Bitcoin Price Prediction: Trump-Backed Strive Seeks Approval for Bitcoin Bond ETF As Traders Flock This V2E Crypto Before Its Launch

The
Bitcoin
price
dropped
over
2%
in
the
last
24
hours
to
trade
at
$96,059
as
of
02:12
a.m.
EST
on
trading
volume
that
surged
24%
to
$47
billion.

This
comes
as
Strive,
an
asset
manager
founded
by
Vivek
Ramaswamy,
has
asked
United
States
regulators
for
permission
to
list
an
exchange-traded
fund
(ETF)
investing
in
convertible
bonds
issued
by
MicroStrategy
and
other
corporate
Bitcoin
buyers.

The
Strive
Bitcoin
Bond
ETF
will
be
actively
managed
and
will
gain
exposure
to
“Bitcoin
Bonds”
either
directly
or
through
financial
derivatives,
such
as
swaps
and
options.

Strive
files
for
“Bitcoin
Bond”
ETF…

Would
seek
exposure
to
convertible
securities
issued
by
MicroStrategy.

pic.twitter.com/ybJjbVFWUN

—
Nate
Geraci
(@NateGeraci)

December
26,
2024

Ramaswamy
has
been
an
outspoken
ally
of
President-elect
Donald
Trump.
He
founded
Strive
in
2022
to
help
investors
harness
the
power
of
capitalism.

Industry
analysts
see
Trump’s
presidential
win
as
a
green
light
for
more
than
half
a
dozen
proposed
crypto
ETFs
waiting
for
regulatory
approval
to
list
in
the
US.

Bitcoin
Price
Aims
For
A
Rebound

The
Bitcoin
price
on
the
daily
chart
shows
a
clear
uptrend
after
a
prolonged
sideways
consolidation
during
the
summer
months.
The
price
action
has
formed
a
well-defined
rising
channel
pattern
in
November
and
December. 

This
channel
reflects
a
bullish
structure
with
higher
highs
and
higher
lows
after
hitting
the
$108,135
all-time
high
(ATH).

Recently,

the
Bitcoin
price


tested
the
lower
boundary
of
the
channel,
near
$95,000,
which
coincides
with
the
50-day
Simple
Moving
Average
(SMA),
a
critical
support
level.

While
the
price
briefly
dipped
below
this
line,
it
has
quickly
recovered
to
trade
just
above
$96,000,
indicating
a
potential
bounce
within
the
channel,
according
to
data
from


GeckoTerminal.

The
200-day
Simple
Moving
Average
(SMA)
is
sitting
at
$70,925.
This
is
a
long-term
support
level,
which
remains
well
below
the
current
price.
The
large
gap
between
the
two
SMAs
confirms
the
strong
bullish
momentum.

Moreover,
the
Relative
Strength
Index
(RSI)
is
at
47.60,
indicating
a
neutral
to
slightly
bearish
sentiment.
It
is
neither
in
the
overbought
zone
(above
70)
nor
the
oversold
zone
(below
30).

This
neutral
reading
suggests
the
market
is
consolidating
and
could
go
either
way,
depending
on
whether
the
price
breaks
out
of
or
continues
trading
within
the
channel.

Bitcoin
Price
Prediction

If
the
Bitcoin
price
holds
above
the
50-day
SMA
and
the
lower
boundary
of
the
ascending
channel
near
$95,000,
it
is
likely
to
resume
its
upward
movement.
The
next
key
resistance
is
near
$100,000,
the
channel’s
upper
boundary,
which
aligns
with
a
psychological
level.
A
break
above
this
mark
could
trigger
a
rapid
move
toward
$110,000.

Conversely,
BTC
could
test
lower
levels
if
the
price
fails
to
sustain
above
the
$95,000
support.
In
a
worst-case
scenario,
the
immediate
downside
target
would
be
around
$90,000,
followed
by
the
200-day
SMA
near
$70,925.

As
the
Bitcoin
price
aims
for
a
rebound,
some
investors
are
turning
to
presale
meme
coins
like
the
newly
launched


Flockerz
(FLOCK).
According
to
99Bitcoins,
a
popular
crypto
channel
on
YouTube
with
over
706K
subscribers,
FLOCK
has
the
potential
to
soar
100X
after
its
launch.

Flockerz
Raises
Over
$7.9
Million—Last
Chance
To
Buy
Before
Its
Launch

Flockerz
has
reached
a
significant
milestone
by
raising
$7.9
million
in
its
presale,
making
a
strong
case
for
being
a
top
meme
coin.
The
project
stands
out
from
typical
meme
coins
with
its
FlockTopia
DAO.

The
key
innovation
is
that
FLOCK
holders
can
earn
more
tokens
by
voting
on
important
decisions.
Here’s
how
it
works:
when
someone
acquires
FLOCK,
they
automatically
join
FlockTopia.

They
can
vote
on
things
like
marketing
strategies
and
token
burns,
and
the
smart
contracts
reward
participants
with
extra
tokens.

Anyone
fancy
a
quick
dip?
????????‍♀️

They
are
practicing
for
the
Flocklympics
diving
competition.
I’m
smelling
gold
this
year!
????????????

pic.twitter.com/Yo37QMeTD9

—
Flockerz
(@FlockerzToken)

December
24,
2024

Apart
from
V2E
rewards,
users
can
earn
passively
through
the
platform’s
staking
mechanism,
which
offers
a
sky-high
annual
yield
of
345%.

Investors
interested
in
joining
the
presale
can
visit
the
official
Flockerz
website
to
buy
FLOCK
tokens
at
$0.00653
each
using
BNB,
ETH,
or
USDT.

You
can
also
make
a
purchase
using
your
bank
card.
Buy
before
the
token
launches
in
about
26
days.

Buy
FLOCK
here.

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