Bitcoin Price Prediction: MicroStrategy Buys $458 Million More BTC as Experts Say This New ICO Could Be the Best Crypto to Buy Right Now

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Bitcoin price has increased by 0.001% over the last 24 hours. Traded at $62,916 As of 10:32 p.m. ET, trading volume was down 9% to $34 billion.

This comes after Michael Saylor’s MicroStrategy announced that it had purchased an additional $458 million worth of Bitcoin. The company confirmed that it now holds 252 BTC, having acquired the 7,420 BTC at an average cost of $39,266.

MicroStrategy acquired 7,420 BTC for ~$458.2 million per ~$61,750. #bitcoin And it has achieved BTC returns of 5.1% QTD and 17.8% YTD. As of September 19, 2024, it holds 252,220. $Bitcoin It was acquired for approximately $9.9 billion, or about $39,266 per bitcoin. $MSTR https://t.co/JUtgztpzBu
— Michael Saylor⚡️ (@Saylor) September 20, 2024

Bitcoin Price Is Showing Strength: Can It Keep Going Up?

According to data, Bitcoin price has been pushing higher by leveraging the cup and handle pattern and support at $58,000. Gecko Terminal.

BTC is currently trading above both the 50-day and 200-day simple moving averages (SMA), confirming a continued bullish trend.

Additionally, the Relative Strength Index (RSI) appears to be rebounding above the 60 level while surging towards the 70 overbought area, confirming that the asset is currently under strong buying pressure.

The continued positive trajectory is also supported by the Moving Average Convergence Divergence (MACD) indicator, which is soaring above the neutral zone.

If the positive trend continues, the Bitcoin price could soar even higher, with the BTC price rally targeting $67,000.

Bitcoin Price Chart Analysis Source: GeckoTerminal.com — BTCUSD Chart Analysis Source: GeckoTerminal.com

However, if the bears take advantage of this level, BTC could crash all the way to the 200-day SMA, which currently stands at $59,229.

Meanwhile, investors are flocking to a new meme coin casino project. Memebet Casino (MEMEBET Token)It has grossed over $260,000 since it went on pre-sale about a week ago.

Cryptonews, a popular cryptocurrency YouTube channel with over 10k subscribers, predicts that the $MEMEBET token could rise 100x after its launch.

Memebet token hits $260k in a week. What is the best cryptocurrency to buy right now?

Since its launch last week, Web3’s first meme coin casino has raised over $260,000 as whales snapped up the coin at a rock-bottom fixed price.

The project covers two fast-growing sectors, online casinos and meme coins, and targets particularly savvy gamers.

Not the casino we want, but the casino we need 🎰 #MemeBet #Pre-sale & #airdrop Coming soon! 🚀 #Mimecoin, #Cryptocurrency Games and more!🎮🏆 $Coin $dog $Pepe #brush #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024

By purchasing MEMEBET tokens, players will be able to receive massive P2E airdrop prizes, special digen rewards, and exclusive VIP benefits.

The Memebet token platform will allow Meme Coins to bet on casino games, slots, and sports betting after launch, a feature that was not previously available on the GambleFi platform.

The platform offers a variety of casino games, meme coin betting options, high stakes play, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other major meme coins.

Players who bet using $MEMEBET tokens will receive additional rewards through the platform. Play to Earning System.

To participate in the pre-sale, please do the following: Buy $MEMEBET tokens on the official website for $0.0252 Use USDT, ETH or your bank card. Buy quickly to secure the best deal as price increase is coming in 40 minutes.