Bitcoin Price Prediction: Top Analyst Believes BTC Will Hit $100,000 This Year as Pre-Sale of 99 BTC Soars Towards $3 Million

bitcoin price fell a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $66,892 at 03:31 am EST on trading volume that plummeted 24% to $26.9 billion.

This comes as analyst and trader known under the pseudonym Altcoin Sherpa says bitcoin could soar almost 50% to over $100,000 by the end of this year.

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twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc: This is the trading range

Anything in this area is just noise.

We are still trading and bullish HTF/shorting LTF

Don't worry, we'll still hit over 100,000 by the end of this year, in my opinion. pic.twitter.com/c4TuTEmdhc

—Altcoin Sherpa (@AltcoinSherpa) twitter.com/AltcoinSherpa/status/1800691648915280320?ref_src=twsrc%5Etfw”>June 12, 2024

According to the analyst, the short-term 200 exponential moving average (EMA) acts as a possible indicator of btc price direction.

bitcoin price prepares for a break above $72,605

bitcoin price has been in a rising phase since mid-May as bullish investors capitalized on the formation of the inverse head and shoulders pattern to push the token higher. However, the rise faced some resistance around $72,184, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko sample.

btc price It is currently trending within a consolidation zone and is currently held by a strong support level around $66,000.

However, bitcoin price fell below the 50-day and 200-day simple moving averages, which act as immediate resistance zones around $67,448 and $69,177, respectively.

The Relative Strength Index (RSI) is trading lower from the mid-50 level as it approaches the oversold level of 30, currently at 42, a sign of intense selling pressure.

bitcoin price prediction

bitcoin price analysis shows a bullish bias as bulls aim to push the token above the consolidation channel, aiming to reach $77,000 in the coming weeks.

However, if the bears continue selling and break the $66,000 support, btc could fall to the next support zone around $56,000.

bitcoin bulls looking to reverse the bullish trend are great news for 99Bitcoins, a pre-sale that has raised over $2.1 million.

According to crypto analyst and YouTuber Jacob Bury, $99BTC could potentially increase 10x after its launch.

99Bitcoins Pre-Sale Raises Over $2.1 Million, Approaching $3 Million Milestone

He 99Bitcoins (99BTC) The platform has become a crucial resource for newcomers navigating the complexities of the cryptocurrency world. It has more than two million registered users in its courses and more than 700,000 subscribers on its YouTube channel.

Their latest innovation is the launch of their ICO, which is driving an innovative learn-to-earn (L2E) model. 99BTC is set to gamify crypto education by allowing its users to take on challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.

99Bitcoins will launch its token initially as an ERC-20 token, but will integrate it into the bitcoin network using the BRC-20 token standard.

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Introducing $99BTC in BRC-20!

Since 2013, twitter.com/hashtag/99Bitcoins?src=hash&ref_src=twsrc%5Etfw”>#99Bitcoins has been the reference resource to learn about twitter.com/hashtag/Cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#Cryptocurrency.

We are launching a platform that allows the construction of twitter.com/hashtag/dApps?src=hash&ref_src=twsrc%5Etfw”>#dApps at the top of the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin network!twitter.com/hashtag/LearnToEarn?src=hash&ref_src=twsrc%5Etfw”>#LearnToWin rewards users on the bitcoin blockchain.

— 99Bitcoins (@99BitcoinsHQ) twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw”>April 30, 2024

Token holders can earn passively the project participation optionoffering an annual percentage yield (APY) of 777%.

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How many of these bad boys twitter.com/PeterSchiff?ref_src=twsrc%5Etfw”>@PeterSchiff be exploding? 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 pic.twitter.com/yIEeuGsSdx

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

You can currently buy $99 btc tokens for $0.00109 each. But with a price increase in less than 4 days, don't wait too long to get the best deal.

To join the pre-sale, buy $99BTC from the official website here using eth, USDT or a bank card.

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