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The Bitcoin price rose 3% in the last 24 hours to trade at $65,142 as of 02:20 a.m. EST on trading volume that surged 49% to $37.4 billion.
The BTC price has made a strong comeback, reclaiming $65,000 after a rough patch that saw the king of cryptos shedding over 20% on August 5 and September 6.
As Uptober looms – a month that has favored BTC historically – market sentiment appears to be shifting gears.
Bitcoin Price Prediction: Technical Indicators Signal Bullish Momentum
The Bitcoin price has been on an uptrend, trading within the rising channel pattern, as the bulls continue to push the price of Bitcoin upward, as the bulls capitalized on the $53,495 support zone, according to data from GeckoTerminal.
BTC price is currently trading above the 50-period (white) and 200-period (yellow) moving averages, further supporting the bullish sentiment.
Moreover, the RSI is at 65, which is near the overbought region (above 70). This indicates strong momentum but also suggests the price may face some resistance soon. However, since it’s not yet in the overbought zone, there could still be room for further upside.
The MACD line (blue) is above the signal line (orange), indicating a bullish crossover. This is a positive signal for the continuation of the upward trend. The green bars on the histogram also indicate that the price of Bitcoin is currently on positive momentum.
Bitcoin Price Prediction
According to the BTC/USD chart analysis, the price is within an ascending channel, with higher highs and higher lows forming a clear bullish structure. If the Bitcoin Price continues to respect this channel, it could move toward the resistance level near $70,000, as indicated by the arrow.
However, a breakdown below the lower channel support could signal a potential pullback, with support around the $63,262 level (aligned with the 50-period MA).
Meanwhile, investors are rushing to buy the new Solana GameFi project Mega Dice (DICE), which has amassed over $1.89 million in a presale that now has only 2 days left.
According to the 99Bitcoins YouTube channel, with more than 706k subscribers, $DICE could soar 100X after its launch.
Buy Mega Dice Now Before Its Listing
SOL GambleFi token $DICE, issued by top casino brand Mega Dice, is offering a last chance to buy before it lists on Raydium DEX on Sept. 30 at 15.00 CET.
$DICE Launch on Raydium 🚀
We’re excited to share that $DICE will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉
Get ready for the next big step in #GameFi on #Solana as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com/qvAND54tbk
— Mega Dice Casino (@megadice) September 20, 2024
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform with over 11,000 users who place more than $50 million in bets every month.
Users on the platform enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.
Its already utility-packed native token will add staking on launch, offering an Annual Percentage Yield currently estimated at 286%. About 29% of tokens have already been staked.
WARNING: Time's Almost Up to Grab $DICE at the Lowest Price! 🚨
The $DICE presale is about to close its doors, with the last price increase happening this Tuesday! This is your absolute final chance to get in on the best #GameFi token on #Solana before the price skyrockets! ⏳… pic.twitter.com/vzF1t77DsA
— Mega Dice Casino (@megadice) August 30, 2024
Adding to the excitement around $DICE is the $2.25 million airdrop campaign for active casino players. This three-season airdrop, currently in its final phase, is divided into three segments of $750K each.
Players must wager $15K or more between August 14 and October 2 to qualify. Those wagering with $DICE will receive a 15% bonus.
To join the presale, you can buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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