Bitcoin

April

Penny

Donald Trump

BlackRock

<p>The Bitcoin price pumped 2% in the past 24 hours to trade for $61,905 as of 03:54 a.m. EST on trading volume that surged 57%.</p>
<p>It comes amid recent developments that point to growing institutional interest in the BTC market by way of spot exchange-traded funds (ETFs). Among them:</p>
<ul>
 <li>Switzerland’s largest bank, UBS, owns 3,600 shares in the BlackRock ETF, according to filings with the Securities and Exchange Commission.</li>
 <li>Boston-based Bracebridge Capital has reported owning $433 million worth of Bitcoin through ETFs.</li>
 <li>Bank of Montreal disclosed spot BTC ETF holdings in a new filing.</li>
</ul>
<p>With institutional players building positions in BTC through ETFs, is a new phase of adoption starting with governments, too, joining in? There are certainly some early signs of such a development with Donald Trump warming up to crypto as he battles for another term as president.</p>
<p>These revelations come as the market volatility continues to decrease, leading to a shift in net inflows towards US ETFs. This appears to be boosting expectations for a market rebound.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Neutral <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> funding rates since April signal a healthier market. <a href="https://t.co/xSH8HRgBQq" rel="noopener noreferrer nofollow">pic.twitter.com/xSH8HRgBQq</a></p>
 <p>— Kyledoops (@kyledoops) <a href="https://twitter.com/kyledoops/status/1789958834238455880?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2>
<p>The four-hour chart for the BTC/USDT trading pair shows that the Bitcoin price has broken above a descending trendline. This is after a steady streak of lower highs. The pioneer cryptocurrency is attempting higher highs as it treads along an ascending trendline.</p>
<p>However, the upside potential may be capped for now, with the dome-shaped Relative Strength Index (RSI) showing momentum is falling. A lower high on the RSI, coupled with a slip of the Bitcoin price below the $60,630 support level would signify a change in market structure.</p>
<p>For the bullish thesis to be invalidated, however, the Bitcoin price must extend the fall to record a lower low below $56,552. The market appears to be favoring the downside, seen with the RSI below the mean level of 50. The position of the Awesome Oscillator (AO) in negative territory accentuates this outlook.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-520753 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35.png" alt="Bitcoin price" width="1273" height="536" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35-300x126.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35-1024x431.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-14_10-42-35-768x323.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/chart/xfJjN3dv/?symbol=BINANCE%3ABTCUSDT" target="_blank" rel="noopener noreferrer nofollow">BTC/USDT 4-hour chart</a></p>
<p>However, a show of strength among BTC bulls could see the Bitcoin price recover. A breach of the $63,354 roadblock would entice more bulls, with the ensuing buying pressure sending the pioneer cryptocurrency to the $65,500 threshold.</p>
<p>This would also signify another change in market structure in favor of the upside, @DaanCrypto says, adding that it could lead to a move towards the range highs again.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Higher low potentially made on the LTF.</p>
 <p>The sign of strength I want to see is a break above the previous lower high at $65.5K (White dotted line).</p>
 <p>That would make for a change in market structure and likely lead to a move towards the range highs again. <a href="https://t.co/5JGkGxbuaD" rel="noopener noreferrer nofollow">https://t.co/5JGkGxbuaD</a> <a href="https://t.co/BpfwF3NZ4W" rel="noopener noreferrer nofollow">pic.twitter.com/BpfwF3NZ4W</a></p>
 <p>— Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1790023076354064809?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 13, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In a highly bullish case, the Bitcoin price could extend a neck higher to the $70,000 psychological level.. This would provide a good jumping-off point for BTC to retake the $72,797 range high, or in a higher bullish case, the all-time high of $73,777.</p>
<h2 id="on-chain-metrics-to-support-bearish-outlook-for-bitcoin-price">On-Chain Metrics To Support Bearish Outlook For Bitcoin Price</h2>
<p>According to IntoTheBlock’s In/Out of the Money Around Price (IOMAP) metric, the Bitcoin price faces strong resistance. The more immediate roadblock ranges between $61,915 and $63,728 where 1.84 million addresses hold approximately 722.52K BTC. These were purchased at an average price of $62,603.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-520756 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP.png" alt="IOMAP" width="1165" height="460" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP.png 1165w, https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP-300x118.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP-1024x404.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/IOMAP-768x303.png 768w" sizes="(max-width: 1165px) 100vw, 1165px"></a></p>
