2024

Bitcoin

Standard

Donald Trump

The Bitcoin price rose a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $71,273</a> as of 03:28 a.m. EST on trading volume that dropped 5% to $26 billion.
Standard Chartered Bank sees better days ahead for the king of cryptos.&nbsp;Forex and digital assets research head Geoffrey Kendrick says the BTC price could hit $150K by the end of 2024 on optimism around the possibility that Donald Trump is voted back into office as president in November’s elections.
 Kendrick also said the Bitcoin price could surge to $200K by the end of 2025.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Bitcoin May Hit $150K by Late 2024 Amid Trump Re-Election Hopes, Says Standard Chartered
 🌟🚀 Bitcoin to $150,000 by end of 2024? Experts believe a Trump election win could supercharge the crypto industry! 📈🇺🇸 <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/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Trump2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trump2024</a> <a href="https://twitter.com/hashtag/CryptoMarket?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoMarket</a> <a href="https://t.co/xnnXnR1koa" rel="noopener noreferrer nofollow">pic.twitter.com/xnnXnR1koa</a>
 — smita (@smitatothemoon) <a href="https://twitter.com/smitatothemoon/status/1798770707851301029?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Bitcoin and the broader crypto market have seen rising sentiment since May due to the regulatory approval for Ethereum ETFs (exchange-traded funds). Moreover, spot BTC ETFs continue to gain significant inflows, crossing $15 billion in net inflows on Tuesday for the first time since going live in January. This has actively boosted sentiment among Bitcoin traders.
After the approval of ETH ETFs, Bitcoin was able to rise from the lower boundary of the symmetrical triangle, using the $61,073 support zone to propel the price over the upper boundary of the triangle, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
<img decoding="async" class="alignnone size-full wp-image-533485" src="https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot_37.png" alt="FEAR &amp; GREED INDEX" width="768" height="334" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot_37.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot_37-300x130.png 300w" sizes="(max-width: 768px) 100vw, 768px">
The Crypto Fear and Greed Index shows that the market flipped into extreme greed earlier this week amid optimism over the future outlook for the crypto market.
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-bulls-eye-a-sustained-rally-over-the-symmetrical-triangle-span">Bitcoin Price Prediction – Bulls Eye A Sustained Rally Over The Symmetrical Triangle</h2>
<figure id="attachment_533487" aria-describedby="caption-attachment-533487" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-533487" src="https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-07_10-28-27.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-07_10-28-27.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-07_10-28-27-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-07_10-28-27-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-07_10-28-27-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-533487" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The Bitcoin price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish upside potential.
Moreover, the Relative Strength Index (RSI) is trading up as it closes in on the 70-overbought region, currently at 62, which shows that buyers have an upper hand.
The Moving Average Convergence Divergence (MACD) line (blue) crosses above the orange signal line, opening up positions for optimistic investors as it forms a bullish crossover. The green bars on the histogram are also beginning to form over the neutral line, showing that BTC is currently on a positive trajectory.
With all the technical indicators encouraging the bulls to buy more, BTC could soar to the next ATH at $90,000.
However, with the asset being highly overbought, there could be a looming price retrace back to the $55,271 support level, which coincides with the 200-SMA.
With Bitcoin’s price outlook looking strong, some investors are turning to Bitcoin-themed tokens that might benefit from another sharp upswing. One such coin is $99BTC, which has already raised more than $1.9 million in its presale.
<h2 id="span-style-font-weight-400-99bitcoins-presale-closes-in-on-2-million-span">99Bitcoins Presale Closes In On $2 Million</h2>
Since its inception in the crypto realm, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> has become a pillar of crypto education. In the beginning, the platform could only offer detailed guides for trading, wallets, and earning crypto, but has since undergone a massive transformation.
The platform has over 2 million registered users for its courses and more than 700,000 subscribers on its YouTube channel.
The introduction of its $99BTC token ICO has fueled a groundbreaking learn-to-earn (L2E) model. 99Bitcons aims at gamifying crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
<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>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Furthermore, 99Bitcoins merges with BRC-20, making it easier for developers to build apps on the Bitcoin Network.
<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>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
You can also earn passively through <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">the project’s staking model</a>, which offers an impressive 855% annual percentage yield (APY).
Jacob Bury, a prominent crypto analyst on YouTube, says that the 99Bitcoins token could potentially surge 10X after its 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>
You can buy $99BTC tokens for $0.00108 each. With a price hike coming in less than 4 days, buy soon to lock in the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">buy $99BTC from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="span-style-font-weight-400-related-news-span">&nbsp;Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-metaverse-crypto-projects-top-picks-nft-virtual-world-calsona-r6the/" rel="noopener noreferrer nofollow">🚀🌐 Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts 🎮💰</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-web3-crypto-projects-top-picks-investing-future-calsona-qr6te" rel="noopener noreferrer nofollow">🚀🌕 Best Web3 Crypto Projects: Top Picks for Investing in Decentralized Future 🌐💰</a></li>
</ul>

Bitcoin Price Prediction: As Standard Chartered Says BTC Could Hit $150K This Year On Donald Trump Re-Election Hopes, 99BTC Closes on $2 Mil...

Table of Contents

Inside Bitcoins

Other articles published on Jun 7, 2024

Analyst Predicts Bitcoin Could Surge

Kitty-Themed Crypto Pumps 65% In Anticipation Of 'Roaring Kitty' YouTube Livestream, Trading Volu...

US Appeals Court Rejects SEC Rules on Private Fund Disclosures

Bitcoin, Ethereum, Dogecoin End Week With Strong Sell-Off As Traders React To Roaring Kitty Stream

The Two Nerds That Beat Vegas Roulette With Science

Kevin O'Leary Advocates For Strict Regulatory Compliance: Implications For Digital Assets

Join our free newsletter for daily crypto updates!