Bitcoin Price Prediction: Venezuela Bans Crypto Mining As This Learn-To-Earn Crypto Presale Races Towards $2 Million – Next Crypto To Explode?

The Bitcoin worth rose by a fraction of a proportion within the final 24 hours to commerce at $66,992 as of 10:43 p.m. EST on buying and selling quantity that soared 34% to $21.46 billion.

This comes as Venezuela’s Ministry of Electrical Energy unveils plans to disconnect cryptocurrency mining farms from the nationwide grid as a method to manage extreme power consumption. Crypto mining requires hefty electrical energy demand, which is contributing to strains on the nation’s energy provide.

#Oficial Prohibida la minería de Criptomonedas en toda Venezuela.

— Asonacrip (Asociación Nacional de Criptomonedas) (@AsonacripVe) May 18, 2024

The choice to ban crypto mining comes after a latest crackdown involving the confiscation of two,000 mining gadgets in Maracay as a part of an anti-corruption initiative.  

Since March, Bitcoin has been on a downtrend, with the 200-day Easy Transferring Common (SMA) at $52,283, knowledge from GeckoTerminal reveals. Nevertheless, BTC has not but reached this essential help stage. As an alternative, the $60,200 help has allowed the bulls to push the worth above the higher boundary of the falling wedge sample.

The Bitcoin worth motion modified its trajectory, and for the primary time in 3 weeks, the worth closed above the 50-day SMA, which might immediate a continued stance above the wedge.

Furthermore, there occurs to be some motion from the patrons, with the Relative Energy Index (RSI) climbing from the oversold ranges to cross the 50-midline stage, at present buying and selling at 58 because it climbs up.

The Transferring Common Convergence Divergence (MACD) is bullish, because the blue MACD line crosses above the orange sign line, a illustration of a bullish crossover. A bullish crossover might sign retail buyers to extend their positions, probably driving BTC costs increased.

BTC can also be in a constructive development, as indicated by the inexperienced bars on the histogram, as they lengthen above the impartial line.

Bitcoin Worth Prediction – Breakout May Outcome In A 20% Upside Transfer

The Bitcoin worth technical evaluation reveals that the BTC bulls goal to push the worth above the wedge, as they aim $80,000, which could possibly be a 20% enhance from the present worth.

Main indicators, together with the RSI and MACD, provide encouragement for optimistic buyers to speculate extra, which might finally push the worth above the wedge, focusing on the weak overhead resistance at $67,500 and $73,794. After that, BTC can surge to the goal of $80,000.

Nevertheless, in an inverse state of affairs, BTC might right in a bid to fill out the falling wedge, with $52,200 offering fast help.

Because the Bitcoin worth bulls goal for a bullish development reversal, another buyers are betting large on the OG Bitcoin schooling web site, 99Bitcoins, which is poised for a serious relaunch within the third quarter.

99Bitcoins Presale Hurtles Previous $1.4 Million – Greatest Crypto To Purchase Now?

99Bitcoins (99BTC) is an academic platform that has over 700,000 subscribers on its YouTube channel and greater than 2 million folks registered for the web site’s programs. It’s presale has already raised $1.45 million.

The undertaking is ready to reinforce the educational expertise by gamifying Bitcoin schooling, with customers having the ability to full challenges and classes to earn increased rankings and $99BTC as rewards.

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

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

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

99Bitcoins goals to compete with and surpass different schooling cash like OpenCampus (EDU), which has a market cap of $153 million, and TokenFi (TOKEN), which stands at $108 million.

The token additionally merges with BRC-20, which permits 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 high of the #Bitcoin community!💡#LearnToEarn rewards customers on the Bitcoin blockchain.🙌

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

Token holders can earn passively by staking $99BTC for a formidable 1,158% annual proportion yield (APY).

Jacob Bury, a outstanding crypto YouTuber, believes that $99BTC might probably flip $1k into $10k after launch.

You should purchase 99BTC now for $0.00105 per token, however, with a worth hike coming in a couple of day, it might be sensible to purchase quickly to lock in the most effective deal.

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

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