Bitcoin Price Surpasses $71K as Bloomberg Raises Chances of SEC Approving Ethereum ETFs and This Learn-to-Earn Cryptocurrency Heads for $2 Million

bitcoin price rose 7% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $71,062 at 02:42 am EST on trading volume that skyrocketed 130% to $52 billion.

This comes as Bloomberg analysts James Seyffart and Eric Balchunas suddenly increased their Ether spot ETF approval odds this month to 75% from 25% previously.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.448863636364″>

Update: twitter.com/JSeyff?ref_src=twsrc%5Etfw”>@JSeyff and I'm increasing our Ether ETF spot approval odds to 75% (up from 25%), I heard talk this afternoon that the SEC might be doing a 180 on this (increasingly political issue), so now everyone is fighting (like us, everyone else assumed they would be denied). See… https://t.co/gcxgYHz3om

– Eric Balchunas (@EricBalchunas) twitter.com/EricBalchunas/status/1792636523050906102?ref_src=twsrc%5Etfw”>May 20, 2024

TO ethereum-etf-approved-by-may-31?tid=1716286511283″ target=”_blank” rel=”noopener”>Polymarket contract The question of whether an ether ETF would be approved before May 31 jumped from 10 cents to 61 cents at press time. This represents a 61% chance of approval.

ethereum soared nearly 20%, and the cryptocurrency market broadly increased its market capitalization by 7% to $2.61 trillion.

Over the past 24 hours, bitcoin has been on an upward trajectory, breaking the upper boundary of the symmetrical triangle, as btc capitalized on the $60,200 support to boost the price, according to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko sample.

bitcoin price will continue its rally above the symmetrical triangle

Leading indicators show that btc could still skyrocket, with btc trading above the 50- and 200-day simple moving averages (SMA).

With btc price surpassing the 50-day SMA threshold at $65,063, it is expected to maintain its rise above the symmetrical triangle pattern.

Furthermore, the Relative Strength Index (RSI) is also recovering from the mid-50 level as it rises, currently at 64, while hurtling towards the overbought region of 70, indicating intense buying pressure.

The moving average convergence divergence (MACD) is also bullish. The blue MACD line crosses above the signal line (orange), forming a bullish crossover. A bullish crossover could prompt investors to buy more, driving the price up further.

bitcoin price prediction

bitcoin price analysis on 1-day chart indicates that btc will continue to rise above the symmetrical triangle. Bulls are targeting $86,477 in the coming weeks.

However, in a reverse scenario, the bears could put more pressure on this level, with $65,063 and $52,501 acting as immediate support levels.

As the price of btc soars, some investors are also buying $99BTC, which has already raised over $1.4 million as it moves towards a $2 million goal.

Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn a $1,000 investment into $10,000 upon launch.

99Bitcoins pre-sale exceeds $1.4 million

99Bitcoins (99BTC) has been a sensation as a crypto educational platform, with over 700,000 subscribers on its YouTube channel and over 2 million people registered for the website's courses.

With the launch of its ICO, 99 Bitcoins introduces a learn-to-earn (L2E) concept where users earn by learning about cryptocurrencies.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.3562753036437″>

What is spatial computing? Discover how twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw”>#blockchain is transforming AR/VR, making immersive digital worlds more interactive and safe.

Dive deeper: https://t.co/2hlZYRFHBvtwitter.com/hashtag/99BTC?src=hash&ref_src=twsrc%5Etfw”>#99BTC twitter.com/hashtag/SpatialComputing?src=hash&ref_src=twsrc%5Etfw”>#SpatialComputing 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

The platform aims to enhance the learning experience by gamifying bitcoin education, where users complete challenges and lessons, earning them higher rankings and $99 btc as a reward.

99Bitcoins also integrates with BRC-20, which allows the creation of dApps on the bitcoin network.

Platform users can also earn passively bet $99 btc for an impressive 1,141% Annual Percentage Yield (APY).

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.148148148148″>

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

You can buy 99BTC now for $0.00106 per token. If you are tempted to buy 99 btc, do so before a price increase in less than seven days to ensure the best price.

To join the pre-sale, You can buy $99BTC from the official website here.. You have the option to purchase the tokens using eth, USDT or a bank card.

Related news