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bitcoin price rose 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $57,716 at 1:20 a.m. EST on trading volume that fell 14% to $24 billion.
This comes after it was announced that Donald Trump will speak at the bitcoin 2024 Conference in Nashville later this month. Trump will speak at 2 p.m. CT for 30 minutes on the final day of the conference, which runs July 25-27.
In recent times, Trump has taken a turn towards pro-bitcoin policies, and even said he would be the “crypto president” if he beats Joe Biden in the November election.
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DONALD TRUMP TO SPEAK AT bitcoin 2024 CONFERENCE IN NASHVILLE image.twitter.com/0qjyUO54VA
—Dylan LeClair (@DylanLeClair_) twitter.com/DylanLeClair_/status/1811181316819345628?ref_src=twsrc%5Etfw”>July 10, 2024
The news offers hope for bitcoin's recovery after a 15% drop over the past month, mainly due to selling pressure from bitcoin mining operators, refunds from Mt. Gox, and a wave of selling from Germany.
Bears may have taken advantage of the double top pattern formation, taking the token below the $59,856 support zone, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.
bitcoin Price Bearish, Could Bulls Stage a Trend Reversal?
bitcoin price is still trading below the 50-day and 200-day simple moving averages (SMA), which are now acting as immediate resistance levels at $64,724 and $58,978 respectively.
The Relative Strength Index (RSI) is still trading within the oversold region, currently at 38, showing that the token is still undervalued.
If the bears continue to take advantage of the double top pattern, bitcoin price could retreat further in the coming days, likely dropping to the next strong support at $40,960.
However, as the token is undervalued, investors may start taking more buying positions, which is likely to lead to some buying pressure. In such a scenario, our bitcoin Price Prediction shows that it can break above the current resistance, targeting the next resistance at $64,724.
Meanwhile, investors are also buying into 99 Bitcoins (99 btc) pre-sale, which has amassed over $2.3 million in funding.
Jacob Bury, a prominent cryptocurrency analyst on YouTube, says the 99Bitcoins token could potentially surge 10x after its launch.
99Bitcoins presale exceeds $2.3 million: the best alternative to btc
Since its inception in the crypto space, 99Bitcoins has become a pillar of crypto education. The platform has more than 2 million registered users on its courses and more than 700,000 subscribers on its YouTube channel.
The introduction of its $99BTC token has fueled an innovative learn-to-earn (L2E) model. 99Bitcons aims to gamify crypto education by allowing users to take on challenges and complete lessons to earn higher rankings and rewards via $99BTC tokens.
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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 is also compliant with BRC-20, making it easier for developers to build applications on the bitcoin network.
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Introducing $99BTC in BRC-20!
Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins It has been the reference resource for learning about twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency.
We are launching a platform that allows the construction of twitter.com/hashtag/dApps?src=hash&ref_src=twsrc%5Etfw”>#DecentralizedApplications at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin net!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin Reward users on the bitcoin blockchain.
— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024
Investors can also earn passively through The project's staking modeloffering an impressive annual percentage yield (APY) of 704%.
The $99 btc token costs $0.00113. The price will increase in about 5 days, so it is best to buy early to get the best deal.
To join the pre-sale, Buy $99 btc from the official website here using 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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