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The Bitcoin Price soared almost 4% in the last 24 hours to trade at $62,759 as of 11:12 p.m. EST on trading volume that rose 1% to $30 billion.
This comes as MicroStrategy co-founder Michael Saylor says that the company aims to become a “Bitcoin bank” with a $1 trillion valuation.
Bitcoin Price Aims For A Sustained Bullish Rally
According to data from GeckoTerminal, the Bitcoin price has been consolidating since the beginning of September, trading within the $57,000 and $66,000 resistance.
BTC has recently bounced from the Fair Value Gap (FVG) around $59,000, which supports the bullish rally, crossing the $62,500 resistance.
The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), further supporting the bullish sentiments.
Moreover, the Relative Strength Index (RSI) is soaring above the 50-midline level, currently at 57 and moving up, which shows that the bulls have the upper hand.
The Moving Average Convergence Divergence (MACD) also supports the bullish move as it crosses the neutral line. The blue MACD line also crosses above the orange signal line, indicating that BTC is currently on positive momentum.
Bitcoin Price Prediction
According to the BTC/USD chart analysis on the 4-hour timeframe, the price of Bitcoin could continue soaring, as the bulls aim to push BTC to the next resistance at $66,000in the coming days.
However, if the bears gain control here, the Bitcoin price may drop back to the $60,000 support level on the upper boundary of the FVG.
Meanwhile, as the Bitcoin price aims for a bullish rally, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) for more explosive upside potential.
New Presale Flockerz Raises Over $644K
Offering a fresh and unique concept with its Vote-to-Earn (V2E) platform, Flockerz has already raised over $644K in its presale.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Investors are flocking to Flockerz’s presale because, unlike most meme coins, it really is empowering its community to be the project’s key decision-makers.
With its industry-first V2E mechanism, Flockerz hands control over to its community, allowing members to steer the project’s direction and receive compensation for their input.
This shift is driven by the launch of FlockTopia, a platform that redefines decentralization by ensuring that critical decisions about the token’s future are made by the community instead of a select few.
The innovative V2E system rewards participants for their engagement, allowing holders to earn $FLOCK tokens simply by casting votes on the project’s future direction.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, with a huge annual percentage yield (APY) of 2,714%. Over 66 million $FLOCK tokens have already been staked.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
To join the presale, you can buy $FLOCK on the official website here for $0.0057469 per token using BNB, ETH, USDT, or bank cards. Buy before a price hike in less than 24 hours to snare the best deal.
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