Bitcoin Price Prediction As BTC ETF Inflows Surpass $18B, and This Could Be the Next Cryptocurrency to Explode

The
Bitcoin
price
dropped
2%
in
the
last
24
hours
to
trade
at

$62.7k
as
of
4.45
a.m.
EST
on
trading
volume
that
surged
43%
to
$28.08
billion.

Despite
the
current
price
drop,
Bitcoin
has
seen
some
positive
developments
recently.
According
to
reports,
spot
Bitcoin
ETFs
(exchange-traded
funds)
in
the
US
have
seen
increased
investor
confidence,
as
the
cumulative
net
inflows
hit
a
new
ATH.

Data
from
Farside
Investors
shows
that
Bitcoin

ETFs
saw
a
net
inflow
of
$202.6
million
yesterday.
This
pushes
the
total
net
inflows
in
these
investment
products
above
$18
billion.
Commenting
on
the
situation,
Bitget
Wallet’s
COO,
Alvin
Kan,
speculated
that
investors
are
likely
turning
to
more
stable
assets,
and
the
surge
in
spot
Bitcoin
ETF
investments
reflects
their
growing
confidence
in
BTC.

As
for

Bitcoin
itself,
the
coin
saw
a
major
price
surge
on
Aug.
23,
which
allowed
it
to
breach
the
resistance
at
$61K
and
climb
up
to
$64K.
Since
then,
the
ccrypto
traded
sideways
until
it
started
seeing
a
slight
drop
in
the
last
24
hours.

Bitcoin
Price
Prediction

Bitcoin’s
price
has
been
correcting
for
over
24
hours
now,
but
compared
to
its
surge
on
Aug.
23,
the
correction
has
not
been
nearly
as
sharp.
This
also
suggests
that
some
traders
have
decided
to
take
profit
after
the
coin
hit
$64K,
but
this
is
not
panic-selling
by
holders
looking
to
rapidly
get
rid
of
their
BTC.

Furthermore,
there
is
potential
for
BTC
to
bounce
back
up
in
the
near
future.
Its
Bollinger
Bands
on
the
30-minute
chart
have
narrowed
recently,
which
is
a
bearish
signal.
Its
price
is
also
sticking
to
the
lower
band,
which
confirms
that
there
is
still
some
bearish
sentiment
in
the
market.

However,
the
coin’s
Relative
Strength
Index
(RSI)
value
has
been
fluctuating
between
the
neutral
area
and
the
oversold
zone,
which
does
hint
at
a
possible
rally
in
the
near
future.
With
a
strong
positive
catalyst,
Bitcoin
could
easily
make
up
for
the
losses
seen
in
the
last
day
or
so,
and
return
to
the
resistance
at
$64K.

It
might
even
break
this
resistance
and
surge
further
up,
especially
since
some
experts
recently
speculated
that
the
coin
could
soon
shoot
up
to
$68K.
Its
current
RSI
value
certainly
shows
that
there
is
plenty
of
room
left
for
growth,
so
it
is
not
out
of
the
question
for
BTC
to
see
a
strong
surge
in
days
to
come.
Still,
its
recent
fluctuations
show
that
this
is
a
risky
period
for
the
leading
crypto,
so
traders
intending
to
buy
in
the
near
future
should
be
extremely
cautious.

Promising
Alternative
To
Bitcoin

With
Bitcoin
correcting
and
searching
for
its
new
bottom,
many
investors
are
looking
into
alternatives
that
do
not
carry
a
lot
of
risk.
One
option
available
today
can
be
found
in
Solana’s
ecosystem,
in
the
form
of
its
most
promising
new
GameFi
token

Mega
Dice
(DICE).

Mega
Dice
is
a
new,
upcoming
cryptocurrency
of
an
established
and
rather
popular
crypto
casino
that
is
also
known
as
Mega
Dice.
The
casino
has
been
allowing
its
customers
to
place
wagers
using
cryptocurrencies
for
years,
and
is
now
preparing
to
launch
its
own
native
token.
With
over
50,000
registered
users,
more
than
10K
monthly
active
users,
and
over
4,000
games
and
sports
to
bet
on,
this
is
one
of
the
most
popular
gaming
platforms
around
today.

What’s
more,
those
who
join
the
DICE
presale
and
become
Mega
Dice
holders
will
gain
access
to
some
unique
benefits.
They
will
be
entitled
to
daily
rewards
that
change
depending
on
the
casino’s
performance,
access
to
limited
edition
NFTs,
early
bird
bonuses
if
they
join
during
the
ICO,
and
even
high
referral
rewards.

Refer
&
Earn
with

$DICE!
????????

Exciting
news!
You
can
still
refer
users
to
the
Mega
Dice
presale
and
earn
a
generous
10%
commission
on
all
referral
purchases.
Here’s
a
simple
guide
on
how
to
get
started:

1.
Visit:

https://t.co/E5WFsXQhfQ.
2.
Connect:
Connect
your
wallet.
3.…

pic.twitter.com/6W2nDy85mE

—
Mega
Dice
Casino
(@megadice)

August
26,
2024

The
DICE
ICO
has
been
going
on
for
some
time
now,
and
it
is
currently
on
its
way
to
its
second
million.
So
far,
it
raised
$1.75
million,
and
is
only
$250K
away
from
the
next
big
milestone.
As
for
the
project’s
DICE
token,
it
currently
sells
for
only
$0.110529.
You
can
buy
it
using
either
SOL,
ETH,
or
BNB.

The
project
is
also
in
the
final
stages
of
its
$2.25
million
airdrop,
which
was
split
into
three
seasons.
Seasons
1
and
2
have
already
ended,
but
season
3
is
still
ongoing.
There
is
still
a
chance
for
you
to
join
and
win
the
money.
All
you
need
to
do
is
wager
$5K
or
more
in
a
21-day
period.
A
popular
crypto
YouTuber
by
the
name
of
TodayTrader
explained
everything
in
his
video,
including
how
to
qualify
for
the
DICE
airdrop.

Visit
DICE’s
official
website.

Related
Articles: