FOMC

bullish

Chair

Bitcoin

Convergence

<p>The Bitcoin price tumbled 0.5% in the last 24 hours to trade for $66,363 as of 02:30 a.m. EST on trading volume that plunged 26%.</p>
<p>It comes amid ongoing Mt. Gox repayment woes as the defunct crypto exchange moved another 47,229 BTC, worth over $3 billion, to three unknown wallets.</p>
<p>This is after it moved $3.89 billion worth of BTC to Bitstamp, Kraken, Bitbank, and SBI VC Trade since July 5 as part of a repayment scheme.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Mt. Gox moved 47,229 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($3.13B) to 3 unknown wallets again in the past 3 hours!<a href="https://twitter.com/hashtag/MtGox?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MtGox</a> has moved 61,559 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($3.89B) to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitstamp</a>, <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a>, <a href="https://twitter.com/hashtag/Bitbank?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitbank</a>, and SBI VC Trade for repayment since July 5.<a href="https://t.co/f2q66eQNuk" rel="noopener noreferrer nofollow">https://t.co/f2q66eQNuk</a> <a href="https://t.co/3G1tp47rav" rel="noopener noreferrer nofollow">pic.twitter.com/3G1tp47rav</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1818469315383030050?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Meanwhile, crypto markets are also keeping an eye on the Federal Reserve. This is ahead of Fed Chair Jerome Powell’s press conference at 2.30pm ET after the close of the Federal Open Market Committee (FOMC) meeting.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Tomorrow at 2:30 p.m. ET: Chair Powell hosts live <a href="https://twitter.com/hashtag/FOMC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FOMC</a> press conference: <a href="https://t.co/WJAT3hR1Io" rel="noopener noreferrer nofollow">https://t.co/WJAT3hR1Io</a> <a href="https://t.co/r3A3OCNjPa" rel="noopener noreferrer nofollow">pic.twitter.com/r3A3OCNjPa</a></p>
 <p>— Federal Reserve (@federalreserve) <a href="https://twitter.com/federalreserve/status/1818284238468436061?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Crypto Rover, a popular trader, highlighted that three of the last four FOMC meetings marked bottoms for Bitcoin.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Tomorrow we will have another FOMC Meeting.</p>
 <p>From the last 4 FOMC Meetings, 3 marked the bottom for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a></p>
 <p>Will history repeat? <a href="https://t.co/chrsG0bQzd" rel="noopener noreferrer nofollow">pic.twitter.com/chrsG0bQzd</a></p>
 <p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1818329206335644010?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Data shows a 4.1% chance of a pivot and a 95.9% chance that the rate stays the same.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1 day before the FOMC decision:</p>
 <p>👉 4.1% chance for a PIVOT<br>👉 95.9% chance rate stays the same <a href="https://t.co/2312lOTeRa" rel="noopener noreferrer nofollow">pic.twitter.com/2312lOTeRa</a></p>
 <p>— Satoshi Flipper (@SatoshiFlipper) <a href="https://twitter.com/SatoshiFlipper/status/1818311404442558685?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2>
<p>The Bitcoin price is trading with a bullish bias, holding steady within an ascending parallel channel. If the confluence between the 38.2% Fibonacci retracement level of $65,772 and the lower boundary of the channel holds as a support level, BTC could push north.</p>
<p>A flip of the $68,746 resistance level into a support floor would pave the way for further upside. A break and close above it would encourage more buy orders, potentially sending the pioneer cryptocurrency to the range high of $73,553. In a highly bullish case, the gains could extrapolate towards a new peak.</p>
<p>The outlook of the Relative Strength Index (RSI), which defends above the mean level of 50, shows that the bulls still have control. This could push the Bitcoin price further north. The Moving Average Convergence Divergence reinforces this stance, holding in positive territory and above the signal line.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-558901 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww.png" alt="Bitcoin" width="1366" height="765" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww-300x168.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww-1024x573.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/BTCwww-768x430.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a></p>
<p><a href="https://www.geckoterminal.com/eth/pools/0x4585fe77225b41b697c938b018e2ac67ac5a20c0" target="_blank" rel="noopener noreferrer nofollow">GeckoTerminal: BTC/USD 1-day chart</a></p>
