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The Bitcoin price rose a fraction of a percent in the last 24 hours to trade at $71,273 as of 03:28 a.m. EST on trading volume that dropped 5% to $26 billion.
Standard Chartered Bank sees better days ahead for the king of cryptos. Forex and digital assets research head Geoffrey Kendrick says the BTC price could hit $150K by the end of 2024 on optimism around the possibility that Donald Trump is voted back into office as president in November’s elections.
Kendrick also said the Bitcoin price could surge to $200K by the end of 2025.
Bitcoin May Hit $150K by Late 2024 Amid Trump Re-Election Hopes, Says Standard Chartered
🌟🚀 Bitcoin to $150,000 by end of 2024? Experts believe a Trump election win could supercharge the crypto industry! 📈🇺🇸 #Bitcoin #Crypto #BTC #Trump2024 #CryptoMarket pic.twitter.com/xnnXnR1koa
— smita (@smitatothemoon) June 6, 2024
Bitcoin and the broader crypto market have seen rising sentiment since May due to the regulatory approval for Ethereum ETFs (exchange-traded funds). Moreover, spot BTC ETFs continue to gain significant inflows, crossing $15 billion in net inflows on Tuesday for the first time since going live in January. This has actively boosted sentiment among Bitcoin traders.
After the approval of ETH ETFs, Bitcoin was able to rise from the lower boundary of the symmetrical triangle, using the $61,073 support zone to propel the price over the upper boundary of the triangle, according to data from GeckoTerminal.
The Crypto Fear and Greed Index shows that the market flipped into extreme greed earlier this week amid optimism over the future outlook for the crypto market.
Bitcoin Price Prediction – Bulls Eye A Sustained Rally Over The Symmetrical Triangle
The Bitcoin price still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish upside potential.
Moreover, the Relative Strength Index (RSI) is trading up as it closes in on the 70-overbought region, currently at 62, which shows that buyers have an upper hand.
The Moving Average Convergence Divergence (MACD) line (blue) crosses above the orange signal line, opening up positions for optimistic investors as it forms a bullish crossover. The green bars on the histogram are also beginning to form over the neutral line, showing that BTC is currently on a positive trajectory.
With all the technical indicators encouraging the bulls to buy more, BTC could soar to the next ATH at $90,000.
However, with the asset being highly overbought, there could be a looming price retrace back to the $55,271 support level, which coincides with the 200-SMA.
With Bitcoin’s price outlook looking strong, some investors are turning to Bitcoin-themed tokens that might benefit from another sharp upswing. One such coin is $99BTC, which has already raised more than $1.9 million in its presale.
99Bitcoins Presale Closes In On $2 Million
Since its inception in the crypto realm, 99Bitcoins (99BTC) has become a pillar of crypto education. In the beginning, the platform could only offer detailed guides for trading, wallets, and earning crypto, but has since undergone a massive transformation.
The platform has over 2 million registered users for its courses and more than 700,000 subscribers on its YouTube channel.
The introduction of its $99BTC token ICO has fueled a groundbreaking learn-to-earn (L2E) model. 99Bitcons aims at gamifying crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
What is Spatial Computing? Discover how #Blockchain is transforming AR/VR, making immersive digital worlds more interactive and secure.
Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
Furthermore, 99Bitcoins 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
You can also earn passively through the project’s staking model, which offers an impressive 855% annual percentage yield (APY).
Jacob Bury, a prominent crypto analyst on YouTube, says that the 99Bitcoins token could potentially surge 10X after its launch.
You can buy $99BTC tokens for $0.00108 each. With a price hike coming in less than 4 days, buy soon to lock in the best deal.
To join the presale, buy $99BTC from the official website here using ETH, USDT, or a bank card.
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