Bitcoin Price Prediction: Japan’s MicroStrategy Buys More BTC As Experts Say This Might Be The Best Crypto To Buy Now

The
Bitcoin
price
rose
2%
in
the
last
24
hours


to
trade
at
$63,542

as
of
03:16
a.m.
EST
on
trading
volume
that
surged
69%
to
$20.7
billion.

This
comes
as
investment
adviser
Metaplanet,
known
as
Japan’s
MicroStrategy,
said
it
bought
another
$6.7
million
worth
of
BTC,
pushing
its
holdings
to
639.5
BTC,
worth
approximately
$40.6
million.

*Metaplanet
purchases
additional
108.78

$BTC*

pic.twitter.com/Pz2AHupm1T

—
Metaplanet
Inc.
(@Metaplanet_JP)

October
7,
2024

In
May,
the
company
adopted
BTC
as
a
reserve
asset
to
hedge
against
the
volatility
of
Japan’s
native
currency.

It
now
has
the
second-largest
Bitcoin
stash
among
Asia-listed
companies,
behind
Meitu
with
941
BTC.

Bitcoin
Price
Could
Continue
Soaring

According
to
the
1-day
chart,
the
Bitcoin
price
shows
that
BTC
has
been
trading
between
$56,000
and
$72,000,
according
to
data
from


GeckoTerminal.
A
recent
downtrend
below
the
$56,000
support
caused
the
price
of
Bitcoin
to
form
an
inverse
head
and
shoulders
pattern.

The
bulls
aim
to
use
this
pattern
to
propel
the
price
of
Bitcoin
even
further
above
as
it
approaches
the
immediate
resistance
on
the
200-day
Simple
Moving
Average
(SMA)
at
$63,569.
BTC
price
now
being
above
the
50-day
SMA
encourages
this
trend.

Moreover,
the
Relative
Strength
Index
(RSI)
seems
to
be
soaring
above
the
50-midline
level,
currently
at
55,
which
supports
the
overall
bullish
outlook.

If
the
current
trend
continues,
the
bulls
could
capitalize
on
the
inverse
head
and
shoulders
pattern
to
keep
pushing
the
price
of
Bitcoin.
In
this
scenario,
the
bulls
are
currently
targeting
the
$72,000
resistance.

However,
if
the
bears
take
control
of
the
price
at
this
level,
the
price
of
BTC
could
plunge
back
to
the
$56,000
support
zone.

Meanwhile,
investors
might
want
to
consider
diversifying
into
a
new
meme
coin
casino
project
called


Memebet
Casino
(MEMEBET
Token),
which
has
hurtled
past
$384k
in
its
presale.

YouTube
channel
Cryptonews,
with
over
10k
subscribers,
says
that
$MEMEBET
Token
could
soar
100x
after
it
launches.

Memebet
Casino
Heads
For
$500k

The


Memebet
Token

will
bring
closer
together
two
of
the
hottest
themes
in
crypto:
meme
coins
and
GambleFi.
It
offers
an
industry
first
by
allowing
players
to
use
meme
coins
to
wager
at
an
online
casino.

Not
the
casino
we
deserve
but
the
casino
we
need
????

#MemeBet

#Presale
&

#Airdrop
coming
soon!
????

#Memecoins,

#Crypto
gaming
and
more!
????????

$COIN

$DOG

$PEPE

#SOL

#RNDR

pic.twitter.com/oR2xja6JFK

—
MemeBet
(@Memebetcasino)

May
23,
2024

The
project
caters
to
the
“degen”
community,
offering
high-stakes
gameplay,
a
global
sportsbook
that
covers
major
leagues
like
the
EPL
and
NBA,
and
a
diverse
selection
of
crypto-native
games.

When
its
Telegram
crypto
casino
opens,
meme
coin
holders
will
be
able
to
bet 
with
tokens
that
include
Dogecoin
($DOGE),
Shiba
Inu
($SHIB),
Bonk
($BONK),
Floki
($FLOKI),
and
Pepe
($PEPE),
with
more
meme
coins
set
to
be
added.

Users
can
deposit
these
assets
to
wager
on
casino
games,
slots,
and
sports
on
the
Memebet
Casino
platform.

Bro’s
asking
the
right
questions
????#MemeBet

#Presale
&

#Airdrop
soon
⏰

The
number
one
place
for

#Crypto
gaming
and
more!
????
????$FTM

$BTC

#SOL

#Bonk

#WIF

#Doge

#BOME

#Altseason

pic.twitter.com/NLds73vdTX

—
MemeBet
(@Memebetcasino)

May
19,
2024

And
holders
who
bet
with
$MEMEBET
Token
can
increase
rewards
through
the
platform’s
play-to-earn
system. 

To
join
the
presale,


buy
$MEMEBET
Token
on
the
official
website
here

for
$0.0257
using
USDT,
ETH,
or
a
bank
card.

With
a
price
increase
scheduled
in
less
than
4
days,
don’t
wait
too
long
to
secure
the
best
deal.

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