an impressive annual percentage yield (APY) of 689%.
You can buy 99 btc now for $0.00114. Since the price will go up in less than 3 days, it is better to buy early 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 with eth, USDT or a bank card.
Related news
99Bitcoins (99BTC): new token to learn how to make money
- Audited by Solid Proof
- Established Brand: Founded in 2013
- Free Airdrop: Earn a Share of $99,999
- Learn to make money: get paid for completing trading courses
- YouTube community with over 700,000 members
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