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Home»BITCOIN NEWS»Bitcoin Price Prediction: The learning cryptocurrency is heading towards $1 million as Arthur Hayes sees a possible bull market in the $1.4 trillion US liquidity boost.
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Bitcoin Price Prediction: The learning cryptocurrency is heading towards $1 million as Arthur Hayes sees a possible bull market in the $1.4 trillion US liquidity boost.

By Crypto FlexsApril 27, 20244 Mins Read
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Bitcoin Price Prediction: The learning cryptocurrency is heading towards  million as Arthur Hayes sees a possible bull market in the .4 trillion US liquidity boost.
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Bitcoin price is little benefit It was trading at $64,183.60 as of 5:40 a.m. ET over the past 24 hours as investors slowly bought the largest cryptocurrency by market capitalization.

BTC’s flat trading may not last long. Former BitMEX CEO Arthur Hayes has predicted that the cryptocurrency market could see a “reacceleration” of the bull market due to potential changes in the US economy.

Hayes said the April 26 measure led by Treasury Secretary Janet Yellen could bring in as much as $1.4 trillion in liquidity. X post. This additional capital could boost riskier asset classes, including cryptocurrencies.

Bitcoin price loses key support.

BINANCE:BTCUSDT Chart Image Credit: StevenWalgenbach

BTC/USDT 4-hour chart (Source: TradingView)

that much Bitcoin The price fell below the $65,104.05 support in the last 48 hours and has not recovered above this point since. Bulls have been trying to push the prices of major cryptocurrencies back above this key level over the past 24 hours, but sellers have blocked any major moves.

As a result, BTC is currently at risk of falling to the next support level at $60,714.87 in the coming days. This bearish argument could be invalidated if Bitcoin price closes a 4-hour candle above $65,104.05 within the next 12 hours.

Traders can identify the 4-hour candle just above this barrier as a buy entry. With the possibility of incoming buying pressure, the Bitcoin price may continue to rise towards the $69,085.36 resistance level.

Sufficient bullish momentum may cause market leaders to turn this price range into support. BTC Then you can have a platform that can reach up to $74,005 in the short term.

Bitcoin price about to enter new bullish phase

Technical indicators on the BTC 4-hour chart are sending mixed signals. Meanwhile, the relative strength index (RSI) is showing weakness below the simple moving average (SMA) line. The former is also negatively slanted.

This not only means that the seller has an advantage over the buyer, but also warns that the seller is getting stronger. Therefore, it will be easier for bears to push Bitcoin price lower over the next 24 hours than for bulls to push it higher.

On the other hand, Moving Average Convergence Divergence (MACD) is on the verge of triggering a major bullish technical signal. BTC appears to be close to entering a new bullish phase, with the MACD line rising towards the MACD signal line.

With BTC about to enter a new bull period and Hayes looking at the potential to inject $1.4 trillion of liquidity into the U.S. economy, Bitcoin Derivatives 99Bitcoin It appears to be well positioned to profit.

A new token with a large community

99Bitcoins is a prominent crypto education platform that has broken down complex crypto concepts over the years. The team is now looking to add educational services through the launch of its own token, 99BTC.

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

By actively participating in the various interactive tutorials and courses available on the 99Bitcoins platform, users can earn cryptocurrency rewards.

This earning potential is increased by the fact that users have access to more educational content as they complete tasks.

With approximately 2 million users registered on the platform and over 700,000 community members across all social platforms, 99BTC has immediate access to a large pool of potential investors.

Investors are rushing to buy 99BTC and participate in the lucrative staking program.

Investors poured more than $830,000 into the pre-sale of 99BTC. This enthusiasm for learning tokens can be partially attributed to the fact that they offer 2,237% annual staking returns.

Currently trading at $0.00102 per token, this cryptocurrency can be purchased using ETH, USDT, BNB or bank cards.

Buy 99BTC tokens on the official website here.

Related articles:

99Bitcoins (99BTC) – Learn how to earn new tokens

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