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bitcoin price rose 1% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $67,989 at 9:54 p.m. EST on trading volume that fell 22% to $29 billion.
Better times are ahead if Michael Saylor's latest prediction turns out to be accurate. The btc permabull said at bitcoin 2024 in Nashville on July 26 that the btc price will reach $13 million by 2045.
There was also more good news for the cryptocurrency king, when the state of Michigan invested $6.6 million from its pension fund into ARKB bitcoin Spot ETF (Exchange Traded Fund) from ARK 21Shares.
bitcoin Price Invalidates Rounded Top: Is a Bullish Rally Coming?
bitcoin price has been on the rise in July as it used the $56,000 support level to push through a marking phase to the $68,000 resistance zone, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.
btc price went through a correction and retraced to the $64,000 level, forming a rounded top pattern. bitcoin price invalidated the bearish outlook of the rounded top as it used the $64,000 support to push above and reach the resistance again.
bitcoin price is bullish as the token is trading above the 50-day and 200-day simple moving averages (SMA), which are now acting as immediate support levels.
Additionally, the Relative Strength Index (RSI) is rising from the oversold level to trade at 63, indicating that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also supports the bullish outlook for the token as it climbs above the neutral line. The blue MACD line also crosses above the orange signal line, forming a bullish crossover, which encourages optimistic investors to buy more.
According to the bitcoin price analysis on the 4-hour chart, btc is in a strong upward momentum as the bulls leverage the RSI and MACD to buy more. If the buying sustains, the btc price could rise to the target target of $72,000.
However, if the bears complete a double top pattern at the resistance level, btc could retrace to the $64,000 support, forming a neckline at this level.
Meanwhile, as btc bulls look for buying opportunities, other investors are pouring funds into 99 Bitcoins (99 btc)a token that offers a final buying opportunity after raising over $2.5 million.
99Bitcoins Pre-Sale Surpasses $2.5 Million: Best Cryptocurrency to Buy Now?
99Bitcoin is an educational platform with more than 2 million registered users on its courses and more than 706,000 subscribers on its YouTube channel.
With its latest $99 btc token ICO, the project is set to introduce an innovative learn-to-earn (L2E) model. It will gamify cryptocurrency education by allowing token holders to take on challenges and complete lessons to earn higher rankings and $99 btc tokens as rewards.
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Deepen: 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
Holders may Bet 99 btc in tokens for an astonishing 681% annual percentage yield (APY).
Cryptocurrency YouTube influencer Jacob Bury says the 99Bitcoins token could turn a $1,000 investment into $10,000 after its launch.
You can buy 99 btc tokens for $0.00115 each. There will be a price increase in less than three days, so 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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