Bitcoin Price Prediction As JPMorgan Predicts Crypto Market Rebound In August And Investors Flock To This Learn-To-Earn Crypto With A 703% APY

The
Bitcoin
price
tumbled
almost
2%
in
the
last
24
hours
to
trade
for
$56,661
as
of
00:15
a.m.
EST
on
trading
volume
that
surged
12%
amid
ongoing
profit
booking.

The
BTC
fall
comes
despite
investment
bank
JPMorgan
saying
that
Bitcoin
and
the
broader
crypto
markets
are
set
to
rebound
next
month.

JUST
IN:
JP
Morgan
says

#Bitcoin
and
crypto
markets
to
rebound
in
August.

pic.twitter.com/HwnWoY0G8i

—
Radar????
(@RadarHits)

July
11,
2024

However,
bearish
sentiment
continues
to
prevail
in
the
BTC
market
amid
elevated
fear
levels.
According
to
the
Fear
and
Greed
Index,
the
market
is
exhibiting
extreme
fear
levels.

Bitcoin
Fear
and
Greed
Index
is
25
—
Fear
Current
price:
$57,345

pic.twitter.com/efreWqUJz4

—
Bitcoin
Fear
and
Greed
Index
(@BitcoinFear)

July
12,
2024

Meanwhile,
Rekt
Capital,
a
popular
analyst
account
on
X,
observes
that
the
Bitcoin
price
only
needs
to
move
an
extra
3.5%
north
to
position
itself
for
a
weekly
candle
close
above
$60,600
to
reclaim
the
range
low.

#BTC

Bitcoin
only
needs
to
rally
an
extra
+3.5%
to
the
upside
to
position
itself
for
a
Weekly
Candle
Close
above
$60600
to
reclaim
the
Range
Low

Bitcoin
needs
to
reclaim
this
Re-Accumulation
Range$BTC

#Crypto

#Bitcoin

pic.twitter.com/B8gwvCAyfd

—
Rekt
Capital
(@rektcapital)

July
11,
2024

Another
analyst,
Arsen,
says
the
Bitcoin
price
could
rebound
to
$330,000
in
the
current
bull
cycle.
He
ascribes
this
forecast
to
smart
money,
which
is
comprised
of
institutional
investors,
market
experts,
and
other
financial
professionals
who
have
accumulated
BTC
during
the
recent
dip.

While
you’re
being
scared,
smart
money
is
doubling
down.

That’s
because
this
dip
is
nothing
new.

As
you
can
see,
Bitcoin
goes
to
a
new
all-time-high
every
4
years:

2012:
Bitcoin
goes
from
$12
to
$1000
=
~9,000%
increase
2016:
Bitcoin
goes
from
$650
to
$19K
=
~3,000%
increase…

pic.twitter.com/gxHsEwzLBs

—
Arsen
|
Bitcoin
Therapy
????
(@satoshibaggins)

July
10,
2024

Bitcoin
Price
Prediction

The
Bitcoin
price
is
trading
with
a
bearish
bias
recording
lower
highs
as
it
remains
confined
within
a
descending
parallel
channel.
Chances
of
a
further
downside
are
high
as
the
Relative
Strength
Index
(RSI)
continues
to
break
down
with
higher
lows.

Similarly,
the
Moving
Average
Convergence
Divergence
(MACD)
is
in
negative
territory
and
has
crossed
below
the
signal
line
(orange
band),
suggesting
a
prevailing
bearish
sentiment.

With
this
outlook,
the
Bitcoin
price
could
drop,
slipping
below
the
centerline
of
the
channel.
In
a
dire
case,
the
pioneer
cryptocurrency
could
extend
the
fall
to
the
support
confluence
between
the
bottom
of
the
market
range
and
the
lower
boundary
of
the
channel
at
$53,108.

The
spikes
of
the
volume
profile
accentuate
the
bearish
thesis,
pointing
to
a
frothing
selling
appetite
in
the
BTC
market.

GeckoTerminal:
BTC/USD
4-hour
chart

On
the
other
hand,
if
the
bulls
seize
the
opportunity
to
recover
the
market,
the
Bitcoin
price
could
recover.
Nevertheless,
only
a
candlestick
close
above
the
50%
Fibonacci
placeholder
of
$62,479
would
render
BTC
attractive
to
buy.

More
importantly,
the
bearish
thesis
will
only
be
invalidated
after
the
Bitcoin
price
breaks
and
closes
above
the
$71,850
level.
This
threshold
was
last
tested
on
June
7.

Meanwhile,
investors
are
flocking
to
99Bitcoins
(99BTC),
the
latest
Bitcoin
derivative
token
that
crypto
YouTuber
Today
Trader
says
has
”huge
potential.”

Promising
Alternative
To
Bitcoin

99Bitcoins is
a
project
designed
to
reward
individuals
for
learning
about
cryptocurrency.
To
this
end,
this
long-established
educational
platform
has
pioneered
a
new
Learn-to-Earn
(L2E)
rewards
model,
integrating
with
BRC-20
to
pioneer
the
L2E
model
on
the
Bitcoin
blockchain.

The
project
boasts
the
best-in-class
educational
resources
and
visual
learning
courses
for
crypto
beginners.
And
it
incentivizes
learning
through
a
unique
mix
of
gamification
and
a
leaderboard
reward
system.
With
this,
users
feel
like
their
learning
is
producing
tangible
benefits.

$99BTC
also
enables
token
holders
to
earn
passive
income
via
a
staking
yield
of
703%
annually.
So
far,
upwards
of
1.549
billion
99BTC
tokens
have
been
staked.

Presale
sales
have
passed
the
$2.393
million
mark.

????
Milestone
alert!
????

We
have
now
raised
over
$2.3
MILLION
in
our
$99BTC
presale!
????

Don’t
miss
your
chance
to
get
in
early.
????

Join
the

#Presale
now!
????

https://t.co/NXD7DAaUfZ#99Bitcoins

#BTC

#Crypto

#L2E

pic.twitter.com/mA1rKiGuE8

—
99Bitcoins
(@99BitcoinsHQ)

July
5,
2024

Investors
can
buy
the
99BTC
token
for
$0.00113.
With
a
price
hike
coming
in
about
four
days,
interested
investors
should
buy
before
then
to
secure
the
best
deal.

Visit
and
buy
99Bitcoins
here.

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