Bitcoin Price Prediction: BTC Drops 1% As Mt.Gox Wallet Shifts More Than $7 Billion Bitcoin And Traders Turn To 99BTC For 1,001% Staking Rewards

The
Bitcoin
price
dropped
1%
in
the
last
24
hours


to
trade
at
$67,767

as
of
02:35
a.m.
EST
on
trading
volume
that
soared
60%
to
$29
billion.

This
decline
follows
the
movement
of
107,547
BTC,
worth
nearly
$7.3
billion
from
wallets
associated
with
the
collapsed
crypto
exchange
Mt.Gox.
This
activity
precedes
the
exchange’s
plans
to
return
BTC
holdings
to
creditors
before
October.

Mt.Gox
owes
over
$9.4
billion
to
127,000
creditors,
who
have
been
on
hold
for
more
than
ten
years
after
its
collapse
in
2014.

In
the
last
two
months,
the
Bitcoin
price
has
been
fluctuating
within
the
symmetrical
triangle,
as
the
bulls
aimed
to
push
the
price
above
the
upper
boundary
of
the
triangle,
data
from


GeckoTerminal

shows.

In
May,
BTC
was
able
to
breach
the
upper
boundary
of
the
triangle,
rising
to
the
$72,253
resistance.
After
the
news,
BTC
has
been
on
a
retrace
to
the
current
price,
touching
the
upper
boundary.

Bitcoin
Price
Set
For
A
Bullish
Rally
Over
The
Symmetrical
Triangle

The
Bitcoin
price
trades
well
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
an
indication
of
the
token’s
price
upward
potential.

Moreover,
the
Relative
Strength
Index
(RSI)
trades
above
the
50-midline
level,
currently
at
53
as
it
moves
up.
A
sustained
bullish
stance
could
push
the
RSI
over
to
the
70-overbought
region,
which
indicates
intense
buying
pressure.

The
Moving
Average
Convergence
Divergence
(MACD)
is
also
bullish,
as
the
blue
MACD
line
crosses
above
the
orange
signal
line.
Retail
investors
could
capitalize
on
the
bullish
crossover
to
add
to
their
buying
positions,
which
could
potentially
propel
BTC
to
new
highs.

The
green
bars
on
the
histogram
also
extend
above
the
neutral
line,
which
shows
that
BTC
is
moving
with
positive
momentum.

Bitcoin
Price
Prediction
–
BTC
Bulls
Aiming
For
$90,000

The
Bitcoin
price
long-term
analysis
shows
that
the
bulls
are
gearing
up
for
a
bullish
rally
over
the
symmetrical
triangle
as
they
target
$90,000.

The
main
indicators,
including
the
RSI
and
MACD,
signal
open
buying
positions
for
optimistic
investors,
which
could
prompt
a
bullish
rally.

However,
the
MACD
indicates
that
buyers
are
in
profits,
which
could
prompt
a
sell-off
by
the
bears.
If
the
bears
exert
pressure
at
this
level,
BTC
could
retrace
back
to
the
$60,900
support
level.

Meanwhile,
as
the
BTC
price
soars,
some
investors
are
also
buying
$99BTC,
which
has
already
raised
more
than
$1.6
million.

According
to
Jacob
Bury,
a
prominent
crypto
YouTuber,
$99BTC
has
the
potential
to
turn
a
$1K
investment
into
$10K
after
its
launch.

99Bitcoins
Presale
Surges
Past
$1.6
Million
In
Funding

Since
its
launch
in
2013,


99Bitcoins
(99BTC)

has
become
a
pillar
of
crypto
education.
At
first,
the
platform
was
focused
on
detailed
guides
for
trading,
wallets,
and
earning
crypto,
but
has
since
undergone
a
significant
transformation.

The
platform
has
over
2
million
registered
users
for
its
courses
and
more
than
700,000
subscribers
on
its
YouTube
channel.

With
the
introduction
of
its
$99BTC
token
ICO,
the
project
fuels
a
groundbreaking
learn-to-earn
(L2E)
model.
99Bitcoins
is
gamifying
crypto
education
by
allowing
users
to
tackle
challenges
and
complete
lessons
to
earn
higher
rankings
and
rewards
through
$99BTC
tokens.

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

The
project
also
integrates
with
BRC-20,
which
allows
the
building
of
dApps
on
the
Bitcoin
Network.

Introducing
$99BTC
on
BRC-20!
????

Since
2013,

#99Bitcoins
has
been
the
go-to
resource
for
learning
about

#Cryptocurrency.

We’re
launching
a
platform
that
enables
the
building
of

#dApps
on
top
of
the

#Bitcoin
network!????#LearnToEarn
rewards
users
on
the
Bitcoin
blockchain.????

—
99Bitcoins
(@99BitcoinsHQ)

April
30,
2024

But
many
token
holders
are
lured
to
the
project
by
its
staking
model,
which
offers
a
stunning 1,001%
annual
percentage
yield
(APY).

You
can
buy
99BTC
tokens
for
$0.00107
each.
With
a
price
hike
coming
in
less
than
seven
days,
buy
soon
to
lock
in
the
best
deal.

To
join
the
presale,


buy
$99BTC
from
the
official
website
here

using
ETH,
USDT,
or
a
bank
card.

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