{"id":578808,"date":"2024-09-21T09:18:56","date_gmt":"2024-09-21T09:18:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=578808"},"modified":"2024-09-21T09:18:56","modified_gmt":"2024-09-21T09:18:56","slug":"bitcoin-price-prediction-microstrategy-buys-another-458m-btc-as-experts-say-this-new-ico-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-microstrategy-buys-another-458m-btc-as-experts-say-this-new-ico-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Bitcoin Price Prediction: MicroStrategy Buys Another $458M BTC As Experts Say This New ICO Might Be The Best Crypto To Buy Now"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price edged up a fraction of a percent in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $62,916<\/span><\/a><span style=\"font-weight: 400;\"> as of 10:32 p.m. EST even as trading volume tumbled 9% to $34 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as Michael Saylor&rsquo;s MicroStrategy announced that it had purchased an additional $458 million worth of Bitcoin. After purchasing the 7,420 BTC, the company confirmed that it now holds a remarkable 252 BTC acquired at an average cost of $39,266.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9\/19\/2024, we hodl 252,220 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$9.9 billion at ~$39,266 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/JUtgztpzBu\">https:\/\/t.co\/JUtgztpzBu<\/a><\/p>\n<p>&mdash; Michael Saylor&#9889;&#65039; (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1837116692209574119?ref_src=twsrc%5Etfw\">September 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price On A Bullish Trend: Could It Continue?<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price capitalized on the cup and handle pattern and the $58,000 support to push the price up, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the sustained bullish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) seems to be rebounding above the 60 zone as it hurtles towards the 70-overbought region, a confirmation that the asset is currently under intense buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The continued positive trajectory is also supported by the Moving Average Convergence Divergence (MACD), which is now soaring above the neutral zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the positive trend continues, the price of Bitcoin could soar even further, as the BTC price bulls target $67,000.<\/span><\/p>\n<figure id=\"attachment_578809\" aria-describedby=\"caption-attachment-578809\" style=\"width: 1273px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-578809\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1273\" height=\"532\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19.png 1273w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-300x125.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-1024x428.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-21_05-32-19-768x321.png 768w\" sizes=\"(max-width: 1273px) 100vw, 1273px\"><figcaption id=\"caption-attachment-578809\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, if the bears take advantage of the price at this level, BTC could plunge back to the 200-day SMA, currently at $59,229.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors are piling into the new meme coin casino project <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Memebet Casino (MEMEBET Token)<\/span><\/a><span style=\"font-weight: 400;\">, which has amassed over $260K since its presale launched a little more than a week ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cryptonews, a popular crypto YouTube channel with over 10k subscribers, predicts that $MEMEBET Token could see a 100x increase after launch.<\/span><\/p>\n<p><iframe title=\"NEW MEMEBET TOKEN WILL 100X!! MAKE BETS WITH MEME COINS?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/dgqdweQeJVI?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>Memebet Token Surpasses $260K In A Week &ndash; Best Crypto To Buy Now?<\/h2>\n<p><span style=\"font-weight: 400;\">Since launching last week, the Web3&rsquo;s first meme coin casino has raised over $260K as whales pile in to buy at rock-bottom fixed prices.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project straddles two high-growth segments: online casinos and meme coins, and specifically targets degen gamers.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not the casino we deserve but the casino we need &#127920; <a href=\"https:\/\/twitter.com\/hashtag\/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeBet<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw\">#Airdrop<\/a> coming soon! &#128640; <a href=\"https:\/\/twitter.com\/hashtag\/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw\">#Memecoins<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> gaming and more! &#127918;&#127942; <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOG<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/RNDR?src=hash&amp;ref_src=twsrc%5Etfw\">#RNDR<\/a> <a href=\"https:\/\/t.co\/oR2xja6JFK\">pic.twitter.com\/oR2xja6JFK<\/a><\/p>\n<p>&mdash; MemeBet (@Memebetcasino) <a href=\"https:\/\/twitter.com\/Memebetcasino\/status\/1793673524747309446?ref_src=twsrc%5Etfw\">May 23, 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;\">By purchasing MEMEBET Token, players can unlock massive P2E airdrop giveaways, special degen rewards, and exclusive VIP benefits.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After its launch, the Memebet Token platform will accept meme coins for wagering on casino games, slots, and sports betting &ndash; a feature no GambleFi platform has offered previously.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other leading meme coins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Players who wager using $MEMEBET Token earn additional rewards through the platform&rsquo;s <\/span><span style=\"font-weight: 400;\">play-to-earn system<\/span><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale, you can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $MEMEBET Token on the official website for $0.0252<\/span><\/a><span style=\"font-weight: 400;\"> using USDT, ETH, or a bank card. With a price hike coming in less than 40 minutes, buy quickly to lock in the best deal.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/debit-card\/\"><span style=\"font-weight: 400;\">How to Buy Bitcoin with Debit Card<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">&nbsp;<\/span><a href=\"https:\/\/www.linkedin.com\/pulse\/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue\"><span style=\"font-weight: 400;\">&#128640; Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 &#128200;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/dogecoin-price-prediction-doge-reach-1-2024-juliana-clarisse-calsona-yqwse\"><span style=\"font-weight: 400;\">&#128640; Dogecoin Price Prediction: Will DOGE Reach $1 in 2024? &#128054;&#128176;<\/span><\/a><\/li>\n<\/ul>\n            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href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":566818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-578808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction: MicroStrategy Buys Another $458M BTC As Experts Say This New ICO Might Be The Best Crypto To Buy Now - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $62,916 as of 10:32 p.m. EST 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