2024

Bitcoin

Rekt

<p><span style="font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);">The Bitcoin price dropped 1% in the last 24 hours </span><a style="font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);" href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">to trade at $63,368</a><span style="font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);"> as of 11:46 p.m. EST on trading volume that soared 70% to $30 billion.</span></p>
<p>This comes as analysts now speculate that the distribution post-halving “danger zone” may be over. Historically, this period, which is three weeks after the halving event, is associated with downside volatility below the re-accumulation range.</p>
<p>According to Crypto analyst Rekt Capital, Bitcoin is now trading above the current re-accumulation range of roughly $60,000, a suggestion that the post-halving danger zone could be over.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a></p>
 <p>The Bitcoin "Post-Halving" Danger Zone (purple) is over<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/FHKoyDdJQD" rel="noopener noreferrer nofollow">https://t.co/FHKoyDdJQD</a> <a href="https://t.co/zLmSEWnVYs" rel="noopener noreferrer nofollow">pic.twitter.com/zLmSEWnVYs</a></p>
 <p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1787405656049295407?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bitcoin analyst Willy Woo also believes that Bitcoin will see higher price movements, based on Volume Average Price (VWAP).</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Seems like a good setup for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> to reach escape velocity.</p>
 <p>Bull div with lots of room to run. <a href="https://t.co/EtzGRQrg9a" rel="noopener noreferrer nofollow">pic.twitter.com/EtzGRQrg9a</a></p>
 <p>— Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1787399664486227991?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="bitcoin-price-set-to-rally-above-the-falling-wedge-pattern">Bitcoin Price Set To Rally Above The Falling Wedge Pattern</h2>
<p><img decoding="async" class="alignnone size-full wp-image-517752" src="https://insidebitcoins.com/wp-content/uploads/2024/05/IMG_3230.png" alt="Btc price chart" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/IMG_3230.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/05/IMG_3230-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/IMG_3230-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/IMG_3230-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p>The Bitcoin price has been on a steady rise since February, which saw BTC surpass its previous all-time high (ATH) at $69,000 to surge to a new ATH of $73,737 in March.</p>
<p>However, the price fluctuations below this level show that the bears have been in control, with BTC trading within the $64,000 and $72,000 range at the beginning of April.</p>
<p>BTC went on a downtrend from mid-April, falling within the confines of a falling wedge pattern. Last week saw BTC drop below the $60,000 critical support, as it slumped to $56,800. This level allowed the bulls to push the price, surpassing the upper boundary of the wedge, as the bulls aim to push the price even higher.</p>
<p>BTC trades above the 50-day Simple Moving Average (SMA), confirming the bullish sentiments. If the bullish momentum is sustains, the SMA will soar past the 200-day SMA hurdle above $64,976.</p>
<p>Moreover, the Relative Strength Index (RSI) also trades above the 50-midline level as it moves to the north, an indication of rising buying pressure. A sustained bullish stance could see the RSI cross to the 70-overbought region, showing continued investor optimism.</p>
<h2 id="bitcoin-price-prediction-btc-bulls-aim-for-72-500">Bitcoin Price Prediction BTC Bulls Aim For $72,500</h2>
<p>The Bitcoin price analysis on the 4-hour chart indicates that BTC is set to continue its surge over the falling wedge pattern. The major indicators, including the RSI and SMAs, signal a possible breakout, which could see the bulls propel the price to $72,500.</p>
<p>However, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $67,714. A death cross could prompt the bears to initiate a price retrace to the next support level at $61,088.</p>
<p>Meanwhile, some investors are diversifying their portfolios with $99BTC, a Bitcoin derivative that has soared past $1.1 million in funds raised in its presale.</p>
<h2 id="99bitcoins-presale-blasts-past-1-million-best-crypto-to-buy-now">99Bitcoins Presale Blasts Past $1 Million Best Crypto To Buy Now?</h2>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> is an educational platform with over 700,000 subscribers on its YouTube channel and more than two million people registered for the website’s courses. 99Bitcoins uses a simplified approach with interactive videos to make learning easy.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">What is Spatial Computing? Discover how <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> is transforming AR/VR, making immersive digital worlds more interactive and secure.</p>
 <p>Dive deeper: <a href="https://t.co/2hlZYRFHBv" rel="noopener noreferrer nofollow">https://t.co/2hlZYRFHBv</a><a href="https://twitter.com/hashtag/99BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99BTC</a> <a href="https://twitter.com/hashtag/SpatialComputing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpatialComputing</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>99Bitcoins is now set to create a decentralized platform where it paves the way for users to learn more about crypto and leverage their education to earn tokens.</p>
<p>99Bitcoins intends to enhance the learning experience by gamifying Bitcoin education, as users who complete challenges and lessons earn higher rankings and $99BTC tokens as rewards.</p>
<p>99Bitcoins also integrates with BRC-20, which allows users to easily build dApps on the Bitcoin network.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing $99BTC on BRC-20! 🎓</p>
 <p>Since 2013, <a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> has been the go-to resource for learning about <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a>.</p>
 <p>We're launching a platform that enables the building of <a href="https://twitter.com/hashtag/dApps?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#dApps</a> on top of the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> network!💡<a href="https://twitter.com/hashtag/LearnToEarn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LearnToEarn</a> rewards users on the Bitcoin blockchain.🙌</p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Holders of 99BTC can stake their tokens for an annual percentage yield (APY) of an impressive 1,598%. About 14% of the 99 billion token supply has been allocated for staking rewards.</p>
<p>Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn $1K into $10K after launch.</p>
<p><iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="https://www.youtube.com/embed/G2trqq3KNYE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>You can buy 99BTC now for $0.00103. But with a price hike coming in less than 90 minutes, buy quickly to lock in the best deal.</p>
<p>To join the presale, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">you can buy $99BTC from the official website here</a>. You have the option of buying the tokens using ETH, USDT, or a bank card.</p>
<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! </a></li>
 <li><a href="https://www.linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze" rel="noopener noreferrer nofollow">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 </a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
</ul>

Bitcoin Price Prediction: Analysts Say BTC “Danger Zone” May Have Passed As This Learn-To-Earn Crypto ICO Powers Past $1M

Table of Contents

Inside Bitcoins

Other articles published on May 7, 2024

Anticipation Grows as SEC Postpones Decision on Invesco Galaxy Ethereum ETF (ETH) Until July 5th

Ripple Vs. SEC: Sealed Remedies Reply Brief Filed, What To Expect Now

Unlock $800 Daily Profits with Simple Crypto Mining: A Comprehensive Guide for Bitcoin (BTC) Enth...

DOGE Price: Whales Shuffle 767 Mln Coins Via Robinhood, What’s Next?

BlockDAG’s Strategic Roadmap Fuels Investor Confidence, Targeting a $20 Valuation by 2027 Amid Ma...

Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows

Join our free newsletter for daily crypto updates!