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The Bitcoin price has fallen by a fraction of a percent in the past 24 hours to trade at $64,252 as of 2:10 a.m. EST on trading volume down 27% to $35.2 billion.
This is because the quadrennial Bitcoin halving event was triggered at the block height of 840,000. The launch of the Runes Protocol has created a frenzy on the Bitcoin blockchain as speculators attempted to mint new digital tokens, resulting in an increase in average transaction fees per block to as much as 18.62 BTC.
Medium priority transactions cost $146, while high priority transactions cost around $170.
Bitcoin price is gearing up for a bullish rally over the bullish pennant
Bitcoin price has been on an upward trend since November, with the bulls maintaining the bullish momentum to push the price to new highs. However, as of January this year, BTC rose dramatically to a new all-time high (ATH) of $73,737.
BTC is fluctuating within this range, forming a bullish pennant pattern, with the bulls finding stable support around $62,200. This support is intended to push the price towards the upper limit of the bullish pennant.
Bitcoin price is trading above the 200-day Simple Moving Average (SMA), confirming bullish upside potential. A continued bullish stance could eventually push the price above the 50-day SMA, pointing to a fresh rise above $63,398.
Furthermore, the Relative Strength Index (RSI) is recovering from the 30-oversold level to the 50-midline level at 45, indicating intense buying pressure.
Bitcoin Price Prediction – Bulls Target $85,000
Bitcoin price analysis shows that the BTC bulls are undergoing a bullish trend reversal at the $62,200 support level, aiming to push the price over the upper limit targeted at $85,000.
The RSI and the golden cross at $28,142 support the bullish sentiment.
However, if the bears apply more pressure to break the critical support level at $60,000, BTC could return to the next support around $47,300, which coincides with the 200-day SMA.
Meanwhile, as the BTC bulls continue to push the price higher, investors are also looking to buy $99BTC, a platform that rewards users for learning about crypto.
99Bitcoins Crypto ICO Shoots Past $570K – Best Bitcoin Alternative to Buy Now?
The 99Bitcoins (99BTC) platform has been a beacon in crypto education, using a simplified approach with interactive videos to make learning about the blockchain space easier and more fun.
99Bitcoins has more than 700,000 subscribers to its YouTube channel and more than two million people have signed up for the courses on the website. With Bitcoin already halving, more people than ever are interested in gaining the knowledge to invest wisely in crypto.
With the #BitcoinHalfing event just 9 days away, speculation increases: Is $BTCWill the price skyrocket after the halving? 👀
Dive into our analysis of the potential price impact of this crucial supply shock.
Read more: https://t.co/zTA3n26nDl#99Bitcoins #halving #Bullmarket
— 99Bitcoins (@99BitcoinsHQ) April 11, 2024
The 99Bitcoins ICO aims to create a decentralized platform where people can learn more about cryptocurrencies and use their education to earn tokens.
The Learn-to-Earn model uses a combination of gamification and a leaderboard reward system to give users the feeling that their learning process delivers tangible (disposable) benefits. Simply put, users earn crypto while learning about crypto.
The gamification aspect is achieved through various learning tools, including interactive learning modules, quizzes and tutorials. Successful completion of these challenges increases a user’s 99Bitcoins rank, so the higher the rank, the bigger the payout.
What is Spatial Computing? Find out how #Blockchain transforms AR/VR, making immersive digital worlds more interactive and secure.
Dive deeper: https://t.co/2hlZYRFHBv#99BTC #Spatial computing #Web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
Initially launched as an ERC-20 crypto, 99BTC will be bridged to the BRC-20 token standard and then join the growing ecosystem of projects built on the Bitcoin blockchain.
99Bitcoins is also conducting a massive airdrop for $99,999 worth of Bitcoin. This is only for early supporters who follow the instructions on the official website.
There is also a giveaway worth $9,999 Bitcoin for three participants who follow, retweet or sign up.
There is also a staking mechanism that offers an annual return of € 3,385%.
Crypto analysts and YouTuber Jacob Bury say that 99BTC can turn a $1,000 investment into $10,000 after launch.
The project has already raised more than $578,000 in funding in just 10 days as it quickly moves toward its $1.1 million goal.
You can now buy $99BTC for $0.00101 per token. There will be a price increase in about three days, so buy quickly if you’re interested.
To participate in the presale, you can buy $99BTC on the official website here. You can use ETH, USDT or a bank card.
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99Bitcoins (99BTC) – Earn New Learning Token
- Verified by solid evidence
- Established brand – founded in 2013
- Free Airdrop – Win a share of $99,999
- Learn to earn – get paid to complete trading courses
- More than 700,000 YouTube communities
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