Join our Telegram Channel to keep up to date with breaking news coverage.
bitcoin price soared 4% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>to be traded at $60,628 at 8:23 p.m. EST even as trading volume fell 1% to $32.6 billion.
This comes after MicroStrategy Inc. purchased 18,300 bitcoin for roughly $1.11 billion, the largest acquisition of the digital asset by the cryptocurrency hedge fund firm in more than three years.
The company currently holds around 244,800 bitcoins, valued at around $14 billion, which is about 1% of all btc issued to date.
bitcoin Price Points to Continued Bullish Recovery
bitcoin price has recently taken advantage of the cup and handle pattern to push the price higher, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>GeckoTerminal. .
bitcoin price has now broken above the 50-day and 200-day simple moving averages (SMA), confirming the uptrend.
Additionally, the Relative Strength Index (RSI) is now trading above the overbought region of 70, currently at 74, indicating that the asset is currently under intense buying pressure.
The bullish stance of the bitcoin price is also confirmed by the moving average convergence divergence (MACD), which is moving above the zero line. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
If the current bullish momentum continues, the bitcoin price could skyrocket. Bulls are now targeting $64,000 in the coming days.
Meanwhile, the RSI now shows that the asset is overvalued, which is a sell signal for investors. In this scenario, if bitcoin price finds some bearish moves at this level, btc could again drop to the support level of $56,414 (50-day SMA).
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/09/Bitcoin-price-soars-4-after-MicroStrategy-bought-11-billion-in.png" alt="Graphical analysis of the price of bitcoin Source: GeckoTerminal.com” width=”1254″ height=”508″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/09/Bitcoin-price-soars-4-after-MicroStrategy-bought-11-billion-in.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-14_03-23-50-300×122.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-14_03-23-50-1024×415.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-14_03-23-50-768×311.png 768w” sizes=”(max-width: 1254px) 100vw, 1254px”/>
As bitcoin price soars, investors rush to buy a new PEPE upgrade called Pepe Unchained (PEPU).
According to 99Bitcoins, a prominent cryptocurrency YouTube channel with over 706,000 subscribers, PEPU could skyrocket 100-fold after its launch.
Pepe Unchained Raises Over $13 Million: Best Cryptocurrency To Buy Right Now?
Pepe Unchained is shaping up to be the top token presale of 2024 after recently reaching the milestone of $13.1 million in funds raised. The new ethereum Layer 2 project has its own block explorer and even its own DEX.
As the name suggests, Pepe Unchained aims to free Pepe from its old, outdated Layer 1 server room. That’s why the project will run on its own ethereum Layer 2 blockchain.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.6428571428571″>
Who needs brain powder?
Pepe is preparing for the official launch of his own blockchain! image.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) twitter.com/pepe_unchained/status/1803856656704618843?ref_src=twsrc%5Etfw”>June 20, 2024
Token holders can also earn passively through The platform's staking systemoffering an annual percentage yield (APY) of 156%.
You can buy $PEPU tokens for $0.0096897 each right now. With the price increase expected to occur in a fraction of a second, buy early to secure the best deal.
To join the pre-sale, Buy $PEPU from the official website here using eth, USDT or a bank card.
Related news
The Most Wanted Cryptocurrency Launch: Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Rewards for participation – pepeunchained.com
- Over $10 million raised in ICO: ending soon
Join our Telegram Channel to keep up to date with breaking news coverage.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
