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bitcoin price rose a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $62,916 at 10:32 p.m. EST, even as trading volume fell 9% to $34 billion.
This comes after Michael Saylor’s MicroStrategy announced it had purchased an additional $458 million worth of bitcoin. After purchasing the 7,420 btc, the company confirmed it now holds a remarkable 252 btc purchased at an average cost of $39,266.
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MicroStrategy has acquired 7,420 btc for ~$458.2 million at ~$61,750 per twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin and has achieved a btc return of 5.1% in the quarter and 17.8% so far this year. As of 9/19/2024, we held 252,220 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc acquired for ~$9.9 billion at ~$39,266 per bitcoin. twitter.com/search?q=%24MSTR&src=ctag&ref_src=twsrc%5Etfw”>$MSTR https://t.co/JUtgztpzBu
—Michael Saylor (@saylor) twitter.com/saylor/status/1837116692209574119?ref_src=twsrc%5Etfw”>September 20, 2024
bitcoin Price in Uptrend: Could It Continue?
bitcoin price took advantage of the cup and handle pattern and the $58,000 support to push the price higher, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.
btc is now trading above the 50-day and 200-day simple moving averages (SMA), confirming the sustained uptrend.
Moreover, the Relative Strength Index (RSI) appears to be bouncing above the 60 zone while rushing towards the overbought 70 region, a confirmation that the asset is currently under intense buying pressure.
The continued positive trajectory is also supported by the moving average convergence divergence (MACD), which is now rising above the neutral zone.
If the positive trend continues, bitcoin price could skyrocket further as btc price bulls target $67,000.
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/09/Bitcoin-Price-Prediction-MicroStrategy-Buys-Another-458M-Worth-of-BTC.png" alt="Graphical analysis of the price of bitcoin Source: GeckoTerminal.com” width=”1273″ height=”532″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/09/Bitcoin-Price-Prediction-MicroStrategy-Buys-Another-458M-Worth-of-BTC.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-300×125.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-1024×428.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-768×321.png 768w” sizes=”(max-width: 1273px) 100vw, 1273px”/>
However, if the bears take advantage of the price at this level, btc could again drop to the 200-day simple moving average (SMA), currently at $59,229.
Meanwhile, investors are flocking to the new meme coin casino project Memebet Casino (MEMEBET Token)which has raised over $260,000 since its pre-sale launched just over a week ago.
Cryptonews, a popular cryptocurrency YouTube channel with over 10,000 subscribers, predicts that the $MEMEBET token could see a 100x surge after launch.
Memebet Token Surpasses $260,000 in One Week: Best Cryptocurrency to Buy Now?
Since its launch last week, Web3's first meme coin casino has raised over $260,000 as whales pile in to buy at ultra-low fixed prices.
The project spans two high-growth segments: online casinos and meme coins, and is specifically targeted at degenerate players.
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It's not the casino we deserve, but the casino we need twitter.com/hashtag/MemeBet?src=hash&ref_src=twsrc%5Etfw”>#MemeBet twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw”>#Presale & twitter.com/hashtag/Airdrop?src=hash&ref_src=twsrc%5Etfw”>#Airdrop Coming soon! twitter.com/hashtag/Memecoins?src=hash&ref_src=twsrc%5Etfw”>#MemeCoins, twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrencies Games and much more! twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw”>$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 image.twitter.com/oR2xja6JFK
-MemeBet (@Memebetcasino) twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw”>May 23, 2024
By purchasing the MEMEBET token, players can unlock massive P2E airdrops, special degenerate rewards, and exclusive VIP benefits.
Following its launch, the Memebet Token platform will accept meme coins for wagering on casino games, slots, and sports betting, a feature that no GambleFi platform has previously offered.
The platform features a variety of casino games, meme coin betting options, high-stakes games, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other leading meme coins.
Players who bet using the $MEMEBET token earn additional rewards through the platform. play to win system.
To join the pre-sale, you can Buy $MEMEBET token on the official website for $0.0252 Using USDT, eth or a bank card. The price will go up in less than 40 minutes, so buy quickly to get the best deal.
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