Bitcoin Price Prediction: BTC Plunges 3% As The FOMC Keeps Rates Unchanged, But The 99BTC Learn-To-Earn Crypto ICO Closes On $1 Million

The Bitcoin worth dropped 3% within the final 24 hours to commerce at $57,656 as of 02:34 a.m. EST on buying and selling quantity that rose 1% to $43.9 billion.

The bulletins got here on the finish of the two-day Federal Open Market Committee (FOMC) assembly. With the pause button hit once more, rates of interest had been held at 5.25%.

Bitcoin Value To Rally Above The $66,766 Resistance

The Bitcoin worth has been buying and selling inside a consolidation channel across the $72,000 and $64,000 vary, with bulls and bears struggling for dominance. The bears gained the battle, which pushed the worth right down to $60,000 and surged once more to the resistance at $66,766, forming a rounding backside sample.

Nonetheless, the bears appear to have taken management, pushing BTC down via a falling wedge sample. The bearish development is dominant, with the worth falling under the decrease boundary of the falling wedge.

BTC can also be buying and selling under each the 50-day and 200-day Easy Transferring Averages (SMAs), which coincides with the worth falling additional down under the $64,000 important help.

Furthermore, the Relative Power Index (RSI) can also be buying and selling under the 50-midline degree on the 30-oversold area at 34 and goals to maneuver to the north as the worth strikes up. If the bulls maintain the breakout above $56,500, the RSI might soar to the 50-midline degree, a sign of intense shopping for strain.

Bitcoin Value Prediction

The Bitcoin worth evaluation signifies that the BTC bulls are staging a breakout above the $56,500 help zone.

The bulls intention to capitalize on the formation of the rounding backside and falling wedge patterns to push the worth to breach the $66,766 resistance, as they aim $70,000.

Nonetheless, if the bears proceed exerting strain, BTC might nonetheless fall to the subsequent help of round $55,800.

In the meantime, because the BTC bulls intention to push the worth larger, traders are additionally shopping for $99BTC as its presale soars to inside a whisker of $1 million raised.

99Bitcoins: The Subsequent 100X Crypto To Purchase Now?

99Bitcoins (99BTC) is among the main crypto educators, boasting over 700,000 subscribers on the YouTube channel and greater than two million registered for the web site’s programs.

What’s Spatial Computing? Uncover how #Blockchain is reworking AR/VR, making immersive digital worlds extra interactive and safe.

Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3

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

The challenge’s ICO goals to revolutionize crypto training with its Study-to-Earn mannequin, which provides traders a possibility to earn passively by studying about blockchain. Finishing programs earns $99BTC, which is analogous to a cashback rewards program.

The challenge additionally integrates with BRC-20, enabling the constructing of dApps on the Bitcoin community.

Introducing $99BTC on BRC-20! 🎓

Since 2013, #99Bitcoins has been the go-to useful resource for studying about #Cryptocurrency.

We’re launching a platform that permits the constructing of #dApps on prime of the #Bitcoin community!💡#LearnToEarn rewards customers on the Bitcoin blockchain.🙌

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

99Bitcoins additionally has a staking platform, the place traders can stake $99BTC for a powerful 1,855% annual share yield (APY). Customers can even profit from the continued $99,999 BTC airdrop for the group, with winners to be introduced on July 19.

In accordance with Jacob Bury, a YouTuber and crypto analyst, investing in 99BTC might probably flip $1k into $10K.

You should purchase 99BTC tokens now for $0.00103. With a worth hike coming in lower than 5 days, purchase quickly for the very best worth.

To affix the presale, you should buy $99BTC from the official web site right here. You will have the choice of shopping for the tokens utilizing ETH, USDT, or a financial institution card.

Associated Information