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The Bitcoin price dropped a fraction of a percent in the last 24 hours to trade at $63,006 as of 03:21 a.m. EST on trading volume that dropped 19% to $26.8 billion.
This comes after Peter Todd denied the conclusion of an HBO documentary, ”Electric Money: The Bitcoin Mystery,” that he is the enigmatic BTC creator Satoshi Nakamoto.
HBO says @peterktodd is satoshi and his response was perfect
"This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it."
— Eric Yakes (@ericyakes) October 9, 2024
“For the record. I’m not Satoshi,” Todd told CNN in a statement. Todd accuses the documentary of being “irresponsible” and putting his life in danger.
The documentary’s conclusion that Todd is Satoshi was largely circumstantial. It focuses on Todd’s early involvement with Bitcoin and his connections to other key figures, such as prominent cryptographer Adam Back.
Bitcoin Price Aims For A Breakout
This month, the Bitcoin price is seeing the bulls trying to overcome the $63,576 resistance, according to data from GeckoTerminal. However, the price seems to be consolidating between this resistance and the $61,623 support within a sideways pattern.
The Bitcoin price is currently sandwiched between the 50 and 200 Simple Moving Averages (SMAs), often a zone of consolidation or indecision. A clean break above both SMAs could signal the start of bullish momentum, while rejection here might lead to further downside.
The RSI is currently at 47.32, which is in neutral territory. This suggests the price isn’t strongly overbought or oversold, indicating indecision or a possible consolidation phase.
There has been no clear bullish or bearish divergence visible, so the RSI alone is not signaling any significant price movement yet.
If the bulls pick up momentum at this level, the price of Bitcoin may stage a breakout above the sideways pattern, as they target $64,975.
Conversely, if the bears take control, the price of Bitcoin may plunge below the support zone and could plunge back to the $60,000 support, which could form a double-bottom pattern.
Meanwhile, some investors are diversifying their portfolios with the new meme coin Flockerz (FLOCK), which has already amassed over $546K in presale in just a few weeks since its launch.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after it goes live.
Flockerz Presale Garners Over $546K In Presale
Flockerz is a project that aims to redefine decentralization in the world of meme coins by empowering its community, “The Flock,” to guide the project’s future.
At the core of Flockerz is FlockTopia, where every holder has a voice and earns rewards through an innovative Vote-To-Earn (V2E) system.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
In Flocktopia, “The Flock” collectively makes decisions about the project’s future. Every member has a voice, creating a truly decentralized and inclusive environment.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, with a sky-high annual yield of 3,354%.
To join the presale, you can buy $FLOCK on the official website here for $0.005724 per token using BNB, ETH, USDT, or a bank card.
Buy before a price hike in a little less than 1 day to secure the best deal.
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