<p><a href="https://app.intotheblock.com/coin/BTC/deep-dive?group=financials&amp;chart=inAndOut" target="_blank" rel="noopener noreferrer nofollow">BTC IOMAP</a></p>
<p>Meanwhile, as the Bitcoin price continues to struggle, some investors are pivoting into the 99BTC presale, which has raised upwards of $1.25 million.</p>
<p><iframe title="$TRUMP IS PUMPING!! WILL IT 100X FROM HERE?!" width="640" height="360" src="https://www.youtube.com/embed/xjMvJHgjM2Q?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>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99BTC</a> is the powering token for the 99Bitcoins project, an innovative Learn-to-Earn platform that offers top class educational courses covering the crypto industry while offering students a way to monetize learning.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🌟📚 Start Your $99BTC Journey with Our Free Crash Course! 🌟🎓</p>
 <p>Over 100,000 students have enjoyed our course, receiving daily emails with essential <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> alpha. ✅</p>
 <p>From over 750 participants, it's designed to be short, sweet, and super educational!</p>
 <p>👉 <a href="https://t.co/PepIrsQGUi" rel="noopener noreferrer nofollow">https://t.co/PepIrsQGUi</a> <a href="https://t.co/UohphNbGbS" rel="noopener noreferrer nofollow">pic.twitter.com/UohphNbGbS</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784945905839333719?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>99BTC gamifies learning with incentives and a leaderboard that literally enables people to earn crypto as they learn about it.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Exclusive access to advanced modules is available for $99BTC token holders. 🏆</p>
 <p>Dive into topics from sophisticated trading strategies to in-depth <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> technology applications.</p>
 <p>Join the <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> now! <br>👉 <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://t.co/M5p0dtDc9f" rel="noopener noreferrer nofollow">pic.twitter.com/M5p0dtDc9f</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784583408183660750?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 28, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Investors can stake their 99BTC tokens for an annual return of 1,373%. So far, upwards of 793 million 99BTC tokens have been staked.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">🚀 <a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> milestone alert! 🚀</p>
 <p>We've surpassed 900K in our $99BTC <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a>! 🔥</p>
 <p>With stage 3 ending in just 1 day, now's the time to secure your tokens!</p>
 <p>Join our presale now! <br>👉 <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/AltSeason?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#AltSeason</a> <a href="https://twitter.com/hashtag/CryptoCurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoCurrency</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/51pCWPJjEP" rel="noopener noreferrer nofollow">pic.twitter.com/51pCWPJjEP</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1784927637619548638?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Each 99BTC token is currently selling for $0.00105. The price will increase in less than seven days, so buy now if you are interested.</p>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">Visit and buy 99Bitcoins here</a> with ETH, USDT, or a bank card.</p>
<h3 id="strong-also-read-strong"><strong>Also Read:</strong></h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/99bitcoins-price-prediction" rel="noopener noreferrer nofollow">99Bitcoins Price Prediction – $99BTC Profit Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-launches-new-learn-to-earn-airdrop-presale-todaytrader-video-review" rel="noopener noreferrer nofollow">99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-token-unveils-learn-2-earn-crypto-ico-next-brc-20-project-to-explode" rel="noopener noreferrer nofollow">99Bitcoins Token Unveils Learn 2 Earn Crypto ICO, Next BRC-20 Project To Explode?</a></li>
 <li><a href="https://insidebitcoins.com/news/top-gaming-coins-to-buy-in-the-upcoming-bull-run-99bitcoins-video-review" rel="noopener noreferrer nofollow">Top Gaming Coins to Buy Before the Upcoming Bull Run – 99Bitcoins Video Review</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" rel="noopener noreferrer nofollow">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</a></li>
</ul>

Bitcoin Price Pumps 2%, But Investors Rush To Buy This Learn-To-Earn BTC Offering A 1,373% Staking Return

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Inside Bitcoins

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