Rally

bullish

FOMO

Bitcoin

The Bitcoin price dropped a fraction in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $64,463</a> as of 03:44 a.m. EST on trading volume that surged 9% to $39 billion.
This comes as MicroStrategy says it’s “extremely optimistic” about Bitcoin adoption amid increasing ”bipartisan” political support for the crypto industry in the US.
“On the adoption front, we are extremely optimistic with the improved understanding of bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024 Conference in Nashville,” said MicroStrategy in a press release in connection with its second-quarter earnings.
Although MicroStrategy reported a Q2 loss of $180.1 million on its BTC holdings, the firm still holds 226,500 tokens worth about $14.4 billion.&nbsp;
<h2 id="bitcoin-price-aims-for-a-sustained-rally">Bitcoin Price Aims For A Sustained Rally</h2>
The Bitcoin price has been in a sustained rally from July 12 to July 31, surging from the $57,000 support to as high as $70,000 in that time, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The bulls were unable to sustain the bullish trend as Bitcoin tumbled to $63,000 support, which now coincides with the 200-day Simple Moving Average (SMA).
However, there seem to be some bullish prospects, as the token now trades above the 200-day SMA. The 50-day SMA at $66,466 now acts as the immediate support level, which the bulls aim to overcome to push BTC higher above the ascending triangle.
Meanwhile, the Relative Strength Index (RSI) is rebounding from the 30-oversold region as it hurtles towards the midline level, currently at 44, indicating positive momentum.
Based on Bitcoin’s price analysis, the token is currently on a bullish trend reversal as it heads back to the ascending triangle pattern. If this trend continues, the price of Bitcoin could soar, as the bulls target $70,600 in the long term.
The 50-day SMA trades above the 200-day SMA, with a golden cross at $61,727, which supports the bullish prospects.
<figure id="attachment_559817" aria-describedby="caption-attachment-559817" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-559817 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/WBTC_2024-08-02_10-44-13.png" alt="Bitcoin Price Price Chart | GeckoTerminal" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/WBTC_2024-08-02_10-44-13.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/08/WBTC_2024-08-02_10-44-13-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/WBTC_2024-08-02_10-44-13-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/WBTC_2024-08-02_10-44-13-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-559817" class="wp-caption-text">
 Bitcoin Price Chart | GeckoTerminal
 </figcaption>
</figure>
However, if the bears take control of the price at this level, BTC could plunge further to the next support level of $60,000.
While MicroStrategy is optimistic about Bitcoin adoption, investors are piling into the <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> project before its presale ends in four days.
<h2 id="99bitcoins-presale-raises-over-2-5-million-buy-now-before-presale-ends">99Bitcoins Presale Raises Over $2.5 Million – Buy Now Before Presale Ends</h2>
The 99Bitcoins token is ending its presale with a bang, crossing the $2.59 million mark and stirring conversation among top crypto influencers about the new and innovative Learn-to-Earn crypto sector.&nbsp;
According to Jacob Bury, a prominent crypto YouTuber, 99BTC has the potential to turn $1K into $10K after 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>
The next four days are the last chance to buy $99BTC as intense FOMO kicks in. The final stage of the presale concludes on August 6 at 9.30 a.m. UTC, meaning prospective buyers have no time to lose.
The platform has over 2 million registered users for its courses and more than 706,000 subscribers on its YouTube channel.
Their latest innovation is its ICO’s inception, fueling a groundbreaking learn-to-earn (L2E) model. The project will gamify crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
Token holders can also earn passively from <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">the project’s staking option</a>, which offers a head-spinning annual percentage yield (APY) of 666%.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 How many of these bad boys will <a href="https://twitter.com/PeterSchiff?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@PeterSchiff</a> be popping? 💊<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/CryptoCurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoCurrency</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/yIEeuGsSdx" rel="noopener noreferrer nofollow">pic.twitter.com/yIEeuGsSdx</a>
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1794684946453262569?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
You can buy $99BTC tokens for $0.00116 each until the presale closes on August 6.
<a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">Buy $99BTC on the official website here</a>&nbsp;using ETH, USDT, or a bank card.
<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye" rel="noopener noreferrer nofollow">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li>
 <li>&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
</ul>

Bitcoin Price Prediction: As MicroStrategy Turns ”Extremely Optimistic” On BTC, Traders Rush To Buy 99BTC With Only Days Left

Table of Contents

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