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The Bitcoin price soared 2% in the last 24 hours to trade at $65,733 as of 00:25 a.m. EST on trading volume that surged 21% to $42 billion.
This comes after Craig Wright finally yielded and made public posts declaring he is not Satoshi Nakamoto. The move comes after a March ruling from the England High Court that Wright is not the original inventor of Bitcoin.
Earlier in 2024, the Crypto Open Patent Alliance (COPA) took Wright to court to prevent him from delivering copyright notices related to anything Bitcoin. Thanks to overwhelming evidence against Wright, UK Judge James Mellor ruled in favor of COPA.
Part of the outcome required Wright to publicly state his lack of involvement in the creation of Bitcoin, and declare that he is not Satoshi Nakamoto.
The statement cements the move to prevent Wright from taking legal action against developers and other members of the crypto community or claiming intellectual property rights over BTC’s open-source technology, a win for the entire open-source community.
Bitcoin Price To Continue Its Bullish Trend Reversal Over The Rounding Bottom
The Bitcoin price saw a slight drop in June, dropping from $65,735 on June 7 to $63,800 on July 1, according to data from GeckoTerminal. The price of Bitcoin then went through a significant drop from here, as it dropped to the $55,000 critical support zone.
BTC price bulls used the support to push the token back up to the $63,800 resistance level, forming a rounding bottom pattern.
Investors are looking to capitalize on the rounding bottom to push the token further above, having already breached the 64,000 threshold.
The Bitcoin price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation of the bullish stance in the coming days.
Moreover, investors are actively buying the asset, as evident with the Relative Strength Index (RSI) trading up over the 70-overbought (OB) region at 73, a signal of rising momentum.
The Moving Average Convergence Divergence (MACD) is also trading up above the neutral line, which is in line with the price being on an uptrend. The MACD blue line is also crossing above the orange signal line, an indication of a bullish crossover as the bulls rush to add to their buying positions.
Bitcoin Price Prediction
According to the Bitcoin price analysis on the 4-hour chart, optimistic investors are aiming to capitalize on the rounding bottom pattern to sustain BTC’s price surge. Major indicators, including the RSI and MACD, show that investors are buying more, which could propel the price up.
In such a bullish scenario, the price of Bitcoin could soar to $74,000, a 15% surge from the current price.
The Bitcoin price has been up 10% in the last week, which means that sellers may start booking profits, as the RSI shows that the asset is overvalued. This could prompt a slight retrace back to the $61,793 support zone (200-day SMA).
As the Bitcoin price soars, other Bitcoin lovers are diversifying their portfolios with a new derivative, 99Bitcoins (99BTC), which has already amassed over $2.4 million in its explosive presale.
99Bitcoins Presale Surges Past $2.4 Million In Funding – Best Alternative To Buy Now?
As Bitcoin surges in popularity and its predicted value increases, the demand for cryptocurrency education is exploding.
Since its inception in the crypto realm, 99Bitcoins has gained traction as a major pillar of crypto education. The platform is addressing this need with a comprehensive library of resources and a groundbreaking learn-to-earn model.
There are over 2 million registered users on the platform and more than 700,000 subscribers on its YouTube channel. With their latest ICO, 99Bitcoins aims to gamify crypto education by allowing users to complete lessons and tackle challenges 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
99Bitcoins also merges with BRC-20, which allows developers to seamlessly build dApps 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
Buy And Stake $99BTC For 696% Annual Rewards
Token holders are also lured to the project by its staking model, which offers investors an impressive 696% annual percentage yield (APY).
Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn $1K into $10K after its launch.
You can buy $99BTC tokens for $0.00114 each. With a price hike coming in about six 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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