Bitcoin Price Prediction: BlackRock’s BTC ETF Records Largest Inflows Since March As Investors Flock To This Learn-To-Earn Token And Its 685% APY

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The
Bitcoin
price
dropped
1%
in
the
last
24
hours



to
trade
at
$67,424


as
of
00:50
a.m.
EST
on
trading
volume
that
surged
46%
to
$42
billion.


This
comes
as
Bitcoin
spot
ETFs
(exchange-traded
funds)
cumulatively
netted
over
$17
billion
in
inflows
since
launch
in
January,
a
new
record
driven
mainly
by
BlackRock’s
IBIT.


IBIT
recorded
its
biggest
day
of
inflow
since
March,
with
over
$523
million
entering
the
fund
on
Monday.
BlackRock
purchased
7,759
Bitcoin
on
July
22,
bringing
its
total
sum
to
333,000
BTC,
amounting
to
approximately
$22
billion.

Bitcoin
Price
To
Continue
Its
Surge
Over
The
Ascending
Triangle

Bitcoin Price Chart Analysis Source: GeckoTerminal.com

Bitcoin Price Chart Analysis Source: GeckoTerminal.com

Bitcoin
Price
Chart
Analysis
Source:
GeckoTerminal.com


The
Bitcoin
price
has
been
on
a
tear
in
July,
up
16%
in
the
last
two
weeks,
according
to
data
from



GeckoTerminal
.
It
rose
from
the
$58,000
support
zone
to
soar
to
$68,444,
which
acted
as
the
immediate
support
zone
as
the
price
of
Bitcoin
fluctuated
within
an
ascending
triangle
pattern.


BTC
price
aims
for
a
breakout
above,
as
the
asset
trades
above
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
confirming
the
bullish
rally
to
the
upside.


Moreover,
the
Relative
Strength
Index
(RSI)
is
rebounding
from
the
50-midline
level,
as
it
aims
for
a
breakout
above.
Trading
within
the
50-midline
level
shows
that
the
price
is
in
equilibrium,
as
the
bulls
aim
to
push
the
token
up.

Bitcoin
Price
Prediction


According
to
the
Bitcoin
price
analysis
on
the
1-hour
chart,
the
bulls
aim
to
use
the
ascending
triangle
pattern
to
propel
the
token
to
the
upside
as
they
target
$71,247.


Furthermore,
according
to
10X
Research
founder
Markus
Thielen,
there
is
a
solid
chance
that
Republican
nominee
Donald
Trump
will
surprise
everyone
by
announcing
that
he
will
make
Bitcoin
a
strategic
reserve
asset
at
the
upcoming
Bitcoin
2024
conference
in
Nashville
on
July
25.


This
could
mean
some
bullish
prospects
for
the
price
of
Bitcoin
in
the
coming
weeks.


However,
if
the
bears
take
control
of
the
price
to
breach
the
critical
support
at
$67,000,
the
BTC
price
may
retrace
further
to
$62,684.


Meanwhile,
Bitcoin
investors
are
also
eyeing
another
Bitcoin-linked
project
called

99Bitcoins
(99BTC)
,
which
has
just
blasted
past
$2.5
million
in
funds
raised
in
its
presale.


Jacob
Bury,
a
prominent
crypto
YouTuber,
believes
that
99BTC
has
the
potential
to
turn
$1K
into
$10K
after
launch.

99Bitcoins
Presale
Blasts
Past
$2.5
Million

Best
Crypto
To
Buy
Now?


99Bitcoins
has
been
a
sensation
in
the
crypto
space.
It’s
an
educational
platform
with
over
700,000
subscribers
on
its
YouTube
channel
and
over
2
million
people
registered
for
the
website’s
courses.


99Bitcoins
uses
a
simplified
approach
to
education
with
interactive
videos
to
make
learning
about
anything
in
the
space
easier
and
fun.


99Bitcoins
is
now
set
to
create
a
decentralized
platform
that
will
allow
users
to
learn
more
about
crypto
and
earn
tokens
by
leveraging
their
education.


It
will
enhance
the
learning
experience
by
gamifying
Bitcoin
education.
Users
who
complete
challenges
and
lessons
earn
higher
rankings
and
$99BTC
tokens
as
rewards.


99Bitcoins
also
integrates
with
BRC-20,
which
allows
users
to
easily
build
dApps
on
the
Bitcoin
network.

Buy
And
Stake
99BTC
For
685%
Annual
Rewards


The
team
has
already
set
aside
14%
of
the
token’s
99
billion
total
supply
for
staking
rewards
so
you
can
earn
passively
through



the
platform’s
staking
mechanism
.
This
offers
an
impressive
annual
percentage
yield
(APY)
of
685%.


You
can
buy
99BTC
now
for
$0.00114.
But
with
a
price
hike
coming
in
about
an
hour
interested
investors
need
to
buy
quickly
to
secure
the
best
deal.


To
join
the
presale,



buy
$99BTC
from
the
official
website
here
.
You
have
the
option
of
buying
the
tokens
using
ETH,
USDT,
or
a
bank
card.

Related
News

99Bitcoins
(99BTC)

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