Bitcoin Price Prediction: As BTC ETFs Buy $137 Million Worth Of Bitcoin, Investors Flock To This Learn-To-Earn Token And Its 705% APY

The
Bitcoin
price
rose
2%
in
the
last
24
hours


to
trade
at
$57,291

as
of
00:53
a.m.
EST
on
trading
volume
that
surged
39%
to
$35.5
billion.

This
comes
after
nine
spot
Bitcoin
spot
ETFs
(exchange-traded
funds)
increased
their
holdings
by
2,394
BTC
worth
$137
million
on
July
8.
Fidelity
was
the
biggest
buyer
after
a
purchase
of
$2,077
BTC
worth
about
$118
million.
Fidelity
now
holds
170,764
BTC,
worth
approximately
$9.7
billion.

July
8
Update:

9
ETFs
added
2,394

$BTC(+$135M).#Fidelity
added
2,077

$BTC(+$177M)
and
currently
holds
170,764

$BTC($9.2B).#Grayscale
decreased
475

$BTC(-$26.8M)
and
currently
holds
274,249

$BTC($15.46B).https://t.co/breOMb5Wu0

pic.twitter.com/nf36XMvgk8

—
Lookonchain
(@lookonchain)

July
8,
2024

On
the
other
hand,
Grayscale
Bitcoin
Trust
reduced
its
holdings
by
475
BTC,
but
still
holds
274,249
BTC
worth
about
$15.7
billion.

Bitcoin
Price
Set
For
A
Surge
Over
The
Falling
Channel

The
Bitcoin
price
has
been
on
a
downtrend
since
June
after
the
bears
capitalized
on
the
death
cross
at
$68,880,
data
from


GeckoTerminal

shows.
However,
the
bulls
seem
to
have
found
support
at
$54,000,
with
the
price
rebounding
to
trade
within
the
falling
channel
pattern.

BTC
price
bulls
are
looking
to
push
the
token
above
the
channel,
having
retried
the
upper
boundary
of
the
channel.

The
price
of
Bitcoin
still
trades
below
the
200-day
Simple
Moving
Average
(SMA),
which
coincides
with
the
price
retracing
below
the
$63,864
resistance
zone.
However,
BTC
is
trading
slightly
above
the
50-day
SMA,
which
is
a
confirmation
that
the
price
may
be
on
a
rally
in
the
short
term.

Moreover,
the
Relative
Strength
Index
(RSI)
shows
buyers’
action,
rebounding
from
below
the
50-midline
level
to
58
currently.

The
Moving
Average
Convergence
Divergence
(MACD)
also
offers
optimistic
investors
some
bullish
prospects,
with
the
MACD
line
(blue)
crossing
above
the
signal
line
(green),
forming
a
bullish
crossover.
The
green
bars
on
the
histogram
are
also
beginning
to
form
over
the
neutral
line,
which
shows
that
BTC
is
currently
on
a
positive
momentum.

Bitcoin
Price
Prediction

According
to
Bitcoin’s
price
analysis
on
the
1-hour
chart,
BTC
bulls
are
capitalizing
on
the
falling
channel
pattern
to
stage
a
bullish
rally
above
the
$59,191
resistance
level
(200-day
SMA).

As
the
RSI
and
MACD
encourage
investors
to
add
to
their
positions,
the
price
of
BTC
could
rally,
retesting
the
$63,864
resistance,
as
the
bulls
target
$68,880.

However,
with
the
200-day
SMA
still
trading
below
the
50-day
SMA,
it
may
be
an
indication
that
the
price
is
still
moving
down.
In
such
a
scenario,
BTC
could
retrace
slightly
to
the
$53,192
level,
which
acts
as
a
cushion
against
downward
pressure.

As
the
BTC
bulls
look
for
signals
to
add
to
their
positions,
some
investors
are
buying
into
the


99Bitcoins
(99BTC)

presale,
which
has
amassed
over
$2.3
million
in
funds.

99Bitcoins
Presale
Hurtles
Past
$2.3
Million
–
Best
Crypto
To
Buy
Now?

99Bitcoins
is
an
educational
platform
that
has
over
700,000
subscribers
on
its
YouTube
channel
and
more
than
2
million
people
registered
for
the
website’s
courses.

The
project
is
set
to
enhance
the
learning
experience
by
gamifying
Bitcoin
education,
with
users
being
able
to
complete
challenges
and
lessons
to
earn
higher
rankings
and
$99BTC
as
rewards.

What
is
Spatial
Computing?
Discover
how

#Blockchain
is
transforming
AR/VR,
making
immersive
digital
worlds
more
interactive
and
secure.

Dive
deeper:

https://t.co/2hlZYRFHBv#99BTC

#SpatialComputing

#Web3

—
99Bitcoins
(@99BitcoinsHQ)

April
8,
2024

99Bitcoins
aims
to
compete
with
and
surpass
other
education
coins
like
OpenCampus
(EDU),
which
has
a
market
cap
of
$216
million,
and
TokenFi
(TOKEN),
which
stands
at
$64
million.

The
token
also
merges
with
BRC-20,
which
allows
the
building
of
dApps
on
the
Bitcoin
network.

Buy
And
Stake
For
705%
Annual
Rewards

Token
holders
can
earn
passively
by


buying
and
staking
$99BTC

for
an
impressive
705%
annual
percentage
yield
(APY).

Jacob
Bury,
a
prominent
crypto
YouTuber,
believes
that
$99BTC
could
potentially
turn
$1k
to
$10K
after
launch.

You
can
buy
99BTC
now
for
$0.00112.
But
with
a
price
hike
coming
in
less
than
hour,
hurry
to
buy
now
to
lock
in
the
best
deal.

To
join
the
presale,


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

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