Bitcoin Price Prediction: The Flash Crypto Crash Sees BTC Plunge Almost 5%, But The $99BTC Learn-2-Earn Crypto ICO Hurtles Towards $1M

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The
Bitcoin
price
plunged
almost
5%
in
the
last
24
hours



to
trade
at
$67,187


as
of
11:11
p.m.
EST
on
trading
volume
that
surged
57%
to
$47
billion.


The
crash
coincided
with
a
drop
in
the
U.S.
stock
market
trading
session
after
data
indicated
that
inflation
had
accelerated
for
a
third
consecutive
month.
Analysts
said
stubborn


inflationary
pressures,
geopolitical
tensions,
and
the
Fed’s
quantitative
tightening
efforts
threaten
an
otherwise
positive
economic
outlook.


Bitcoin
Price
Set
For
A
Trend
Reversal

Bitcoin Price Chart Analysis Source: Tradingview.com

BTCUSD
Chart
Analysis
Source:
Tradingview.com


The
Bitcoin
price
is
trading
within
the
lower
boundary
of
the
symmetrical
triangle
pattern.
It
shows
high
potential
for
trend
reversal,
as
it
experienced
a
crash
from
the
upper
boundary.


BTC
is
trending
over
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
a
confirmation
that
Bitcoin’s
price
will
sustain
its
uptrend.
Moreover,
the
50-day
crosses
above
the
200-day
SMA,
forming
a
golden
cross
around
$30,000
on
the
1-day
chart,
indicating
that
BTC
could
be
on
an
uptrend
for
the
long
term.


The
Relative
Strength
Index
(RSI)
trades
slightly
below
the
50-midline
level
as
it
heads
north.
A
sustained
bullish
stance
could
see
the
RSI
cross
above
the
equilibrium
level
to
the
70-overbought
region,
indicating
intense
buying
pressure.


Bitcoin
Price
Prediction

Bulls
Aiming
For
New
Highs
Above
$80,000


The
Bitcoin
price
analysis
on
the
1-day
chart
shows
a
bullish
bias
as
the
price
bulls
aim
to
stage
a
breakout
over
the
lower
boundary
of
the
symmetrical
triangle,
aiming
to
rally
BTC
to
the
upper
boundary.


Additionally,
the
golden
cross
and
the
RSI
provide
bullish
sentiments
aimed
at
pushing
the
price
over
the
$80,000
mark,
registering
new
all-time
highs
(ATHs).


However,
as
the
BTC
price
bulls
aim
for
a
reversal,
some
investors
are
diversifying
their
portfolios
with
99Bitcoins,
a
new
presale
that
aims
to
offer
education
about
Bitcoin
and
other
cryptocurrencies
while
incentivising
learning.


99Bitcoins:
Next
BRC-20
Project
To
Explode?



99Bitcoins
(99BTC)
,
a
leading
crypto
education
platform
known
for
simplifying
the
complexities
of
all
things
crypto,
has
ventured
into
the
blockchain
arena
with
its
new
learn-to-earn
platform
featuring
its
native
token,
$99BTC.


The
99Bitcoins
YouTube
channel
has
over
700,000
subscribers,
with
more
than
2
million
people
registered
for
the
website’s
courses.
Venturing
into
the
ICO
launch
aims
to
transition
the
website
to
Web3
through
the
$99BTC
token,
which
promises
an
engaging
earn-as-you-learn
experience
for
website
users.


The
99BTC
token
will
start
as
an
ERC-20
asset
and
then
bridge
to
BRC-20.
It
has
raised
over
$218K
in
its
presale
in
less
than
three
days,
showcasing
investors’
interest
in
this
decentralized
crypto
education
platform.


The
launch
of
the
99Bitcoins
token
is
strategically
timed
ahead
of
the
Bitcoin
halving,
aiming
to
capitalize
on
the
hype
around
the
event
and
positioning
for
what
history
shows
is
a
very
likely
post-halving
rally.


You
can
also
earn
passively
by



staking
$99BTC


for
an
impressive
13,453%
annual
percentage
yield
(APY).


The
99Bitcoins
YouTube
channel
itself
believes
that
$99BTC
has
the
potential
to
soar
10X
after
launch.


$99BTC
tokens
are
priced
at
$0.001
each
right
now,
but
there
will
be
a
price
hike
in
three
days.


To
participate
in
the
presale,



buy
$99BTC
from
the
official
website
here
.
You
can
use
ETH,
USDT,
or
a
bank
card
to
make
a
purchase.


Related
News

99Bitcoins
(99BTC)

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