Bitcoin Price Prediction As BTC Flirts With 70K And The 99BTC Learn-To-Earn ICO Closes On $2 Million

The
Bitcoin
price
is
up
a
fraction
in
the
past
24
hours
to
trade
for
$69,316
as
of
03:32
a.m.
EST
on
trading
volume
that
surged
26%.

The
BTC
price
continues
to
flirt
with
the
$70,000
psychological
level
amid
multiple
bullish
fundamentals,
starting
with
Australia’s
first
BTC
ETF
(exchange-traded
fund)
hitting
markets
on
Tuesday,
June
4.

Australia’s
first
spot
Bitcoin
ETF,
the
Monochrome
Bitcoin
ETF,
debuts
on
the
CBOE
Australia
exchange
today.

BREAKING:
????????
Australia’s
first

#Bitcoin
ETF
to
start
trading
tomorrow.

pic.twitter.com/79EyJyHCqV

—
Bitcoin
Archive
(@BTC_Archive)

June
3,
2024

Banking
woes
in
the
US
are
also
bullish
for
Bitcoin
with
the
FDIC
warning
that
63
Lenders
are
on
the
brink
of
insolvency
as
banks
sit
on
$517
billion
in
unrealized
losses.

BREAKING
????:
U.S.
Banking
System

FDIC
warns
that
63
Lenders
are
on
the
brink
of
insolvency
due
to
banks
sitting
on
$517
billion
in
unrealized
losses

pic.twitter.com/creciUQo7k

—
Barchart
(@Barchart)

June
4,
2024

Increased
financial
instability
causes
investors
to
seek
safe-haven
assets
like
Bitcoin
as
a
hedge
against
potential
economic
downturns.
This
has
the
potential
to
drive
up
demand
for
BTC
and
potentially
increase
the
Bitcoin
price.

The
open
interest
for
the
Bitcoin
price,
constituting
the
sum
of
all
open
long
and
short
positions,
has
increased
by
over
$1.3
billion
across
exchanges.

#Bitcoin
That’s
some
massive
stack
of
orders
sitting
between
$64-69K.

Well
over
$900M
worth
and
that’s
just
Binance
alone.

Open
Interest
also
increased
by
$1.3B+
this
day
on
all
exchanges
combined.

More
volatility
ahead
????

pic.twitter.com/OxsIELf369

—
Daan
Crypto
Trades
(@DaanCrypto)

June
3,
2024

Meanwhile,
trader
and
analyst
@CryptoTony_
on
X
says
the
upside
potential
for
the
Bitcoin
price
is
contingent
on
the
$67,300
threshold
holding.

$BTC
/

$USD
–
Update

Once
again,
same
update,
$67,300
needs
to
hold
for
healthy
continuation
from
the
bulls

pic.twitter.com/gj6JoGPUme

—
Crypto
Tony
(@CryptoTony__)

June
4,
2024

Bitcoin
Price
Prediction

The
Bitcoin
price
is
trading
with
a
bullish
bias
on
the
one-day
timeframe
and
higher
timeframes
as
well.
It
is
consolidating
within
the
confines
of
an
ascending
parallel
channel,
which
promises
more
gains
provided
the
bulls
hold
it
within
these
confines.

Notably,
the
position
of
the
Bitcoin
price
above
the
50%
Fibonacci
placeholder
of
$65,120
is
a
bullish
sign,
reinforced
by
the
Relative
Strength
Index
(RSI)
position
well
above
the
50
threshold.

If
the
bulls
manage
a
decisive
move
above
the
centerline
of
the
ascending
parallel
channel,
effectively
overcoming
resistance
due
to
the
23.6%
Fibonacci
retracement
level
of
$69,581,
sidelined
and
skeptical
bulls
would
be
encouraged
to
come
in.
The
ensuing
buying
pressure
could
see
the
Bitcoin
price
extend
the
climb.

The
highly
bullish
case
could
see
the
Bitcoin
price
reclaim
the
$73,570
peak,
levels
last
tested
on
March
13.

GeckoTerminal:
BTC/USD
1-day
chart

On
the
flipside,
if
seller
momentum
increases,
the
Bitcoin
price
could
drop
below
the
lower
trendline
of
the
ascending
parallel
channel.
A
break
and
close
below
the
38.2%
Fibonacci
retracement
level
of
$67,114
would
confirm
the
fall
over
the
cliff.

Nevertheless,
the
bullish
outlook
would
only
be
invalidated
after
the
Bitcoin
price
records
a
candlestick
close
below
$65,120
on
the
one
day
timeframe.

Meanwhile,
investors
are
flocking
to
99BTC,
a
Learn-to-Earn
crypto
ICO
that
YouTuber
TodayTrader
says
has
”huge
potential.”

Promising
Alternative
To
Bitcoin

99Bitcoins is
a
long-established
educational
platform
that
is
pioneering
a
new
Learn-to-Earn
rewards
model.

Boasting
best-in-class
educational
resources
and
visual
learning
courses
for
crypto
beginners,
this
project
has
earned
a
place
among
the
most
trusted
names
in
crypto
circles.

The
project
traces
back
to
2013.
Starting
out
as
BitcoinWithPayPal.com,
what
was
once
a
simple
domain
has
since
transcended
to
a
true
Web2
fashion.
Transitioning
to
Web3
with
its
$99BTC
token,
99Bitcoins
promises
a
groundbreaking
earn-as-you-learn
experience
for
users
of
the
website.

Since
2014,
$99BTC
has
been
at
the
forefront
of

#Crypto
education.????

????
Experienced
Guidance:
Decades
of
combined
knowledge.

⚡
Wide
Range:
Covers
multiple

#Cryptocurrencies.

????

#LearnToEarn:
Reap
rewards
while
you
learn!

Get
started:

https://t.co/NXD7DAamqr#Bitcoin

$BTC

pic.twitter.com/lJjLgkgVI2

—
99Bitcoins
(@99BitcoinsHQ)

May
5,
2024

99Bitcoins
incentivizes
learning
through
a
unique
mix
of
gamification
and
a
leaderboard
reward
system.
This
ensures
users
feel
like
their
learning
is
producing
tangible
benefits.
Put
simply,
you
earn
crypto
while
learning
about
crypto.

You
can
also
stake
your
99BTC
holdings
for
an
868%
annual
yield.
So
far,
upwards
of
1.2
billion
tokens
have
been
staked.

Short
on
time?
Simply
stake
your
$99BTC
tokens
on
our
website
and
earn
passive
rewards
effortlessly!

Join
now!
????

https://t.co/nA4Lw89WA0#99Bitcoins

#Crypto

#Presale

#Alts

pic.twitter.com/av0mkMvIbR

—
99Bitcoins
(@99BitcoinsHQ)

April
19,
2024

Presale
sales
have
already
soared
past
$1.9
million
with
99BTC
tokens
currently
priced
at
$0.00108.
This
price
will
change
in
less
than
seven
days
so
don’t
delay
too
long
to
buy
if
you
want
to
lock
in
the
best
deal.

Visit
and
buy
99Bitcoins
here.

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