Bitcoin Price Prediction: Michael Saylor Predicts BTC to Hit $10 Million as This Innovator Learns to Earn $3 Million Pre-Sale Fees

bitcoin price fell 2.3% in the last 24 hours to trade at $62,832 at 00:55 am EST with trading volume increasing 60%.

Data from CoinGlass indicates that in the last 24 hours, 50,185 traders were liquidated with total liquidations of $105.65 million.

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twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin settlement levels.

Star Wars candle incoming? pic.twitter.com/FBZvWXMWIE

-Tyler (@TylerDurden) twitter.com/TylerDurden/status/1804831453148332336?ref_src=twsrc%5Etfw”>June 23, 2024

According to MartyParty, trader, analyst and host of crypto Traders Club, the liquidation heat map says: “$60,400 would be the maximum pain for long positions.”

For the layman, maximum pain in cryptocurrency trading refers to the price at which the maximum number of option holders will experience the greatest financial loss. As for the liquidation heat map, this fundamental shows the distribution of leveraged positions that have been liquidated at different price levels.

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The liquidation heat map says that $60,400 would be the maximum pain for long positions. Settlement levels that say $61800. pic.twitter.com/8aKkcQnUYl

-MartyParty (@martypartymusic) twitter.com/martypartymusic/status/1805036595973669308?ref_src=twsrc%5Etfw”>June 24, 2024

Meanwhile, the founder of business intelligence firm MicroStrategy, Michael Saylor, predicts a rally to $10 million for the price of bitcoin, citing “economic immortality.”

The forecast came during an 84-minute podcast interview, which turned into a deep dive with bitcoin podcast host Robin Seyr. Saylor also said that he believes China will eventually support bitcoin.

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twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin It is economic immortality.pic.twitter.com/ZtLzUK4kO6

—Michael Saylor (@saylor) twitter.com/saylor/status/1804867203075866731?ref_src=twsrc%5Etfw”>June 23, 2024

bitcoin price prediction

bitcoin price is trading with a bearish bias on the one-day time frame. It registers lower highs as it consolidates within a bearish technical formation, the descending parallel channel. The bears are having their way as the Relative Strength Index (RSI) is posting lower highs, signifying declining momentum.

The position of the RSI below the mid-level of 50 also worsens the bearish outlook. This position is reinforced by the Moving Average Convergence Divergence (MACD), whose position below the signal line (orange band), shows that bearish sentiment is rife in the btc market.

Further selling pressure could cause bitcoin price to extend the decline to test the $62,000 threshold, or worse, extend a leg lower to reach the psychological $60,000 level. In a severe case, the downtrend could see bitcoin price test the range low of $59,690, levels last tested on May 3.

In particular, a drop below the aforementioned level would be surprising. This takes into account that liquidity that was previously below this level has already been raised.

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eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed” target=”_blank” rel=”noopener”>GeckoTerminal: btc/USD 1-Day Chart

On the other hand, if the bulls buy the dip, the price of bitcoin could rise. In such a directional bias, the bearish thesis would only be invalidated by a decisive candle close above $72,576.

Notably, the RSI position at 32 suggests that btc is about to be oversold (below 30). If this happens, the pioneering cryptocurrency could begin a pullback, which is a recovery that occurs once the asset is oversold.

Meanwhile, the 99Bitcoins (99BTC) pre-sale is going crazy with over $2.2 million in funds raised for this new learn-to-earn cryptocurrency.

Experts like Oscar Ramos say it is the best pre-sale to buy now with 100X potential.

Promising alternative to bitcoin

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This ensures that users feel that their learning generates tangible and therefore usable benefits. Basically, you earn cryptocurrency while you learn about cryptocurrency.

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https://t.co/NXD7DAamqrtwitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto twitter.com/hashtag/L2E?src=hash&ref_src=twsrc%5Etfw”>#L2E pic.twitter.com/xQC6lg0euI

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1802644880918737115?ref_src=twsrc%5Etfw”>June 17, 2024

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