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bitcoin price rose 3% in the last 24 hours bitcoin“>to be traded at $56,679 at 12:27 a.m. EST on trading volume that soared 56% to $33 billion.
This comes after MicroStrategy co-founder and chairman Michael Saylor said on Sept. 9 that the price of bitcoin will skyrocket to $13 million in 21 years.
MicroStrategy currently holds 1% of the total btc supply, making it the largest public holder of the asset.
Saylor said bitcoin currently represents 0.1% of global capital and that figure is expected to rise to 7%.
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I enjoyed the opportunity to discuss twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin and strong, fast and smart money with twitter.com/JoeSquawk?ref_src=twsrc%5Etfw”>@JoeSquawk, twitter.com/BeckyQuick?ref_src=twsrc%5Etfw”>@BeckyQuickand twitter.com/andrewrsorkin?ref_src=twsrc%5Etfw”>@AndrewRSorkin this morning,image.twitter.com/BUXa2IZ8II
—Michael Saylor (@saylor) twitter.com/saylor/status/1833106549432094956?ref_src=twsrc%5Etfw”>September 9, 2024
bitcoin Price Prediction: btc Will Continue to Rise
bitcoin price has been on a continuous downtrend in September, falling within a descending channel pattern. Despite falling below the lower boundary of the channel, btc has recently gained momentum from the $53,507 support, breaking above the upper boundary of the channel.
The recent uptrend has pushed bitcoin price above the 50-day simple moving average (SMA), which shows that bitcoin price may be heading towards an uptrend. However, the 200-day SMA remains a challenge for the bulls, acting as the immediate resistance level at $59,227.
Meanwhile, the relative strength index (RSI) is bouncing off the mid-50 level, currently at 59, as it prepares for a breakout towards the overbought region of 70.
The moving average convergence divergence (MACD) confirms the imminent price rise as it moves above the neutral line. The blue MACD line also crosses above the orange signal line, indicating a possible bullish trend.
Chart analysis of the BTCUSDT pair (Source: Tradingview)
bitcoin price bulls target price above $60,000
According to the BTCUSDT 4-hour chart analysis, bitcoin price is currently in an uptrend reversal as the bulls are pushing btc price above the descending channel pattern. If bitcoin price breaks out above the channel, the bulls are currently targeting $61,100.
However, in a reverse scenario, btc could fall back to the main support around $50,700.
Meanwhile, investors are rushing to buy the new Solana GameFi project Mega Dice (DICE)which has only 7 days left until the end of its pre-sale.
According to cryptocurrency YouTube channel 99Bitcoins, with over 706,000 subscribers, DICE has the potential to skyrocket 100-fold after its launch.
GameFi sensation Mega Dice tops $1.79 million
Mega Dice is revolutionizing the crypto gaming landscape after raising $1.79 million in pre-sale.
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WARNING: Time is almost up twitter.com/search?q=%24DICE&src=ctag&ref_src=twsrc%5Etfw”>$DICE at the lowest price!
He twitter.com/search?q=%24DICE&src=ctag&ref_src=twsrc%5Etfw”>$DICE Pre-orders are about to close and the final price increase will happen this Tuesday. This is your absolute last chance to get the best! twitter.com/hashtag/GameFi?src=hash&ref_src=twsrc%5Etfw”>#FiGame Activated tab twitter.com/hashtag/Solana?src=hash&ref_src=twsrc%5Etfw”>#Solarium Before the price skyrockets! … image.twitter.com/vzF1t77DsA
– Mega Dice Casino (@megadice) twitter.com/megadice/status/1829531391010157046?ref_src=twsrc%5Etfw”>August 30, 2024
Mega Dice is an innovative online casino platform that recently launched its native token, DICE. The project was developed to enhance the casino gaming experience by integrating traditional casino elements with the benefits of blockchain technology.
The project stands out as a leading brand in the cryptocurrency casino space, with over 10,000 active players and over $50 million in monthly bets. Players enjoy over 4,000 casino games and 50 sports and eSports betting options.
Additionally, there is seamless integration with the popular TON Wallet on Telegram, meaning managing your funds has never been easier.
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Mega Dice Casino now supports the best Telegram wallet! twitter.com/hashtag/TON?src=hash&ref_src=twsrc%5Etfw”>#TON
Easily use your TON by choosing it as a deposit method and connecting your wallet in just a few steps. Start playing and earning today!
Join nowhttps://t.co/FjIFjfAnCY image.twitter.com/hlqt50vBUF
– Mega Dice Casino (@megadice) twitter.com/megadice/status/1821109134764171534?ref_src=twsrc%5Etfw”>August 7, 2024
Token holders can also share in the casino's winnings on a daily basis through their unique staking system.
To join the pre-sale, You can buy $DICE on the official website here for $0.116056 per token using BNB, eth or SOL. You can also earn 10% on any purchases made by your referred investors.
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