Bitcoin Price Analysis As Donald Trump Wishes Bitcoin Happy 16th Birthday And Traders Eye This Meme Coin ICO With 1,397% Staking APY

The
Bitcoin
price
has
plunged
3.1%
in
the
last
24
hours

to
trade
at
$69,957
as
of
7:20
a.m.
EST
on
a
54%
surge
in
trading
volume
to
$53
billion.

The
BTC
price
drop
comes
as
former
President
Donald
Trump
voiced
his
support
for
the
crypto
industry
and
wished
Bitcoiners
a
happy
16th
anniversary.

I
would
like
to
wish
our
great
Bitcoiners
a
Happy
16th
Anniversary
of
Satoshi’s
White
Paper.
We
will
end
Kamala’s
war
on
crypto,
&
Bitcoin
will
be
MADE
IN
THE
USA!
VOTE
TRUMP!

#Bitcoin

#FreeRossDayOne

—
Donald
J.
Trump
(@realDonaldTrump)

October
31,
2024

Trump’s
message,
shared
on
X,
included
a
pledge
to
end
what
he
described
as
“Kamala’s
war
on
crypto,”
and
he
expressed
a
goal
to
support
Bitcoin’s
growth
in
the
US.

Bitcoin
Price
Signals
More
Upside
Ahead

The
Bitcoin
(BTCUSDT)
price
action
in
the
one-day
timeframe
reveals
several
technical
indicators
suggesting
a
bullish
outlook.
From
July
to
early
September,
an
inverted
head-and-shoulders
pattern,
generally
considered
a
bullish
reversal
pattern,
was
visible.

The
completion
of
this
pattern,
marked
by
the
left
shoulder,
head,
and
right
shoulder,
triggered
a
strong
upward
move
after
BTC
broke
above
the
neckline,
signalling
a
shift
from
a
prior
downtrend
to
an
uptrend.

Additionally,
the
chart
shows
a
golden
crossover
of
the
50-day
moving
average
above
the
200-day
moving
average.
This
crossover
is
traditionally
viewed
as
a
bullish
signal,
as
it
indicates
a
shift
in
momentum
towards
the
upside.
The
Golden
Cross
likely
confirmed
the
bullish
trend
initiated
by
the
inverted
head-and-shoulders
breakout,
strengthening
the
case
for
further
gains.

BTCUSDT
Analysis
Source:
Tradingview

The
support
level
around
the
breakout
area
is
just
above
the
200-day
moving
average.
This
level
has
served
as
a
foundation
for
BTC,
helping
to
sustain
its
upward
movement
and
prevent
a
deeper
pullback.
If
BTC
corrects
lower,
this
support
could
act
as
a
strong
floor,
offering
stability
for
a
potential
rebound.

The
dotted
line
indicates
a
projected
uptrend,
with
a
target
price
near
$80,000.
If
the
trend
continues
as
expected,
this
target
indicates
a
bullish
price
path.

Additionally,
the 
Relative
Strength
Index
(RSI)
currently
reads
around
60.77,
placing
the
Bitcoin
price
in
bullish
territory
without
being
overbought.
This
RSI
level
implies
that
BTC
still
has
room
to
advance
before
hitting
an
overbought
zone,
aligning
with
the
possibility
of
further
gains.

Bitcoin
Price
Could
Soar
More
Despite
The
Short
Pull
Back

Currently,
BTC
is
trading
around
$70,233.22,
slightly
below
a
recent
high.
This
indicates
a
period
of
consolidation
or
a
minor
pullback
after
a
strong
rally.
If
BTC
maintains
this
range
without
falling
below
the
identified
support
level,
this
consolidation
could
provide
support
for
the
next
bullish
leg.

Generally,
BTC
appears
set
for
continued
upward
momentum,
with
a
possible
target
of
around
$80,000
if
bullish
factors
persist.

If
the
support
fails,
a
deeper
correction
might
follow,
while
an
RSI
nearing
overbought
territory
could
signal
a
temporary
pullback.

Flockerz
Blasts
Past
$1.2
Million:
Next
Crypto
To
Explode?

As
Bitcoin
dumps,
so
vote-to-earn
(V2E)
meme
coin

Flockerz
(FLOCK)
continues
to
pump
in
presale
and
has
just
blasted
past
$1.2
million
in
funds
raised.

According
to
analyst
and
YouTuber
Crypto
Zeus,
with
over
79K
subscribers,
$FLOCK
“could
be
huge.”

Flockerz
aims
to
bring
true
decentralization
to
the
meme
coin
world
by
incentivizing
token
holders
to
participate
in
its
development.

That
means
that
project
investors
will
be
rewarded
with
FLOCK
tokens
simply
for
voting
on
the
project’s
key
decisions.
This
approach
is
designed
to
tackle
the
common
problem
of
voter
apathy
in
meme
coin
governance.

At
the
heart
of
the
project
is
Flocktopia,
a
decentralized
autonomous
organization
(DAO)
in
which
every
stakeholder’s
voice
matters.

No
need
to
manifest
when
the
flock’s
always
rising
together.

Upward
we
go,
stronger
side
by
side!
✅

pic.twitter.com/VMgTLufYFu

—
Flockerz
(@FlockerzToken)

October
31,
2024

Still,
right
now
one
of
the
key
attractions
of
the
token
is
its
extraordinary
staking
yield,
which
stands
at
an
astronomical
1,397%.

Each
$FLOCK
token
costs
$0.0059098
to
buy
and
can
be
purchased
using
$ETH,
$USDT,
$BNB,
or
a
credit
card.
Buy
quickly
to
secure
the
best
deal
before
the
price
increases
in
less
than
42
hours.

Buy
FLOCK
tokens
on
the
official
website
here.

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