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The Bitcoin price is down 0.75% in the last 24 hours to trade for $65,963 as of 03:15 a.m. EST on trading volume that plunged 23%.
It comes ahead of one of the biggest annual events in crypto, the Bitcoin 2024 Conference, which is set to begin on Thursday, July 25, in Nashville, Tennessee. According to reports, US Vice President and de facto Democratic ticket nominee Kamala Harris may attend the conference.
🚨JUST IN: KAMALA HARRIS CAMPAIGN IN TALKS TO POTENTIALLY SPEAK AT BITCOIN 2024 CONFERENCE pic.twitter.com/99BF24ZE2P
— Blockchain Daily (@blckchaindaily) July 23, 2024
David Bailey, CEO of Bitcoin Magazine and one of the organizers of The Bitcoin Conference, confirmed discussions with Harris about an appearance at Bitcoin 2024.
We’re in talks with Kamala Harris campaign for her to speak at the conference. Would be very savvy of her to reset the democrat positioning on the fastest growing voter block in the country. They’re making up their minds today.
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) July 23, 2024
If she does speak, she will be joining Republican ticket nominee Donald Trump who is confirmed among the headline speakers at the event. There is speculation that Trump might announce plans to use BTC as a digital reserve in the US.
What if Kamala Harris announces the ‘#Bitcoin Strategic Reserve’ before Trump? pic.twitter.com/nTypZE2Lrx
— Dennis Porter (@Dennis_Porter_) July 23, 2024
Elsewhere, defunct crypto exchange Mt.Gox is also making headlines after smart money on-chain tool Lookonchain revealed a $2.47 billion transaction on Wednesday morning, July 24.
This is amid ongoing repayments following its collapse 10 years ago when BTC was worth around $100. Creditors are also confirming receipts. Kraken is among the exchanges selected by the Trustee to facilitate the investigation and return of client funds.
Mt. Gox moved 37,477 $BTC($2.47B) again 30 minutes ago!#MtGox has transferred 52,549 $BTC($3.31B) to #Bitstamp, #Kraken, and #Bitbank for repayment since July 5.https://t.co/f2q66eQfEM pic.twitter.com/vZVdCWHwG1
— Lookonchain (@lookonchain) July 24, 2024
These developments highlight the growing adoption of Bitcoin and crypto in general, a narrative that is taking center stage in US politics.
Meanwhile, a CoinGecko report says that the fourth Bitcoin halving did not have any notable impact on the Bitcoin price.
CoinGecko 2024 Q2 Crypto Industry Report is now LIVE 📊
After nearly breaching all-time highs in 2024 Q1, the total crypto market cap returned some of those gains in Q2, dropping 14.4%, closing at $2.43T in June.
Here are 7 key highlights you shouldn't miss ⬇️ pic.twitter.com/A8zz42RtGo
— CoinGecko (@coingecko) July 16, 2024
Bitcoin Price Prediction
The Bitcoin price is treading with a bullish bias despite the minor correction. It is consolidating within an ascending parallel channel. It has also escaped the Fibonacci Golden Zone but risks falling back into the bracket amid waning investor conviction.
If it slips below the 38.2% Fibonacci retracement level of $65,772, it could extend the fall. Nevertheless, the chart suggests a possible bounce, which means the aforementioned level could be a good entry for late bulls.
The chances of a bounce come as the Relative Strength Index (RSI) still holds above the mean level of 50. This, coupled with the bullish outlook in the Moving Average Convergence Divergence (MACD), increases the odds of a recovery.
Specifically, the MACD is in positive territory, holding well above the signal line (orange band). Its histograms are also flashing green, evidence of bullish sentiment in the market. Nevertheless, while a recovery seems imminent, the uptrend and possible new all-time high will only be confirmed upon a break and close above the supply zone between $71,113 and $72,747.
GeckoTerminal: BTC/USD 1-day chart
On the other hand, if the $65,772 level is breached, the Bitcoin price could fall. Subsequently, key levels to watch would be $63,369 and $60,965, with the latter being more critical as a breakdown would trigger panic selling.
For the big-picture bullish outlook to be invalidated, however, the Bitcoin price must break and close below the $54,000 threshold.
Meanwhile, as the Bitcoin price flatlines temporarily, prominent crypto YouTuber Jacob Bury says that the 99Bitcoins (99BTC) presale could potentially surge 10X after its launch.
Promising Alternative To Bitcoin
99Bitcoins is an educational platform with over 2 million registered users for its courses and more than 705K subscribers on its YouTube channel. Since its inception into the crypto space, 99Bitcoins has become a pillar of crypto education.
Revolutionizing #Learn2Earn! 📘
🎓 Why It’s the Future:
With the $99BTC Token, you can earn rewards simply by expanding your #Cryptocurrency knowledge.
The Numbers: 🔢
– 79 hours of Courses
– 709K Followers
– 2.85M SubscribersTake a look: https://t.co/NXD7DAamqr#Bitcoin pic.twitter.com/rtBrEJjaZA
— 99Bitcoins (@99BitcoinsHQ) May 5, 2024
The introduction of its $99BTC token has fueled a groundbreaking learn-to-earn (L2E) model. 99Bitcons will gamify crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
The project also merges with BRC-20, making it easier for developers to build apps on the Bitcoin Network.
Introducing $99BTC on BRC-20! 🎓
Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
We're launching a platform that enables the building of #dApps on top of the #Bitcoin network!💡#LearnToEarn rewards users on the Bitcoin blockchain.🙌
— 99Bitcoins (@99BitcoinsHQ) April 30, 2024
Investors can also earn passively through the project’s staking model, which offers an impressive 684% annual percentage yield (APY).
🔥 Our #Presale is nearly over! 🔥
Secure your $99BTC tokens now before the final price increase! 👀
The presale ends on the 6th of August at 2 PM UTC. Don’t miss out! 🗓️ #99Bitcoins #BTC #Crypto pic.twitter.com/ggU70617jT
— 99Bitcoins (@99BitcoinsHQ) July 23, 2024
The project has already amassed over $2.5 million in funds raised and is now offering a last chance to buy with the presale set to close on August 6.
The $99BTC token costs $0.00115. With the presale nearing its end, buy now to lock in the best deal.
Visit and buy 99Bitcoins tokens here.
Also Read:
- 99Bitcoins Price Prediction – $99BTC Profit Potential in 2024
- 99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review
- Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!
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