Bitcoin Price Prediction: Bybit says supply on BTC Exchange will run out in 9 months as traders turn to this learning ICO for 10x profits.

bitcoin price rose It was trading up more than 1% in the past 24 hours at $63,853.99 as of 2:20 a.m. ET, as investors returned to accumulate market leaders after the flash cryptocurrency collapse over the weekend.

This comes as Bybit warned that demand for spot Bitcoin exchange-traded funds (ETFs), combined with reduced mining rewards after the halving, could deplete BTC exchange reserves within nine months.

“Assuming $500 million flows into the Bitcoin spot ETF every day, the equivalent of approximately 7,142 Bitcoins will leave exchange reserves each day, implying it will just take time. 9 months “We will consume all of our remaining reserves,” he said. April 15, Bybit, the world’s 3rd largest cryptocurrency exchange report. “With this in mind, it is not surprising that the price of Bitcoin could continue to rise before or after the halving as supply shortages push the price to another new record.”

Bitcoin price regains critical support

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

that much bitcoin The price was able to recover above $63,301.31 in the last 24 hours. This gave the market leader a platform to potentially continue rising over the next 24 hours. If this positive momentum continues, BTC could soon attempt to challenge the next major resistance at $65,104.05. Sufficient buying pressure could push the cryptocurrency price as high as $66,263.84 in the near term.

However, the bullish argument could be invalidated if the price breaks below the recently broken $63,301.31 level in the next 12 hours. In this alternative scenario, the king of the cryptocurrency market could fall to $61,860.81. Losing support at this important price level leaves BTC at risk of plummeting to $60,325.83 in an extremely bearish scenario.

Bitcoin price has short-term technical support

Technical indicators on the BTC 4-hour chart suggest that the Bitcoin price may continue to rise over the next 24 hours. Not only do buyers have an advantage over sellers, as the largest cryptocurrency by market capitalization has recently entered a bullish trend.

Over the past 24 hours, the Moving Average Convergence Divergence (MACD) line has crossed above the MACD signal line. Traders typically identify these technical events as an indication that a cryptocurrency has entered a positive cycle. This, coupled with the recent break above $63,301.31, could trigger a wave of long positions from traders.

Buyers also appear to be re-entering the BTC charts, which is evident from the fact that the Relative Strength Index (RSI) line is positioned above the Simple Moving Average (SMA) line. In addition, the former is also surpassing the latter. A widening gap between two technical indicators could suggest that bulls are building strength against a downtrend, which could lead to: bitcoin The price is rising further.

A potential bullish reversal in the BTC downtrend could inject new optimism into small-cap Bitcoin derivatives.

99Bitcoin, which has maintained positive momentum despite recent corrections, stands to benefit the most from this rise in investor interest. Analysts say pre-sale costs could reach $1 million, delivering a 10-fold return for investors after launch.

Pioneering a profitable learning space

Since its launch, 99Bitcoins has become one of the leading cryptocurrency and blockchain education platforms. Known for their ability to break down complex Web3 aspects into layman’s terms, the team behind the successful project is now looking to expand its services through the launch of the 99BTC crypto token.

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 innovative learn-to-earn model allows users of the 99Bitcoins platform to earn cryptocurrency while building knowledge of new and exciting concepts within the rapidly growing digital asset space.

Users can also access more content by completing the interactive training resources provided. This means that the more users learn, the more opportunities they have to earn.

With over 700,000 YouTube subscribers and over 2 million registered users on the platform, the project’s native 99BTC token is already exposed to a vast pool of potential investors.

Investors are rushing to buy 99BTC

99Bitcoins has so far raised over $400,000 through a successful pre-sale.

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

Additionally, an eye-watering 4,894% APY is available to investors who purchase and stake tokens during the early stages of the ICO phase. However, the APY will drop as the pre-sale progresses, so if you’re interested, buy quickly to get the best return.

Investors can purchase the token for $0.00101 using ETH, USDT, BNB or bank cards on the project’s official website here.

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

• Audited with solid evidence
• Established brand – founded in 2013
• Free Airdrop – Win $99,999 worth of prizes
• Learn How to Make Money – Get Paid to Complete the Trading Course
• YouTube community of over 700,000 people