Bitcoin Price Prediction: As Hong Kong Bitcoin ETF approval approaches, traders turn to BTC’s top profit-making platform for explosive potential gains.

bitcoin price jumped up It has risen more than 4% in the past 24 hours as investors rush to buy BTC ahead of the halving event, trading at $70,770.59 as of 8:45 a.m. ET.

Investors can also rush to secure BTC before spot Bitcoin ETFs (Exchange Traded Funds) are approved in Hong Kong. Approval expected at the end of this month.

Bloomberg reports that the international arm of China’s Harvest Fund Management Co. is likely to be the first company to gain regulatory approval.

Bitcoin price is rejected by resistance.

BTC/USDT 4-hour chart (Source: TradingView)

that much bitcoin The price was rejected by the resistance level at $71,047.20 in the last 12 hours, which resulted in the market leader hitting lower highs and forming a descending trendline. Sellers are still putting pressure on the major cryptocurrency, which is evident from the wick present above the latest 4-hour candle.

If the downtrend continues to put pressure on the Bitcoin price, there is a risk of it falling towards the immediate support level of $68,857.98 in the next 24 hours. If BTC reaches this support level, continued selling could push the cryptocurrency price down to $67,482.14 in the near term.

A close of the four-hour candle above $71,047.20 could invalidate the bearish argument. In this alternative scenario, a trader can take a long position. BTCThis could lead to a subsequent barrier of $72,771.91.

Bulls and Bears Fighting for Control of Bitcoin Price

Technical indicators on the BTC 4-hour chart are currently sending mixed signals. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are on the verge of triggering contradictory technical flags.

On the one hand, BTC is attempting to end its negative trend and enter a new bullish cycle. This can be seen by the MACD line attempting to cross above the MACD signal line. Meanwhile, RSI is falling towards the simple moving average (SMA) line on the 4-hour chart. While RSI being above the SMA is a sign that buyers have an advantage over sellers, a narrowing gap between the two lines suggests that bears could soon usurp the advantage.

It’s not over yet for the bulls. With the halving about a week away, traders can start accumulating before it becomes increasingly difficult to secure a market lead. This could result in a wave of buying pressure that would push Bitcoin prices higher in the future.

After the halving, investors are likely to flock to any opportunity to convert to tokens that are Bitcoin derivatives while also receiving free cryptocurrency.

99BitcoinWith its learning-by-earnings initiative, it could become one of the key projects the cryptocurrency community will keep an eye on.

A win-win situation for the cryptocurrency community

99Bitcoins has established itself as one of the most popular websites and blogs associated with market leaders. More than 700,000 people have subscribed to our YouTube channel, and more than 2 million have enrolled in our website courses.

Since launching in 2013, 99Bitcoins has been able to break down the complex technical aspects of Bitcoin into layman’s terms.

What is Spatial Computing? Find out how #blockchain We are transforming AR/VR, making immersive digital worlds more interactive and secure.

Learn more: https://t.co/2hlZYRFHBv#99BTC #spatial computing #web3

— 99Bitcoins (@99BitcoinsHQ) April 8, 2024

In 2014, the website expanded its services by adding tutorials for cryptocurrencies other than Bitcoin. Now, the website team is looking to become a pioneer in the early monetized learning space with the launch of 99BTC tokens.

Along with your token, you will receive a comprehensive course curriculum to suit all types of learning styles. Beginners and cryptocurrency veterans alike will have the opportunity to brush up on their cryptocurrency knowledge while earning 99 BTC tokens in the process.

Holders will have access to exclusive content and platform rewards.

Anyone who holds 99BTC will have access to the project’s staking rewards, as well as unlock additional trading courses, exclusive trading webinars, and access to the Vip community group that provides trading signals and strategies.

Additionally, holders can use their 99BTC tokens to receive discounts on partner products and have exclusive access to premium content.

with #Bitcoin halving We’re just 9 days away from the event and speculation is growing. $BTCStock prices soar after halving? 🙌

Take a closer look at our analysis of the impact this pivotal supply shock could have on prices.

Read more: https://t.co/zTA3n26nDl#99Bitcoin #bisector #bull market

— 99Bitcoins (@99BitcoinsHQ) April 11, 2024

Investors are flocking to the project’s pre-sales, pouring in more than $131,000 during the first day. Given that token prices are set to increase in the subsequent stages of the pre-sale, anyone looking to get involved in cryptocurrency at this early stage may want to hurry.

99BTC selling for $0.001 can be purchased using ETH, USDT, BNB or bank cards.

Investors can unlock access to premium content and additional courses by purchasing 99BTC here.

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