Rally

FOMC

Bitcoin

April

Resistance

<div class="insidebitcoins">
 The Bitcoin price dropped 3% in the last 24 hours to trade at $57,656 as of 02:34 a.m. EST on trading volume that rose 1% to $43.9 billion.
 The announcements came at the end of the two-day Federal Open Market Committee (FOMC) meeting. With the pause button hit again, interest rates were held at 5.25%.
 <h2 id="span-style-font-weight-400-bitcoin-price-to-rally-above-the-66-766-resistance-span">Bitcoin Price To Rally Above The $66,766 Resistance</h2>
 <figure id="attachment_515570" aria-describedby="caption-attachment-515570" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-515570" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20555'%3E%3C/svg%3E" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 1281w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 300w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 1024w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp">
 <noscript><img decoding="async" class="size-full wp-image-515570" src="https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp" alt="Bitcoin Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 1281w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 300w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 1024w, https://cdn.thebittimes.com/images/2024/05/02/5ad3a05275282911ba3b1b5111e91d35.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 </noscript>
 <figcaption id="caption-attachment-515570" class="wp-caption-text">
 BTCUSD Chart Analysis Source: Tradingview.com
 </figcaption>
 </figure>
 The Bitcoin price has been trading within a consolidation channel around the $72,000 and $64,000 range, with bulls and bears struggling for dominance. The bears won the struggle, which pushed the price down to $60,000 and surged again to the resistance at $66,766, forming a rounding bottom pattern.
 However, the bears seem to have taken control, pushing BTC down through a falling wedge pattern. The bearish trend is dominant, with the price falling below the lower boundary of the falling wedge.
 BTC is also trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the price falling further down below the $64,000 critical support.
 Moreover, the Relative Strength Index (RSI) is also trading below the 50-midline level at the 30-oversold region at 34 and aims to move to the north as the price moves up. If the bulls sustain the breakout above $56,500, the RSI could soar to the 50-midline level, an indication of intense buying pressure.
 <h2 id="span-style-font-weight-400-bitcoin-price-prediction-span">Bitcoin Price Prediction</h2>
 The Bitcoin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> indicates that the BTC bulls are staging a breakout above the $56,500 support zone.
 The bulls aim to capitalize on the formation of the rounding bottom and falling wedge patterns to push the price to breach the $66,766 resistance, as they target $70,000.
 However, if the bears continue exerting pressure, BTC could still fall to the next support of around $55,800.
 Meanwhile, as the BTC bulls aim to push the price higher, investors are also buying $99BTC as its presale soars to within a whisker of $1 million raised.
 <h2 id="span-style-font-weight-400-99bitcoins-the-next-100x-crypto-to-buy-now-span">99Bitcoins: The Next 100X Crypto To Buy Now?</h2>
 99Bitcoins (99BTC) is one of the leading crypto educators, boasting over 700,000 subscribers on the YouTube channel and more than two million registered for the website’s courses.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What is Spatial Computing? Discover how #Blockchain is transforming AR/VR, making immersive digital worlds more interactive and secure.
 Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3
 — 99Bitcoins (@99BitcoinsHQ) April 8, 2024
 </blockquote>
 
 The project’s ICO aims to revolutionize crypto education with its Learn-to-Earn model, which gives investors an opportunity to earn passively by learning about blockchain. Completing courses earns $99BTC, which is similar to a cashback rewards program.
 The project also integrates with BRC-20, enabling the building of dApps on the Bitcoin network.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing $99BTC on BRC-20! 🎓
 Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
 We're launching a platform that enables the building of #dApps on top of the #Bitcoin network!💡#LearnToEarn rewards users on the Bitcoin blockchain.🙌
 — 99Bitcoins (@99BitcoinsHQ) April 30, 2024
 </blockquote>
 
 99Bitcoins also has a staking platform, where investors can stake $99BTC for an impressive 1,855% annual percentage yield (APY). Users can also benefit from the ongoing $99,999 BTC airdrop for the community, with winners to be announced on July 19.
 According to Jacob Bury, a YouTuber and crypto analyst, investing in 99BTC could potentially turn $1k into $10K.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G2trqq3KNYE" data-id="G2trqq3KNYE" data-query="feature=oembed" data-alt="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!"></div>
 <noscript><iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/G2trqq3KNYE?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>
 </noscript>
 
 You can buy 99BTC tokens now for $0.00103. With a price hike coming in less than five days, buy soon for the best price.
 To join the presale, you can buy $99BTC from the official website here. You have the option of buying the tokens using ETH, USDT, or a bank card.
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
 <li style="font-weight: 400;">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth! 🚀💸</li>
 <li style="font-weight: 400;">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024 🚀💥</li>
 <li style="font-weight: 400;">How to Buy Bitcoin with Credit Card</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-btc-plunges-3-as-the-fomc-keeps-rates-unchanged-but-the-99btc-learn-to-earn-crypto-ico-closes-on-1-million-tbt87255.html">https://thebittimes.com/bitcoin-price-prediction-btc-plunges-3-as-the-fomc-keeps-rates-unchanged-but-the-99btc-learn-to-earn-crypto-ico-closes-on-1-million-tbt87255.html</a>
</div>

Bitcoin Price Prediction: BTC Plunges 3% As The FOMC Keeps Rates Unchanged, But The 99BTC Learn-To-Earn Crypto ICO Closes On $1 Million

Table of Contents

TheBitTimes

Other articles published on May 2, 2024

Best Cryptocurrencies to Invest in Right Now May 1 – NEAR Protocol, Helium, Polkadot

Shiba Inu (SHIB), XRP, Cardano (ADA): Key Factors Driving Their Recent Price Surges in the Crypto...

Is a Big Rally Coming for Bitcoin and Dogecoin? The Indicator That Knows the Previous Risings Bur...

PEPE Coin Awaits Potential Price Surge

Meme Coins Pepe and BONK Gaining Despite Crypto Market Slump. What Does This Mean for New Crypto ...

How if You are Lost in Crypto Investment?

Join our free newsletter for daily crypto updates!