{"id":586545,"date":"2024-10-12T09:57:12","date_gmt":"2024-10-12T09:57:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586545"},"modified":"2024-10-12T09:57:12","modified_gmt":"2024-10-12T09:57:12","slug":"bitcoin-price-soars-almost-4-as-microstrategy-eyes-1-trillion-market-cap-and-this-new-ico-offers-2763-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-soars-almost-4-as-microstrategy-eyes-1-trillion-market-cap-and-this-new-ico-offers-2763-staking-apy","title":{"rendered":"Bitcoin Price Soars Almost 4% As MicroStrategy Eyes $1 Trillion Market Cap And This New ICO Offers 2,763% Staking APY"},"content":{"rendered":"

The Bitcoin Price soared almost 4% in the last 24 hours <\/span>to trade at $62,759<\/span><\/a> as of 11:12 p.m. EST on trading volume that rose 1% to $30 billion.<\/span><\/p>\n

This comes as MicroStrategy co-founder Michael Saylor says that the company aims to become a “Bitcoin bank”<\/a> with a $1 trillion valuation.<\/span><\/p>\n

Bitcoin Price Aims For A Sustained Bullish Rally<\/h2>\n

According to data from <\/span>GeckoTerminal<\/span><\/a>, the Bitcoin price has been consolidating since the beginning of September, trading within the $57,000 and $66,000 resistance.<\/span><\/p>\n

BTC has recently bounced from the Fair Value Gap (FVG) around $59,000, which supports the bullish rally, crossing the $62,500 resistance.<\/span><\/p>\n

The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), further supporting the bullish sentiments.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

\"Bitcoin
BTCUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Bitcoin Price Prediction<\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Meanwhile, as the Bitcoin price aims for a bullish rally, some investors are turning to presale meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for more explosive upside potential.<\/span><\/p>\n

New Presale Flockerz Raises Over $644K<\/h2>\n

Offering a fresh and unique concept with its Vote-to-Earn (V2E) platform, <\/span>Flockerz<\/span><\/a> has already raised over $644K in its presale.<\/span><\/p>\n

\n

The flock is flying high! We’ve officially crossed $300K! pic.twitter.com\/MsLc5PeoyX<\/a><\/p>\n

— Flockerz (@FlockerzToken) September 28, 2024<\/a><\/p><\/blockquote>\n