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Bitcoin price has fallen less than 1% in the past 24 hours. Traded for $64,252 As of 2:10 a.m. ET, trading volume was down 27% to $35.2 billion.
This happens because the Bitcoin halving event, which takes place every four years, was triggered at block height 840,000. The launch of the Runes protocol sparked a frenzy on the Bitcoin blockchain as speculators sought to mint new digital tokens, resulting in average transaction fees per block soaring to 18.62 BTC.
A medium-priority transaction costs $146, while a high-priority transaction increases the cost to approximately $170.
Bitcoin price gears for bullish rally against bullish pennant
Bitcoin price has been on an upward trajectory since November, with bulls maintaining bullish momentum to push the price to new highs. However, since January of this year, BTC has broken its all-time high (ATH) of $73,737.
BTC fluctuated within this range, forming a bullish pennant pattern, with the bulls finding stable support around $62,200. This support aims to push the price towards the upper border of the bullish pennant.
Bitcoin price is trading above the 200-day simple moving average (SMA), confirming the upside potential. A continued bullish stance could eventually push the price above the 50-day SMA, indicating another rally above $63,398.
Additionally, the RSI (Relative Strength Index) is rebounding from an oversold level of 30 to 45 to the 50 mid-line, indicating strong buying pressure.
Bitcoin Price Prediction – Bulls Aim for $85,000
According to Bitcoin price analysis, BTC bulls are preparing for a bullish trend reversal from the $62,200 support level and are targeting $85,000 to push the price past the upper limit.
The RSI and golden cross at $28,142 support the bullish sentiment.
However, if the bears apply more pressure to break the important support of $60,000, BTC could move back to the next support around $47,300, coinciding with the 200-day SMA.
Meanwhile, as the BTC bull market continues to push prices higher, investors are looking to buy $99BTC, a platform that rewards users learning about cryptocurrencies.
99Bitcoins Crypto ICO Surpasses $570K What are the best Bitcoin alternatives to buy right now?
that much 99Bitcoin (99BTC) The platform has been a beacon of cryptocurrency education, using a simplified approach through interactive videos to make learning about the blockchain space easier and more fun.
99Bitcoins has over 700,000 subscribers on its YouTube channel and over 2 million people enrolled in its website courses. With Bitcoin already halved, there are more individuals than ever interested in gaining the knowledge to invest wisely in cryptocurrencies.
with #Bitcoin halving We’re just 9 days away from the event and speculation is growing. $BTCStock prices soar after halving? 🙌
Take a closer look at our analysis of the impact this pivotal supply shock could have on prices.
Read more: https://t.co/zTA3n26nDl#99Bitcoin #bisector #bull market
— 99Bitcoins (@99BitcoinsHQ) April 11, 2024
99Bitcoins ICO aims to create a decentralized platform where people can learn about cryptocurrencies and leverage their education to earn tokens.
The learn-after-profit model combines gamification and a leaderboard reward system to make users feel like their learning is receiving tangible (consumable) benefits. Simply put, users earn cryptocurrency while learning about it.
The gamification aspect is achieved through a variety of learning resources, including interactive learning modules, quizzes, and tutorials. Successfully completing these challenges increases a user’s 99Bitcoins rank, so the higher the rank, the larger the payout.
What is Spatial Computing? Find out how #blockchain We are transforming AR/VR, making immersive digital worlds more interactive and secure.
Learn more: https://t.co/2hlZYRFHBv#99BTC #spatial computing #web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
Initially launched as an ERC-20 cryptocurrency, 99BTC will be linked to the BRC-20 token standard. Join the growing ecosystem of projects built on the Bitcoin blockchain.
99Bitcoins is also holding a massive airdrop of $99,999 worth of Bitcoin. This only applies to early supporters who follow the instructions on the official website.
There is also another giveaway where three participants who follow, retweet or sign up for the website will receive $9,999 worth of Bitcoin.
There is also a staking mechanism that provides annual returns. 3,385%.
Crypto analyst and YouTuber Jacob Bury says 99BTC could turn a $1,000 investment into $10,000 after launch.
The project has already raised more than $578,000 in 10 days, rushing toward its $1.1 million stage goal.
You can now purchase $99BTC for $0.00101 per token. There will be a price increase in about 3 days, so if you are interested, hurry up and buy it.
To participate in the pre-sale: You can purchase $99BTC on the official website here. You can use ETH, USDT or bank cards.
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