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bitcoin price plummeted almost 5% in the last 24 hours bitcoin/”>listed at $67,187 at 11:11 pm EST on trading volume which increased by 57% to $47 billion.
The drop coincided with a drop in the US stock market trading session after data indicated inflation had accelerated for the third straight month. Analysts said stubborn Inflationary pressures, geopolitical tensions, and the Federal Reserve's quantitative tightening efforts threaten an otherwise positive economic outlook.
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Market update: US stocks fall more than 1% as Federal Reserve takes cautious stance
In a volatile trading session on Thursday, all three major US stock indexes saw significant declines, with the S&P 500 marking its biggest drop since mid-February. This recession was driven by…
— Lucia (@lucia722) twitter.com/lucia722/status/1776067396475973974?ref_src=twsrc%5Etfw”>April 5, 2024
bitcoin Price Set for a Trend Reversal
bitcoin price is trading within the lower boundary of the symmetrical triangle pattern. It shows a high potential for a trend reversal as it experienced a drop from the upper limit.
btc is trending above the 50-day and 200-day simple moving averages (SMA), a confirmation that bitcoin price will maintain its uptrend. Furthermore, the 50-day crosses above the 200-day SMA, forming a golden cross around $30,000 on the 1-day chart, indicating that btc could be in a long-term uptrend.
The Relative Strength Index (RSI) is trading slightly below the mid-50 level as it heads north. A sustained bullish stance could push the RSI above the equilibrium level to the overbought region of 70, indicating intense buying pressure.
bitcoin Price Prediction: Bulls Aim for New Highs Above $80,000
bitcoin price analysis on the 1-day chart shows a bullish bias as the price bulls aim to make a breakout above the lower boundary of the symmetrical triangle, aiming to take btc to the upper boundary.
Furthermore, the golden cross and the RSI provide bullish sentiments aimed at pushing the price above the $80,000 mark, recording new all-time highs (ATH).
However, as btc price bulls point to a reversal, some investors are diversifying their portfolios with 99Bitcoins, a new pre-sale that aims to offer education about bitcoin and other cryptocurrencies while incentivizing learning.
99Bitcoins: Next BRC-20 project to explode?
99Bitcoins (99BTC)A leading crypto education platform known for simplifying the complexities of all things cryptocurrency, has ventured into the blockchain arena with its new platform to learn how to earn with its native token, $99BTC.
The 99Bitcoins YouTube channel has more than 700,000 subscribers, with more than 2 million people registered for the website's courses. Venturing into the ICO launch aims to transition the website to Web3 via the $99 btc token, which promises an engaging earn-as-you-learn experience for website users.
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What is spatial computing? Discover how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming AR/VR, making immersive digital worlds more interactive and safe.
Dive 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”>#SpatialComputing 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 99BTC token will start as an ERC-20 asset and then move to BRC-20. It has raised more than $218,000 in its pre-sale in less than three days, showing investor interest in this decentralized crypto education platform.
The 99Bitcoins token launch is strategically timed ahead of the bitcoin halving, with the goal of capitalizing on the hype around the event and positioning itself for what history shows is a very likely post-halving rally. .
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With the twitter.com/hashtag/BitcoinHalving?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving event just 9 days away, speculation is increasing: Is it twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btcWill the price skyrocket after the halving?
Dive deeper into our analysis of the potential price impact of this major supply shock.
Read more: https://t.co/zTA3n26nDltwitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/Halving?src=hash&ref_src=twsrc%5Etfw”>#Reduce by half twitter.com/hashtag/BullMarket?src=hash&ref_src=twsrc%5Etfw”>#Bull market
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1778338447922544707?ref_src=twsrc%5Etfw”>April 11, 2024
You can also earn passively stake $99 btc for an impressive annual percentage yield (APY) of 13,453%.
YouTube channel 99Bitcoins itself believes that $99BTC has the potential to increase 10x after launch.
The $99BTC tokens are priced at $0.001 each right now, but there will be a price increase in three days.
To participate in the pre-sale, buy $99BTC from the official website here. You can use eth, USDT, or a bank card to make a purchase.
Related news
99Bitcoins (99BTC) – New token to learn how to earn
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