{"id":594851,"date":"2024-11-05T10:01:46","date_gmt":"2024-11-05T10:01:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=594851"},"modified":"2024-11-05T10:01:46","modified_gmt":"2024-11-05T10:01:46","slug":"bitcoin-price-dips-to-68k-as-mt-gox-transfers-2-billion-btc-etf-outflows-surge-and-experts-say-consider-this-v2e-crypto-with-1326-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-dips-to-68k-as-mt-gox-transfers-2-billion-btc-etf-outflows-surge-and-experts-say-consider-this-v2e-crypto-with-1326-apy","title":{"rendered":"Bitcoin Price Dips To $68K As Mt Gox Transfers $2.2 Billion, BTC ETF Outflows Surge, And Experts Say Consider This V2E Crypto With 1,326% APY"},"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 $68,611<\/span><\/a><span style=\"font-weight: 400;\"> as of 03:28 a.m. EST on trading volume that surged 23% to $41.62 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as Mt.Gox moved another $2.2 billion worth of Bitcoin on Monday, identified through wallets tracked by blockchain analytics firm<\/span><a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/mt-gox\"> <span style=\"font-weight: 400;\">Arkham Intelligence<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin briefly slid below $68,000 during Asian market trading but has since clawed back losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, US spot Bitcoin ETFs (BTC ETF) reported $541 million in net outflows on Nov. 4, the second-largest daily outflow since launch in January. Fidelity&rsquo;s FBTC recorded the highest outflows at $169 million.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;BREAKING: Yesterday, the Spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF had an outflow of $541.07 million, the second-largest outflow in its history.&#9888;&#65039; <a href=\"https:\/\/t.co\/iZTTRRlMHU\">pic.twitter.com\/iZTTRRlMHU<\/a><\/p>\n<p>&mdash; Dz_4L&#128011; (@DZ_Trader4L) <a href=\"https:\/\/twitter.com\/DZ_Trader4L\/status\/1853718004770500790?ref_src=twsrc%5Etfw\">November 5, 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 Sustained Bullish Trend<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price recently tested the upper boundary of the rising channel pattern around $72,000, which often acts as resistance, and has pulled back slightly, 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;\">. This kind of pullback within a channel typically suggests a temporary correction in a more significant uptrend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The upper and lower trendlines act as dynamic resistance and support, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC still trades above the 50-day and 200-day Simple Moving Averages (SMAs), indicating that the asset is still on an upward trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RSI is slightly below 50, currently at 48, which implies neutral to mildly bearish momentum. This is not a strong overbought or oversold signal but indicates that the recent pullback has somewhat reduced buying pressure.<\/span><\/p>\n<figure id=\"attachment_594855\" aria-describedby=\"caption-attachment-594855\" style=\"width: 1167px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-594855\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal\" width=\"1167\" height=\"555\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35.png 1167w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-300x143.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-1024x487.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-768x365.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-130x63.png 130w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-104x50.png 104w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-05_10-28-35-83x40.png 83w\" sizes=\"(max-width: 1167px) 100vw, 1167px\"><figcaption id=\"caption-attachment-594855\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>BTC Price Analysis<\/h2>\n<p><span style=\"font-weight: 400;\">According to the BTC\/USD chart analysis, the Bitcoin price is still within the rising channel pattern. The channel&rsquo;s lower trendline, along with the 50-day SMA around $67,776, is acting as immediate support. This zone could be a potential bounce area for the price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A successful bounce off the lower boundary would confirm strength and potentially lead to another test of the upper channel. In this scenario, bullish investors are targeting $76,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the price drops below the lower boundary, BTC could plunge to the 200-day SMA at $62,402.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Bitcoin price aims for a bullish rally, some investors are turning to presale meme coins like the newly launched <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/flockerz\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Flockerz (FLOCK)<\/span><\/a><span style=\"font-weight: 400;\"> for more explosive upside potential.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n<p><iframe title=\"NEXT 100X Meme Coin?! Flockerz Vote-to-Earn Crypto Review\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/o0OSkCqnm9k?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>Flockerz Heads For $2 Million In Blockbuster Presale<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/flockerz\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Flockerz<\/span><\/a><span style=\"font-weight: 400;\"> has raised more than $1.26 million in its ICO as it continues its mission to put the power back in the hands of the crypto community.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Armed with the first-ever vote-to-earn (V2E) mechanism, Flockerz is transforming decentralization as we know it. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compared with many other crypto projects where a small group makes decisions of people, FLOCKERZ allows its community more control over decision-making.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its V2E platform allows community members to determine the project&rsquo;s future and get compensated for their work.<\/span><span style=\"font-weight: 400;\"> Flocktopia, the decentralized governance framework of FLOCKERZ, is at the center of the project and allows every holder to have a say in decisions.&nbsp;<\/span><\/p>\n<h2>Buy And Stake $FLOCK For 1,326% Annual Rewards<\/h2>\n<p><span style=\"font-weight: 400;\">Another reason investors are flocking to the presale of its native token, $FLOCK, is its mouth-watering staking rewards, currently perched at a dazzling 1,326% in annual rewards.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In the turbulent skies of crypto, it&rsquo;s all about flying together. Strength in numbers, success in unity&mdash;fly with the flock! <a href=\"https:\/\/t.co\/vPwC75koVx\">pic.twitter.com\/vPwC75koVx<\/a><\/p>\n<p>&mdash; Flockerz (@FlockerzToken) <a href=\"https:\/\/twitter.com\/FlockerzToken\/status\/1846328864299274575?ref_src=twsrc%5Etfw\">October 15, 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;\">Investors interested in joining the presale can<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/flockerz\" rel=\"nofollow\"><span style=\"font-weight: 400;\">visit the official Flockerz website to buy FLOCK tokens<\/span><\/a><span style=\"font-weight: 400;\"> at the current price of $0.0059334 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy before a price hike in less than 24 hours to secure the best deal.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-pumps-6-after-elon-musk-mentions-doge-department-on-joe-rogan-podcast-but-experts-say-consider-this-rival-meme-coin-for-massive-gains\"><span style=\"font-weight: 400;\">Dogecoin Price Pumps 6% After Elon Musk Mentions DOGE Department On Joe Rogan Podcast, But Experts Say Consider This Rival Meme Coin For Massive Gains<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/spot-bitcoin-etfs-see-second-highest-outflows-as-mt-gox-moves-2-2-billion-in-btc-ahead-of-us-election\"><span style=\"font-weight: 400;\">Spot Bitcoin ETFs See Second-Highest Outflows As Mt. Gox Moves $2.2 Billion In BTC Ahead Of US Election<\/span><\/a><\/li>\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<\/ul>\n                                        <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\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; Coinsult Audited<\/li>\n                                                                                                    <li>Staking Rewards - 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