Bitcoin Price Prediction: MicroStrategy Is 'Extremely Bullish' On BTC As Traders Rush To Buy 99 BTC With Just Days Left

bitcoin price dropped a fraction in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $64,463 at 3:44 a.m. EST on trading volume that rose 9% to $39 billion.

This comes as MicroStrategy says it is “extremely optimistic” about bitcoin adoption amid growing “bipartisan” political support for the cryptocurrency industry in the US.

“As for adoption, we are extremely optimistic with the improved understanding of bitcoin and the growing support for the ecosystem from bipartisan politicians and institutions, as shown at the bitcoin 2024 Conference in Nashville,” MicroStrategy said in a press release regarding its second-quarter earnings.

Although MicroStrategy reported a second-quarter loss of $180.1 million on its btc holdings, the company still owns 226,500 tokens worth roughly $14.4 billion.

bitcoin price is looking for a sustained rise

bitcoin price has been on a sustained rally from July 12 to July 31, climbing from the $57,000 support to as high as $70,000 in that time, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal.

The bulls failed to sustain the uptrend as bitcoin fell to the $63,000 support, which now coincides with the 200-day simple moving average (SMA).

However, there seems to be some bullish prospects as the token is now trading above the 200-day simple moving average (SMA). The 50-day simple moving average (SMA) at $66,466 is now acting as the immediate support level, which the bulls aim to overcome to propel btc above the ascending triangle.

Meanwhile, the Relative Strength Index (RSI) is bouncing from the oversold region of 30 while moving towards the midline level, currently at 44, indicating positive momentum.

According to bitcoin price analysis, the token is currently in a bullish trend reversal as it returns to the ascending triangle pattern. If this trend continues, the bitcoin price could skyrocket as bulls are targeting $70,600 in the long term.

The 50-day simple moving average (SMA) is trading above the 200-day simple moving average (SMA), with a golden cross at $61,727, supporting the bullish outlook.

However, if the bears take control of the price at this level, btc could drop further to the next support level of $60,000.

While MicroStrategy is bullish on bitcoin adoption, investors are flocking to the… 99 Bitcoins (99 btc) project before its pre-sale ends in four days.

99Bitcoins Pre-Sale Raises Over $2.5 Million – Buy Now Before Pre-Sale Ends

The 99Bitcoins token is ending its pre-sale with a bang, crossing the $2.59 million mark and sparking conversations among top crypto influencers about the innovative new Learn-to-Earn crypto sector.

According to Jacob Bury, a prominent cryptocurrency YouTuber, 99BTC has the potential to turn $1000 into $10,000 after launch.

The next four days are the last chance to buy $99BTC as the intense FOMO kicks in. The final stage of the pre-sale concludes on August 6 at 9.30am UTC, meaning potential buyers have no time to waste.

The platform has more than 2 million registered users on its courses and more than 706,000 subscribers on its YouTube channel.

Its latest innovation is the launch of its ICO, which powers an innovative learning-to-earn (L2E) model. The project will gamify cryptocurrency education by allowing users to take on challenges and complete lessons to earn higher rankings and rewards via $99 btc tokens.

Token holders can also earn passively the project participation optionoffering a staggering 666% annual percentage yield (APY).

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”4.609756097561″>

How many of these bad boys will be there? twitter.com/PeterSchiff?ref_src=twsrc%5Etfw”>@PeterSchiff be bursting? twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins twitter.com/hashtag/CryptoCurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw”>#btc image.twitter.com/yIEeuGsSdx

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1794684946453262569?ref_src=twsrc%5Etfw”>May 26, 2024

You can purchase $99BTC tokens for $0.00116 each until the pre-sale closes on August 6th.

Buy $99 btc on the official website here using eth, USDT or a bank card.

Related news