Bitcoin Price Prediction: BTC Rises 1% as Traders Turn to 99BTC Learning Platform for 1,395% Staking Returns.

Bitcoin price rose 1% in the last 24 hours. Traded for $62,690 As of 4:39 a.m. EST, trading volume had increased 71% to $22 billion.

This comes as El Salvador launches a Proof-of-Holdings website comprised of a variety of features to help monitor the country’s Bitcoin holdings by leveraging on-chain data.

The country currently holds 5,748 BTC, worth about $360 million. El Salvador continues to purchase the asset, including purchasing 7 BTC worth over $438,000 last week.

Bitcoin Price Set for Rebound Against Falling Wedge

According to data from GeckoTerminal, Bitcoin price has been trending downward within a descending wedge pattern since mid-April after retesting the $72,000 resistance.

However, the support level at $60,202 provided a cushion for BTC bulls to bounce above the upper limit of the descending wedge.

BTC is trading slightly above its 50-day simple moving average (SMA), which could indicate an upward trend ahead. If the bulls produce this trend, BTC could surpass the 200-day SMA barrier above $63,805, further supporting the bullish sentiment.

Moreover, the Relative Strength Index (RSI) is currently trading north of 60, indicating strong buying pressure. If the buying frenzy continues, RSI could surge beyond the 70 overbought zone, indicating continued optimism among investors.

Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line (blue) crossing over the signal line (orange), indicating a bullish crossover. A bullish crossover could be a signal for bulls to add more to their long positions, which could push BTC higher.

A green bar is also forming above the neutral line, indicating that BTC is currently showing positive momentum.

Bitcoin price prediction

Bitcoin price analysis on the 4-hour chart shows that BTC is poised to surge above the descending wedge as it targets $71,500 in the coming weeks.

Key indicators including RSI and MACD show that BTC is currently bullish and bullish investors are aiming to push the price higher.

However, in the opposite scenario, bears could push BTC slightly lower to $58,984, acting as a buffer against downward pressure.

With BTC prices soaring, some investors are diversifying their portfolios with 99BTC, which has already raised more than $1.2 million in pre-sales.

99Bitcoin Presale Surpasses $1.2 Million: What’s the Best Cryptocurrency to Buy Now?

99Bitcoins (99BTC) is an education platform with over 700,000 subscribers on its YouTube channel and over 2 million people enrolled in its website courses.

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

The platform aims to enhance the learning experience by gamifying Bitcoin education, with users completing challenges and lessons to achieve higher ranks and earn $99BTC as a reward.

99Bitcoins also integrates with BRC-20, allowing you to build dApps on the Bitcoin network.

Introducing $99BTC for BRC-20! 🎓

Since 2013, #99Bitcoin It was a learning material. #Cryptocurrency.

We are launching a platform on which you can build. #dApp above #Bitcoin Network!💡#Learn to gain Provides rewards to users of the Bitcoin blockchain.🙌

— 99Bitcoins (@99BitcoinsHQ) April 30, 2024

Token holders can earn passively by staking $99BTC, earning an annual percentage yield (APY) of 1,395%.

According to prominent cryptocurrency YouTuber Jacob Bury, 99BTC has the potential to turn $1K into $10K upon launch.

You can buy 99BTC for $0.00104 right now, but the price is scheduled to rise in about 20 hours, so it’s best to buy it soon to get the best deal.

To participate in the pre-sale, purchase $99BTC on the official website here. You can purchase tokens using ETH, USDT or bank cards.

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99Bitcoins (99BTC) – Learn how to earn new tokens

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