Bitcoin Price Prediction: Japan's MicroStrategy Buys More BTC as Experts Say This Could Be the Best Cryptocurrency to Buy Now

bitcoin price rose 2% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $63,542 As of 03:16 am EST, trading volume increased 69% to $20.7 billion.

This comes as investment advisor Metaplanet, known as Japan's MicroStrategy, said it bought another $6.7 million worth of btc, bringing its holdings to 639.5 btc, worth about $40.6 million.

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*Metaplanet buys an additional 108.78 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc* pic.twitter.com/Pz2AHupm1T

– Metaplanet Inc. (@Metaplanet_JP) twitter.com/Metaplanet_JP/status/1843125310600184288?ref_src=twsrc%5Etfw”>October 7, 2024

In May, the company adopted btc as a reserve asset to protect against volatility in Japan's native currency.

It now has the second largest bitcoin stock among listed companies in Asia, behind Meitu with 941 btc.

bitcoin price could continue to rise

Based on the 1-day chart, bitcoin price shows that btc has been trading between $56,000 and $72,000, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko. A recent downtrend below the $56,000 support caused bitcoin price to form an inverse head and shoulders pattern.

The bulls aim to use this pattern to push bitcoin price even higher as it approaches immediate resistance at the 200-day SMA at $63,569. btc price now above the 50-day SMA furthers this trend.

Additionally, the Relative Strength Index (RSI) appears to be rising above the mid-level of 50, currently at 55, supporting the overall bullish outlook.

If the current trend continues, the bulls could take advantage of the inverse head and shoulders pattern to continue driving the price of bitcoin. In this scenario, the bulls are currently targeting the $72,000 resistance.

However, if the bears take control of the price at this level, the btc price could fall back to the $56,000 support zone.

In the meantime, investors may want to consider diversifying into a new meme coin casino project called Memebet Casino (MEMEBET Token)which has exceeded $384,000 in its pre-sale.

YouTube channel Cryptonews, with more than 10,000 subscribers, says the $MEMEBET token could grow 100-fold after its launch.

Memebet Casino heads to $500,000

He bet chip will bring together two of the hottest topics in cryptocurrencies: meme coins and GambleFi. It offers an industry first by allowing players to use meme coins to bet at an online casino.

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Not the casino we deserve but the casino we need twitter.com/hashtag/MemeBet?src=hash&ref_src=twsrc%5Etfw”>#MemeBet twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale & twitter.com/hashtag/Airdrop?src=hash&ref_src=twsrc%5Etfw”>#Airdrop coming soon! twitter.com/hashtag/Memecoins?src=hash&ref_src=twsrc%5Etfw”>#Memecoins, twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto games and more! twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw”>$ CURRENCY twitter.com/search?q=%24DOG&src=ctag&ref_src=twsrc%5Etfw”>$DOG twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw”>$PEPE twitter.com/hashtag/SOL?src=hash&ref_src=twsrc%5Etfw”>#SUN twitter.com/hashtag/RNDR?src=hash&ref_src=twsrc%5Etfw”>#RNDR pic.twitter.com/oR2xja6JFK

-MemeBet (@Memebetcasino) twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw”>May 23, 2024

The project is aimed at the “degen” community, offering high-stakes games, a global sportsbook covering major leagues such as the EPL and NBA, and a diverse selection of crypto-native games.

When its Telegram crypto casino opens, meme coin holders will be able to stake with tokens including Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), and Pepe ($PEPE). , and more meme coins will be added.

Users can deposit these assets to bet on casino games, slots and sports on the Memebet Casino platform.

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Brother is asking the right questions twitter.com/hashtag/MemeBet?src=hash&ref_src=twsrc%5Etfw”>#MemeBet twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale & twitter.com/hashtag/Airdrop?src=hash&ref_src=twsrc%5Etfw”>#Airdrop soon

The number one place to twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto games and more! twitter.com/search?q=%24FTM&src=ctag&ref_src=twsrc%5Etfw”>$FTM twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc twitter.com/hashtag/SOL?src=hash&ref_src=twsrc%5Etfw”>#SUN twitter.com/hashtag/Bonk?src=hash&ref_src=twsrc%5Etfw”>#bonk twitter.com/hashtag/WIF?src=hash&ref_src=twsrc%5Etfw”>#WIF twitter.com/hashtag/Doge?src=hash&ref_src=twsrc%5Etfw”>#Doge twitter.com/hashtag/BOME?src=hash&ref_src=twsrc%5Etfw”>#TREES twitter.com/hashtag/Altseason?src=hash&ref_src=twsrc%5Etfw”>#alternateseason pic.twitter.com/NLds73vdTX

-MemeBet (@Memebetcasino) twitter.com/Memebetcasino/status/1792226734265266188?ref_src=twsrc%5Etfw”>May 19, 2024

And holders who stake the $MEMEBET token can increase rewards through the platform's play-to-earn system.

To join the pre-sale, buy $MEMEBET token on the official website here for $0.0257 using USDT, eth or a bank card.

With a price increase scheduled in less than 4 days, don't wait too long to get the best deal.

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