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Bitcoin

Shiba Inu

The Bitcoin price dropped a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $65,720</a> as of 04:01 a.m. EST on trading volume that dropped 5% to $34 billion.
This comes as asset manager Hashdex recently proposed a combined spot Bitcoin and Ethereum ETF (exchange-traded fund) to the US Securities and Exchange Commission. The Hashdex Nasdaq Crypto Index U.S. ETF is aimed at providing investors with direct exposure to the two leading cryptocurrencies, Bitcoin and Ethereum.
Hashdex is set to use Coinbase and BitGo to secure custody of its Bitcoin and Ethereum holdings. The SEC has 90 days to review the proposal, with a final decision expected by March 2025.
James Seyffart, an ETF analyst at Bloomberg Intelligence, notes that the ETF has the potential to include other digital assets as they are approved by the SEC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashdex?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@hashdex</a> already has a crypto index ETF that's traded down in Brazil. These are the assets it currently holds and their weights in the fund. 90% is Bitcoin and Ethereum. <a href="https://t.co/5yRCDsfUs0" rel="noopener noreferrer nofollow">pic.twitter.com/5yRCDsfUs0</a>
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1803087413088043124?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
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<h2 id="span-style-font-weight-400-bitcoin-price-outlook-span-span-style-font-weight-400-bulls-target-77k-span">Bitcoin Price Outlook: Bulls Target $77K</h2>
<figure id="attachment_537628" aria-describedby="caption-attachment-537628" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-537628" src="https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-19_11-01-43.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-19_11-01-43.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-19_11-01-43-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-19_11-01-43-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/WBTC_2024-06-19_11-01-43-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-537628" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
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The Bitcoin price has since May capitalized on the inverse head and shoulders pattern to push the token to the resistance zone around $72,108, data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a> shows. However, the price of Bitcoin has been trading within this range, within a consolidation channel.
In the last week, the bears seem to have won the struggle for dominance, pushing the token down as it breached the lower boundary of the channel.
BTC price also dropped below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate resistance levels at $66,658 and $68,069.
Moreover, the Relative Strength Index (RSI) also trades below the 50-midline level, currently at 47, but with signs of trading up, which could signal an incoming buying frenzy.
<h2 id="span-style-font-weight-400-bitcoin-price-prediction-span">Bitcoin Price Prediction</h2>
The <a href="https://insidebitcoins.com/cryptocurrency-price/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin price</a> analysis on the 4-hour chart shows that the Bitcoin price is currently on a downtrend, having breached the lower boundary of the consolidation channel.
Moreover, the 50-day SMA has crossed below the 200-day SMA, forming a death cross of around $67,887. A death cross could encourage investors to sell the asset, which could further push the BTC price to the next support level of around $63,000.
However, if the bulls stage a trend reversal at this level to cross the $66,658 resistance level, BTC could negate the bearish sentiments and soar above the channel as the bulls target $77,000.
Meanwhile, some investors are turning to Bitcoin-themed tokens that might benefit from another bull run. Such a coin is $99BTC, which has already raised more than $2.2 million in its presale.
<h2 id="span-style-font-weight-400-99bitcoins-presale-surges-past-2-2-million-span">99Bitcoins Presale Surges Past $2.2 Million</h2>
<a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> has been a pillar of crypto education since 2013. It has over 2 million registered users for its courses and more than 700,000 subscribers on its YouTube channel.
With the inception of its ICO, the project plans to incentivize learning through the Learn-to-Earn concept, where users can enhance their blockchain knowledge via interactive courses and quizzes on the 99Bitcoins platform while earning $99BTC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What is Spatial Computing? Discover how <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> is transforming AR/VR, making immersive digital worlds more interactive and secure.
 Dive deeper: <a href="https://t.co/2hlZYRFHBv" rel="noopener noreferrer nofollow">https://t.co/2hlZYRFHBv</a><a href="https://twitter.com/hashtag/99BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99BTC</a> <a href="https://twitter.com/hashtag/SpatialComputing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpatialComputing</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a>
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
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$99BTC holders can also benefit from attractive annual percentage yields (APYs), currently at 759%, when they stake their tokens.
According to Jacob Bury, a crypto analyst and YouTuber, the $99BTC token could soar 10X after its launch.
<iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="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>
You can buy $99BTC tokens for $0.0011 each. With a price hike coming in less than six days, buy soon to lock in the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">buy $99BTC from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
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Bitcoin Price Prediction As HashDex Files With The SEC For A Combined Spot BTC And Ethereum ETF And The 99BTC ICO Zooms Towards $3M

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