{"id":567280,"date":"2024-08-21T11:28:29","date_gmt":"2024-08-21T11:28:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=567280"},"modified":"2024-08-21T11:28:29","modified_gmt":"2024-08-21T11:28:29","slug":"bitcoin-price-prediction-btc-plunges-3-as-mt-gox-moves-784-million-and-this-solana-gamefi-crypto-closes-on-2-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-plunges-3-as-mt-gox-moves-784-million-and-this-solana-gamefi-crypto-closes-on-2-million","title":{"rendered":"Bitcoin Price Prediction: BTC Plunges 3% As Mt. Gox Moves $784 Million And This Solana GameFi Crypto Closes On $2 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price plunged 3% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $59,553<\/span><\/a><span style=\"font-weight: 400;\"> as of 03:18 a.m. EST on trading volume that dropped 7% to $27 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as an address associated with the defunct crypto exchange Mt. Gox moved 13,265 BTC worth $784 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Alex Thorn, head of research at Galaxy Digital, the latest batch of on-chain movement of BTC may not translate into substantial selling pressure.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CORRECTION &mdash; in a prior tweet i said mt gox tx&rsquo;d $1.5bn onchain. it was half that &mdash; $700m. (sorry, i misread my alerts)<\/p>\n<p>AND, we now think that of the 13,265 BTC moved in this tx, only 1,265 ($74.5m) is meant to distro, w\/ 12,000 going to estate fresh cold storage<\/p>\n<p>so, very small<\/p>\n<p>&mdash; Alex Thorn (@intangiblecoins) <a href=\"https:\/\/twitter.com\/intangiblecoins\/status\/1826081953696690540?ref_src=twsrc%5Etfw\">August 21, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price Could Still Surge<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price has been in a consolidation phase since August 8, as BTC trades on a sideways pattern within the $61,000 resistance and the $56,665 support zone, according to data from GeckoTerminal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC has now crossed above the 50-day Simple Moving Average (SMA), which suggests that Bitcoin&rsquo;s price could be on an uptrend in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) also seems to be rebounding from the 50-midline level, currently at 51, as it indicates a growing buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the buying continues, the Bitcoin price could breach the upper boundary of the sideways pattern. The bulls aim to surpass the 200-day SMA at $62,255 as they target $64,000.<\/span><\/p>\n<figure id=\"attachment_567281\" aria-describedby=\"caption-attachment-567281\" style=\"width: 1255px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-567281 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-21_10-18-13.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-21_10-18-13.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-21_10-18-13-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-21_10-18-13-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-08-21_10-18-13-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-567281\" class=\"wp-caption-text\">Bitcoin Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, if the price of Bitcoin breaches the lower boundary of the pattern at $56,645, BTC could plunge further to find support around $54,635.&nbsp;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, as the Bitcoin price aims for a bullish rally, other investors are rushing to buy a new GameFi token on Solana called<\/span>&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/mega-dice-presale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Mega Dice (DICE)<\/span><\/a> that<span style=\"font-weight: 400;\"> the prominent YouTube channel 99Bitcoins says could soar 100X after launch.<\/span><\/p>\n<p><iframe title=\"IS MEGADICE THE NEXT 100X CRYPTO PRESALE GEM?! GAMING + CRYPTO\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/bxVYKtZ-vdw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Mega Dice Presale Garners Over $1.7 Million<\/h2>\n<p><span style=\"font-weight: 400;\">The Mega Dice presale is closing in on $2 million in funds raised in its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Mega Dice&rsquo;s influence in crypto gaming is evident with its growing player base of over 50,000, who wager an average of over $50 million monthly.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our community's creativity shines in this stunning video featuring <a href=\"https:\/\/twitter.com\/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DICE<\/a> &#129321;<a href=\"https:\/\/twitter.com\/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DICE<\/a> &ndash; #1 GameFi project on <a href=\"https:\/\/twitter.com\/hashtag\/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw\">#SOLANA<\/a>! &#128640;<\/p>\n<p>There's something for everyone at Mega Dice Casino! &#128526;<\/p>\n<p>Join now &#128071;<a href=\"https:\/\/t.co\/pzizhtZ2pS\">https:\/\/t.co\/pzizhtZ2pS<\/a> <a href=\"https:\/\/t.co\/URjfXHFvae\">pic.twitter.com\/URjfXHFvae<\/a><\/p>\n<p>&mdash; Mega Dice Casino (@megadice) <a href=\"https:\/\/twitter.com\/megadice\/status\/1817862644566511685?ref_src=twsrc%5Etfw\">July 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Users on the platform also enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Token holders can also <a href=\"https:\/\/insidebitcoins.com\/visit\/mega-dice-presale\" rel=\"nofollow\">earn rewards through staking<\/a>, receiving daily payouts based on the casino&rsquo;s profits. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mega Dice also offers NFTs for VIP players and a 25% referral commission to further drive engagement and participation on the platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale,<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/mega-dice-presale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">you can buy $DICE on the official website here<\/span><\/a><span style=\"font-weight: 400;\"> for $0.110529 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze\"><span style=\"font-weight: 400;\">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 &#128640;&#128165;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye\"><span style=\"font-weight: 400;\">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!<\/span><\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card\/\"><span style=\"font-weight: 400;\">How to Buy Bitcoin with Credit Card<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">                                         <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Mega Dice - 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