To The Moon

2024

Bitcoin

Shiba Inu

The Bitcoin price plunged 3% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $58,835</a> as of 00:33 a.m. EST on trading volume that skyrocketed 49% to $33.5 billion.
This comes after the BTC price briefly dipped below the $58,000 level to $57,874 on Coinbase for the first time in more than two months.
The aftermath of the drop resulted in millions of dollars worth of leveraged long positions being wiped out.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨🚨 𝐂𝐫𝐲𝐩𝐭𝐨 𝐂𝐚𝐫𝐧𝐚𝐠𝐞: $𝟐𝟔𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐞𝐝
 Bitcoin's price fell below $58,000, causing $261 million in liquidations, mostly from long positions.
 Ethereum investors lost $55.5 million. Market drops are influenced by U.S. monetary policy,… <a href="https://t.co/4QSLh5oMcI" rel="noopener noreferrer nofollow">pic.twitter.com/4QSLh5oMcI</a>
 — Zia ul Haque (@ImZiaulHaque) <a href="https://twitter.com/ImZiaulHaque/status/1808736882026762342?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>, over $55 million of long positions have been liquidated in the last 24 hours.
The pullback has been attributed to the Mt. Gox repayment schedule, which is set to begin its repayment of approximately $8.5 billion worth of BTC to its creditors beginning in early July.
In the last month, the price of Bitcoin has plunged 14% from the $71,789 resistance zone, 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-could-soar-over-the-66-273-resistance-zone-span">Bitcoin Price Could Soar Over The $66,273 Resistance Zone</h2>
<figure id="attachment_542954" aria-describedby="caption-attachment-542954" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-542954" src="https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-04_07-33-37.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-04_07-33-37.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-04_07-33-37-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-04_07-33-37-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/WBTC_2024-07-04_07-33-37-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-542954" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The Bitcoin price briefly crossed the 200-day Simple Moving Average (SMA) at $58,487 before rebounding back, making this level the immediate critical support level.
However, the BTC price still trades below the 50-day SMA, which coincides with the prolonged BTC dive from the $71,789 resistance level.
The Relative Strength Index (RSI) also drops below the 50-midline level to trade at 32, an indication that sellers have an upper hand over buyers.
According to the Bitcoin price analysis, BTC could retrace more in the coming weeks, breaching the $58,487 support level, as the sellers exert more pressure. In this scenario, the BTC price could retrace further to find a cushion against downward pressure at $55,752.
Conversely, the RSI is trading within the oversold region, which signals an incoming consolidation phase as the bulls aim to push the token up. If the bulls stage a bullish trend reversal, BTC could soar over the bullish pennant pattern, targeting $66,273 (50-day SMA).
In the long term, the Bitcoin price bulls could push the token over to the $90,000 level.
Meanwhile, some investors are turning to Bitcoin-themed tokens that would be leveraged to a market rebound. One such coin is <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a>, which has already raised more than $2.3 million in its presale.
<h2 id="span-style-font-weight-400-99bitcoins-presale-surges-past-2-3-million-span">99Bitcoins Presale Surges Past $2.3 Million</h2>
99Bitcoins is a pillar of crypto education, with over 2 million registered users for its courses and more than 705,000 subscribers on its YouTube channel.
With the ongoing ICO, the project plans to incentivize learning through the Learn-to-Earn concept, where users can enhance their blockchain knowledge via interactive courses and quizzes on the 99Bitcoins platform while earning $99BTC.
<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>
Long-term $99BTC holders can also benefit from an attractive annual percentage yields (APY) of 716% when they stake tokens.
According to Jacob Bury, a crypto analyst and YouTuber, the $99BTC token could soar 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 $0.00112 each. With a price hike coming in about six 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">Related News</h2>
<ul>
 <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/shiba-inu-price-prediction-2024-moon-crash-landing-calsona-caibe/" rel="noopener noreferrer nofollow">🐕📈 Shiba Inu Price Prediction 2024: 🚀 To The Moon Or 📉 Crash Landing?</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe/" rel="noopener noreferrer nofollow">🚀🤑💰 Best Crypto ICOs of 2024: Top Picks for Big Returns 💰🤑🚀</a></li>
</ul>

Bitcoin Price Prediction: BTC Briefly Falls Below $58K On Coinbase As Investors Flock To This Learn-To-Earn Crypto With A 716% APY

Daftar Isi

Inside Bitcoins

Artikel lain yang dipublikasikan pada 4 Jul 2024

Retirement Portfolio Boosters: 5 Altcoins to Watch in 2024

DWF Labs Launches $20M Cloudbreak Fund to Boost Web3 Innovation in Chinese-Speaking Regions

Worldcoin’s latest reversal – Could this drive demand for WLD?

Oil King Pepe Surges to $7.5 Million, Prepares to Skyrocket Another 19,000% Before KuCoin Listing...

German Government Transfers 3,000 BTC Worth $174 Million

Bitcoin Whales Move $3B: Is a Bigger Dip Coming?

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!