Join Our Telegram channel to stay up to date on breaking news coverage
The Bitcoin price soared 4% in the last 24 hours to trade at $66,805 as of 00:50 a.m. EST on trading volume that surged 35% to $36 billion.
This comes as the crypto rally resumes, with BTC recording its highest price in a month even as the world grappled with a major IT outage. A software update by cybersecurity service provider CrowdStrike caused widespread computer outages worldwide, halting airlines, banks, and businesses.
As a result, there was discussion of the importance of decentralized systems like public blockchains compared to centralized networks.
The market hours for IBIT open at 9.30am ET. Within minutes, Bitcoin shot up from $64K, now above $65K.
Did some institution just wake up and decide Bitcoin is a safe haven decentralized store of value as global tech and banking systems fail from Microsoft's blue screen of… pic.twitter.com/KOh9oU0GHX
— Charles Edwards (@caprioleio) July 19, 2024
The Bitcoin price had on July 13 used the double bottom pattern to push the token up, as it formed another support zone around $63,596, according to data from GeckoTerminal.
After the news of the IT outage, the price of Bitcoin used support to push the token up above $67,000 to $67,338 before retracing to the current price.
Bitcoin Price To Soar Higher To A New ATH
BTC price bulls are looking to push the token further up as the token trades well above both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, investors are buying and adding to their positions as the Relative Strength Index (RSI) climbs, currently at 67, hurtling towards the overbought region, a sign of continued investor optimism.
The Moving Average Convergence Divergence (MACD) also crosses above the neutral line, which aligns with the current price uptrend. The blue MACD line also crosses above the orange signal line, forming a bullish crossover, which may encourage the bulls to buy more.
According to the Bitcoin price analysis on the 4-hour chart, the bulls may capitalize on the double bottom and the $63,596 support zone to push the token up, targeting a new all-time high at 74,000.
However, if the bears take control of the price here, the BTC price may retrace back to the $61,968 support zone (50-day SMA).
Meanwhile, Bitcoin lovers are also buying into the 99Bitcoins (99BTC) presale, which has amassed over $2.4 million in funding.
Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn $1K into $10K after its launch.
99Bitcoins Presale Hurtles Past $2.4 Million
99Bitcoins has been a sensation as a crypto educational platform, with over 700,000 subscribers on its YouTube channel and more than 2 million people registered for the website’s courses.
With its ICO launch, 99 Bitcoins introduces a Learn-to-Earn (L2E) model that incentivizes its students to learn about cryptocurrency.
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
The platform aims to enhance the learning experience by gamifying Bitcoin education, where users complete challenges and lessons, earning them higher rankings and $99BTC as rewards.
Users on the platform can also earn passively by staking $99BTC for an impressive 689% annual percentage yield (APY).
You can buy 99BTC now for $0.00114. With a price hike coming in less than 3 days, it’s best to buy soon to lock in the best deal.
To join the presale, you can buy $99BTC from the official website here. You have the option of buying with ETH, USDT, or a bank card.
Related News
- 5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! 🚀💰
- Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸
- How to Buy Bitcoin with Credit Card
Join Our Telegram channel to stay up to date on breaking news coverage
