Convergence

Bitcoin

April

Optimism

<p>The Bitcoin price has surged 7% in the last week and 0.9% over the last 24 hours to trade at $67,251 as of 02:38 a.m. EST on volume that jumped 62%.</p>
<p>Optimism continues to abound in the crypto market with top analyst and Bybit’s top Master Trader Bluntz predicting that the Bitcoin price will rise to $110,000.</p>
<p>He bases this prediction on the analysis that BTC is in the midst of a five-wave surge en route to new all-time highs.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">current <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#btc</a> weekly is an absolute monster and has been up only from last weeks lows.</p>
 <p>i suspect a pullback comes from horizontal resistance around 71k after everyone sidelined has successfully fomo'ed back in.</p>
 <p>markets are very efficient at doing that. <a href="https://t.co/8bWqttLLUc" rel="noopener noreferrer nofollow">pic.twitter.com/8bWqttLLUc</a></p>
 <p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1814773579030147476?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bluntz’s analysis uses the Elliott Wave theory that says a bullish asset will experience a five-wave rally with the first, third, and fifth waves being to the upside, while the second and fourth waves are periods of correction.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">I maintain my theory…Elliott Waves. As clear a day. <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> it’s even moving faster than I anticipated… <a href="https://t.co/7GoehEGiNI" rel="noopener noreferrer nofollow">pic.twitter.com/7GoehEGiNI</a></p>
 <p>— Crypto Dad (@CryptoDad_DDC) <a href="https://twitter.com/CryptoDad_DDC/status/1814671979502301415?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Meanwhile, crypto investors have their eyes focussed on the Bitcoin 2024 Conference in Nashville, Tennessee starting July 25. With billionaires from different industries lined up on the attendance list, the BTC community’s hopes remain high.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Speakers at Bitcoin 2024 Conference 26-27 July 2024 <a href="https://t.co/cG4tdX1qu7" rel="noopener noreferrer nofollow">pic.twitter.com/cG4tdX1qu7</a></p>
 <p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1814799061708312668?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2024</a></p>
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<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2>
<p>The Bitcoin price is trading with a bullish bias, recording strong higher highs on the one-day timeframe against the US dollar (USD). It has escaped the Fibonacci Golden Zone and holds well above the 38.2% retracement level of $65,772.</p>
<p>Looking at the Relative Strength Index (RSI), which is well above the mean level of 50, bullish momentum abounds in the BTC market. Its position below the threshold of 70 shows there is still more room to the upside before BTC is considered overbought and a correction or pullback is due.</p>
<p>The Moving Average Convergence Divergence (MACD) is also above the signal line (orange band), and in positive territory. The histogram bars of the MACD also flash green, further tilting the odds in favor of the bulls.</p>
<h2 id="bitcoin-price-could-test-73-553">Bitcoin Price Could Test $73,553</h2>
<p>Increased buyer momentum above current levels could see the Bitcoin price shatter the 23.6% Fibonacci retracement level of $68,746. In a highly bullish case, BTC could extend a neck higher to test the $73,553 range high, levels last seen around mid-March.</p>
<p>Based on the volume profile, whose nodes have spiked (yellow), there is a herd of bulls waiting to interact with the Bitcoin price in its next show of strength.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-555397 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon.png" alt="Bitcoin" width="1366" height="768" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTC-mon-768x432.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a></p>
<p><a href="https://www.geckoterminal.com/eth/pools/0x4585fe77225b41b697c938b018e2ac67ac5a20c0" target="_blank" rel="noopener noreferrer nofollow">GeckoTerminal: BTC/USD 1-day chart</a></p>
<h3 id="converse-case">Converse Case</h3>
<p>On the other hand, if the bears take over the market, the Bitcoin price could extend the fall. A break and close below the 38.2% Fibonacci retracement level would plunge BTC back into the Fibonacci Golden Zone, with the potential for further dump.</p>
<p>A candlestick close below the 50% Fibonacci placeholder of $63,369 would provoke selling, with the massive sell-orders invigorating the prospective downtrend.</p>
<p>Nevertheless, the bullish thesis for the Bitcoin price would only be invalidated upon a candlestick close below $53,185. Such a move would constitute a 20% drop below current levels.</p>
<p>Meanwhile, the 99Bitcoins (99BTC) ICO has just blasted past $2.5 million in funds raised in its presale. Influential YouTuber Jacob Bury says that it can potentially turn $1K into $10K after its 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>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
<p>Since its inception in the crypto realm, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins</a> has gained traction as a major pillar of crypto education. The platform has over 2 million registered users and more than 705,000 subscribers on its YouTube channel.</p>
<p>Its 99Bitcoins ICO aims to gamify crypto education by allowing users to complete lessons and tackle challenges to earn higher rankings and rewards through $99BTC tokens.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Revolutionizing <a href="https://twitter.com/hashtag/Learn2Earn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Learn2Earn</a>! 📘</p>
 <p>🎓 Why It’s the Future:</p>
 <p>With the $99BTC Token, you can earn rewards simply by expanding your <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a> knowledge.</p>
 <p>The Numbers: 🔢</p>
 <p>– 79 hours of Courses<br>– 709K Followers<br>– 2.85M Subscribers</p>
 <p>Take a look: <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</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/rtBrEJjaZA" rel="noopener noreferrer nofollow">pic.twitter.com/rtBrEJjaZA</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1787063963382939801?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project merges with BRC-20, allowing developers to build dApps on the Bitcoin Network seamlessly.</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>Token holders can also earn passively through the project’s <a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">staking model</a>, which offers investors an impressive 686% annual percentage yield (APY).</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/st99BTC.png" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-555400 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/st99BTC.png" alt="st99BTC" width="780" height="182" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/st99BTC.png 780w, https://insidebitcoins.com/wp-content/uploads/2024/07/st99BTC-300x70.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/st99BTC-768x179.png 768w" sizes="(max-width: 780px) 100vw, 780px"></a></p>
<p>Investors can buy the 99BTC token for $0.00114. With a price hike due in less than 23 hours, buy soon to nail the best price.</p>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">Visit and buy 99Bitcoins here</a>.</p>
<h3 id="also-read">Also Read:</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://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 Prediction: As Top Analyst Says BTC Is Headed To $110k, The 99BTC ICO Powers Past $2.5 Million

Зміст

Inside Bitcoins

Інші статті, опубліковані 22 лип. 2024 р.

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