Satoshi

Cryptocurrency

Bitcoin

when

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 $63,006</a> as of 03:21 a.m. EST on trading volume that dropped 19% to $26.8 billion.
This comes after Peter Todd denied the conclusion of an HBO documentary, ”Electric Money: The Bitcoin Mystery,” that he is the enigmatic BTC creator Satoshi Nakamoto.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 HBO says <a href="https://twitter.com/peterktodd?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@peterktodd</a> is satoshi and his response was perfect
 "This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it."
 — Eric Yakes (@ericyakes) <a href="https://twitter.com/ericyakes/status/1843826753246245377?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 9, 2024</a>
</blockquote>
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“For the record. I’m not Satoshi,” Todd told CNN in a statement. Todd accuses the documentary of being “irresponsible” and putting his life in danger.
The documentary’s conclusion that Todd is Satoshi was largely circumstantial. It focuses on Todd’s early involvement with Bitcoin and his connections to other key figures, such as prominent cryptographer Adam Back.
<h2 id="bitcoin-price-aims-for-a-breakout">Bitcoin Price Aims For A Breakout</h2>
This month, the Bitcoin price is seeing the bulls trying to overcome the $63,576 resistance, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>. However, the price seems to be consolidating between this resistance and the $61,623 support within a sideways pattern.
The Bitcoin price is currently sandwiched between the 50 and 200 Simple Moving Averages (SMAs), often a zone of consolidation or indecision. A clean break above both SMAs could signal the start of bullish momentum, while rejection here might lead to further downside.
The RSI is currently at 47.32, which is in neutral territory. This suggests the price isn’t strongly overbought or oversold, indicating indecision or a possible consolidation phase.
There has been no clear bullish or bearish divergence visible, so the RSI alone is not signaling any significant price movement yet.
If the bulls pick up momentum at this level, the price of Bitcoin may stage a breakout above the sideways pattern, as they target $64,975.
<figure id="attachment_585328" aria-describedby="caption-attachment-585328" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-585328" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-09_10-21-03.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1273" height="548" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-09_10-21-03.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-09_10-21-03-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-09_10-21-03-1024x441.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-09_10-21-03-768x331.png 768w" sizes="(max-width: 1273px) 100vw, 1273px">
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 BTCUSD Chart Analysis Source: GeckoTerminal.com
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Conversely, if the bears take control, the price of Bitcoin may plunge below the support zone and could plunge back to the $60,000 support, which could form a double-bottom pattern.
Meanwhile, some investors are diversifying their portfolios with the new meme coin <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a>, which has already amassed over $546K in presale in just a few weeks since its launch.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after it goes live.
<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>
<h2 id="flockerz-presale-garners-over-546k-in-presale">Flockerz Presale Garners Over $546K In Presale</h2>
<a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz</a> is a project that aims to redefine decentralization in the world of meme coins by empowering its community,&nbsp;“The Flock,” to guide the project’s future.
At the core of Flockerz is FlockTopia, where every holder has a voice and earns rewards through an innovative Vote-To-Earn (V2E) system.
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 The flock is flying high! We’ve officially crossed $300K! <a href="https://t.co/MsLc5PeoyX" rel="noopener noreferrer nofollow">pic.twitter.com/MsLc5PeoyX</a>
 — Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1840049282889724227?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 28, 2024</a>
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In Flocktopia, “The Flock” collectively makes decisions about the project’s future. Every member has a voice, creating a truly decentralized and inclusive environment.
Apart from V2E rewards, users can also earn passively through the platform’s <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">staking mechanism</a>, with a sky-high annual yield of 3,354%.
To join the presale, <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">you can buy $FLOCK on the official website here</a> for $0.005724 per token using BNB, ETH, USDT, or a bank card.&nbsp;
Buy before a price hike in a little less than 1 day to secure the best deal.
<h2 id="related-news">Related News</h2>
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