Bitcoin Price Prediction As Kamala Harris Mulls Bitcoin 2024 In Nashville, Mt. Gox Transfers $2.47B BTC, And The 99BTC ICO Offers Last Chance To Buy

0
16

Join Our Telegram channel to stay up to date on breaking news coverage

The Bitcoin price is down 0.75% in the last 24 hours to trade for $65,963 as of 03:15 a.m. EST on trading volume that plunged 23%.

It comes ahead of one of the biggest annual events in crypto, the Bitcoin 2024 Conference, which is set to begin on Thursday, July 25, in Nashville, Tennessee. According to reports, US Vice President and de facto Democratic ticket nominee Kamala Harris may attend the conference.

David Bailey, CEO of Bitcoin Magazine and one of the organizers of The Bitcoin Conference, confirmed discussions with Harris about an appearance at Bitcoin 2024.

If she does speak, she will be joining Republican ticket nominee Donald Trump who is confirmed among the headline speakers at the event. There is speculation that Trump might announce plans to use BTC as a digital reserve in the US.

Elsewhere, defunct crypto exchange Mt.Gox is also making headlines after smart money on-chain tool Lookonchain revealed a $2.47 billion transaction on Wednesday morning, July 24.

This is amid ongoing repayments following its collapse 10 years ago when BTC was worth around $100. Creditors are also confirming receipts. Kraken is among the exchanges selected by the Trustee to facilitate the investigation and return of client funds.

These developments highlight the growing adoption of Bitcoin and crypto in general, a narrative that is taking center stage in US politics.

Meanwhile, a CoinGecko report says that the fourth Bitcoin halving did not have any notable impact on the Bitcoin price.

Bitcoin Price Prediction

The Bitcoin price is treading with a bullish bias despite the minor correction. It is consolidating within an ascending parallel channel. It has also escaped the Fibonacci Golden Zone but risks falling back into the bracket amid waning investor conviction.

If it slips below the 38.2% Fibonacci retracement level of $65,772, it could extend the fall. Nevertheless, the chart suggests a possible bounce, which means the aforementioned level could be a good entry for late bulls.

The chances of a bounce come as the Relative Strength Index (RSI) still holds above the mean level of 50. This, coupled with the bullish outlook in the Moving Average Convergence Divergence (MACD), increases the odds of a recovery.

Specifically, the MACD is in positive territory, holding well above the signal line (orange band). Its histograms are also flashing green, evidence of bullish sentiment in the market. Nevertheless, while a recovery seems imminent, the uptrend and possible new all-time high will only be confirmed upon a break and close above the supply zone between $71,113 and $72,747.

GeckoTerminal: BTC/USD 1-day chart

On the other hand, if the $65,772 level is breached, the Bitcoin price could fall. Subsequently, key levels to watch would be $63,369 and $60,965, with the latter being more critical as a breakdown would trigger panic selling.

For the big-picture bullish outlook to be invalidated, however, the Bitcoin price must break and close below the $54,000 threshold.

Meanwhile, as the Bitcoin price flatlines temporarily, prominent crypto YouTuber Jacob Bury says that the 99Bitcoins (99BTC) presale could potentially surge 10X after its launch.

Promising Alternative To Bitcoin

99Bitcoins is an educational platform with over 2 million registered users for its courses and more than 705K subscribers on its YouTube channel. Since its inception into the crypto space, 99Bitcoins has become a pillar of crypto education.

The introduction of its $99BTC token has fueled a groundbreaking learn-to-earn (L2E) model. 99Bitcons will gamify crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.

The project also merges with BRC-20, making it easier for developers to build apps on the Bitcoin Network.

Investors can also earn passively through the project’s staking model, which offers an impressive 684% annual percentage yield (APY).

The project has already amassed over $2.5 million in funds raised and is now offering a last chance to buy with the presale set to close on August 6.

The $99BTC token costs $0.00115. With the presale nearing its end, buy now to lock in the best deal.

Visit and buy 99Bitcoins tokens here.

Also Read:

99Bitcoins (99BTC) – New Learn To Earn Token

99Bitcoins
  • Audited By Solid Proof
  • Established Brand – Founded In 2013
  • Free Airdrop – Win A Share Of $99,999
  • Learn To Earn – Get Paid To Complete Trading Courses
  • 700,000+ YouTube Community

99Bitcoins


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

ads

RELATED ARTICLESMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here