<p>Conversely, a closer look at the MACD shows a looming sell signal, which would be executed if this indicated crosses below the signal line. The MACD histograms are also flashing red, suggesting budding bearish sentiment in the BTC market.</p>
<p>If the $65,772 support level breaks, the Bitcoin price could extend the fall. In such a directional bias, only a break and close below $63,369 would spook investors. In a dire case where the altcoin slides lower, a candlestick close below 60,965 would trigger panic selling.</p>
<p>For the bullish thesis to be invalidated, the bears must bring the Bitcoin price below $53,185, which was last tested on July 5.</p>
<p>Meanwhile, Bitcoin believers are also buying into 99Bitcoins (99BTC), which has amassed over $2.5 million in funding. It’s now offering investors a last chance to buy with less than 6 days left in its presale.</p>
<p>Jacob Bury, a prominent crypto YouTuber, believes that 99BTC has the potential to turn $1K into $10K after its launch.</p>
<p><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></p>
<h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">99Bitcoins</a> has been a sensation as a crypto educational platform, with over 705,000 subscribers on its YouTube channel and more than 2 million people registered for the website’s courses.</p>
<p>With its ICO launch, 99 Bitcoins introduces a Learn-to-Earn (L2E) model that incentivizes its students to learn about cryptocurrency.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Since 2014, $99BTC has been at the forefront of <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> education.💡</p>
 <p>🧠 Experienced Guidance: Decades of combined knowledge.</p>
 <p>⚡ Wide Range: Covers multiple <a href="https://twitter.com/hashtag/Cryptocurrencies?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrencies</a>.</p>
 <p>📖 <a href="https://twitter.com/hashtag/LearnToEarn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LearnToEarn</a>: Reap rewards while you learn!</p>
 <p>Get started: <a href="https://t.co/NXD7DAamqr" rel="noopener noreferrer nofollow">https://t.co/NXD7DAamqr</a><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/lJjLgkgVI2" rel="noopener noreferrer nofollow">pic.twitter.com/lJjLgkgVI2</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1787105033789538619?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The platform aims to enhance the learning experience by gamifying Bitcoin education. This is where users complete challenges and lessons, earning them higher rankings and $99BTC as rewards.</p>
<p>Users on the platform can also earn passively by&nbsp;<a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">staking $99BTC</a>, which offers&nbsp;an impressive 671% annual percentage yield (APY).</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Short on time? Simply stake your $99BTC tokens on our website and earn passive rewards effortlessly!</p>
 <p>Join now! 👉 <a href="https://t.co/nA4Lw89WA0" rel="noopener noreferrer nofollow">https://t.co/nA4Lw89WA0</a><a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> <a href="https://twitter.com/hashtag/Alts?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Alts</a> <a href="https://t.co/av0mkMvIbR" rel="noopener noreferrer nofollow">pic.twitter.com/av0mkMvIbR</a></p>
 <p>— 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1781322130325430669?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 19, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>You can buy 99BTC now for $0.00116. With the presale closing in less than 6 days, buy soon before it’s too late.</p>
<p><a href="https://insidebitcoins.com/visit/99bitcoins" target="_blank" rel="noopener noreferrer nofollow">Visit and buy 99Bitcoins here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/99bitcoins-price-prediction" rel="noopener noreferrer nofollow">99Bitcoins Price Prediction – $99BTC Profit Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/99bitcoins-launches-new-learn-to-earn-airdrop-presale-todaytrader-video-review" rel="noopener noreferrer nofollow">99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" rel="noopener noreferrer nofollow">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</a></li>
</ul>

Bitcoin Price Prediction As Mt. Gox Moves 47.2K BTC Ahead Of FOMC Decision With Time Running Out To Buy 99BTC ICO

Table of Contents

Inside Bitcoins

Other articles published on Jul 31, 2024

Breaking News: FED Chair Jerome Powell Speaks After Interest Rate Decision – Here Are All The Hig...

Solana Bulls Eye New Peak

MOG Coin Heading For Another ATH: With 50% Growth Ahead?

MOONHOP Presale: Crypto Investors Go Bullish To Bag Their MHOP Tokens; BlockDAG Price Prediction ...

Will Binance (BNB) Witness 60% Price Surge To $900 Amid Market Pullback?

India’s Web3 Alliance Ramps Up Cybersecurity Measures Following WazirX Hack

Join our free newsletter for daily crypto updates!