Convergence

Rally

Bitcoin

April

The Bitcoin price rose 7% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $71,062</a> as of 02:42 a.m. EST on trading volume that soared 130% to $52 billion.
This comes as Bloomberg analysts James Seyffart and Eric Balchunas suddenly increased their odds of spot Ether ETF approvals this month to 75% from 25% previously.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Update: <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JSeyff</a> and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). See… <a href="https://t.co/gcxgYHz3om" rel="noopener noreferrer nofollow">https://t.co/gcxgYHz3om</a>
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1792636523050906102?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 20, 2024</a>
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A&nbsp;<a href="https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716286511283" target="_blank" rel="noopener noreferrer nofollow">Polymarket contract</a> asking if an ether ETF would be approved by May 31 jumped from 10 cents to 61 cents as of press time. This represents a 61% chance of approval.
Ethereum soared nearly 20%, with the crypto market broadly increasing its market capitalization by 7% to a $2.61 trillion.
In the last 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 propel the price, data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a> shows.
<h2 id="span-style-font-weight-400-bitcoin-price-set-to-continue-its-rally-over-the-symmetrical-triangle-span">Bitcoin Price Set To Continue Its Rally Over The Symmetrical Triangle</h2>
Major indicators show that BTC could still be set to soar, with BTC trading above both the 50-day and 200-day Simple Moving Averages (SMAs).
<figure id="attachment_523744" aria-describedby="caption-attachment-523744" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-523744" src="https://insidebitcoins.com/wp-content/uploads/2024/05/WBTC_2024-05-21_10-42-52.png" alt="Bitcoin price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/WBTC_2024-05-21_10-42-52.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/05/WBTC_2024-05-21_10-42-52-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/WBTC_2024-05-21_10-42-52-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/WBTC_2024-05-21_10-42-52-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
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 BTCUSD Chart Analysis Source: GeckoTerminal.com
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</figure>
With the BTC price overcoming the 50-day SMA threshold at $65,063, it is set to sustain its surge over the symmetrical triangle pattern.
Moreover, the Relative Strength Index (RSI) is also rebounding from the 50-midline level as it climbs up, currently at 64, as it hurtles towards the 70-overbought region, 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, further propelling the price.
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span">Bitcoin Price Prediction</h2>
The Bitcoin price analysis on the 1-day chart indicates that BTC is set to keep soaring over the symmetrical triangle. The bulls are targeting $86,477 in the coming weeks.
However, in an inverse scenario, the bears could exert more pressure at this level, with $65,063 and $52,501 acting as the immediate support levels.
As the BTC price soars, some investors are also buying $99BTC, which has already raised more than $1.4 million as it hurtles towards a $2 million target.
Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn a $1K investment into $10K after launch.
<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>
<h2 id="span-style-font-weight-400-99bitcoins-presale-hurtles-past-1-4-million-span">99Bitcoins Presale Hurtles Past $1.4 Million</h2>
<a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> has been a sensation as a crypto educational platform, with over 700,000 subscribers on its YouTube channel and more than 2 million people registered for the website’s courses.
With its ICO launch, 99 Bitcoins introduces a learn-to-earn (L2E) concept where users earn by learning about cryptocurrency.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.
 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>
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
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The platform aims to enhance the learning experience by gamifying Bitcoin education, where users complete challenges and lessons, earning them higher rankings and $99BTC as rewards.
99Bitcoins also integrates with BRC-20, which allows the building of dApps on the Bitcoin Network.
Users on the platform can also earn passively by <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">staking $99BTC</a> for an impressive 1,141% annual percentage yield (APY).
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing $99BTC on BRC-20! 🎓
 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>.
 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.🙌
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
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You can buy 99BTC now for $0.00106 per token. If you are tempted to buy 99BTC, do so before a price increase in less than seven days to secure the best price.&nbsp;
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.
<h2 id="b-related-news-b">Related News</h2>
<ul>
 <li style="font-weight: 400;">&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/debit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Debit Card</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
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Bitcoin Price Roars Past $71K As Bloomberg Ups Odds On SEC Approving Ethereum ETFs And This Learn-To-Earn Crypto Heads For $2M

Table of Contents

Inside Bitcoins

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