Rally

Cryptocurrency

Bitcoin

Million

The Bitcoin price fell 2% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $67,431</a> as of 03:27 a.m. EST on trading volume that surged 44% to $37.8 billion.
This comes as Bitcoiners slam MicroStrategy co-founder Michael Saylor over comments that recommend Bitcoin custodianship through “too big to fail” financial institutions, a shift from his earlier stance in support of self-custody.
<iframe title="The Bitcoin revolution &amp; risks with Michael Saylor (Part Two)" width="640" height="360" src="https://www.youtube.com/embed/DevkAbG1mGc?start=1446&amp;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>
In an October 21 interview with financial markets reporter Madison Reidy, Saylor suggested that Bitcoiners have nothing to lose by transferring their BTC to institutions.
An investor who thinks that state-sanctioned Bitcoin seizure is possible is a “paranoid crypto anarchist,” he said.
<h2 id="bitcoin-price-indicators-still-support-a-bullish-rally">Bitcoin Price Indicators Still Support A Bullish Rally</h2>
The Bitcoin price has been in a consolidation phase since August, as the bulls have continuously struggled to push BTC above the $65,400 resistance, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>. BTC recently broke out of the sideways pattern, with the token aiming for a continued rally above the upper boundary.
BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish stance.
Moreover, the Relative Strength Index is still trading slightly below the 70-overbought region, currently at level 60, which indicates that there may still be a position for the bulls to buy and get into the action before another leg up.
In a scenario where the price may continue soaring, the bulls may propel the price even higher to the long-term target of $80,000.
<figure id="attachment_590109" aria-describedby="caption-attachment-590109" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-590109" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px">
 <figcaption id="caption-attachment-590109" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
Meanwhile, if the bears gain control here, the Bitcoin price may plunge back to the lower support at $56,400.
As the Bitcoin price declines, investors looking for new opportunities might want to consider a new meme coin ICO called <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a>, which has raised more than $971k and offers a stratospheric Annual Percentage Yield (APY) of 1,738%.
<h2 id="flockerz-presale-hurtles-towards-1-million-mark">Flockerz Presale Hurtles Towards $1 Million Mark</h2>
Flockerz is building a project where the community is at the heart of decision-making, and even gets paid to participate via a Vote-to-Earn (V2E) system.
Flockerz aims to redefine decentralization through its community-driven governance model, Flocktopia. Unlike other projects, where a select few make decisions, FLOCKERZ opens its governance to all token holders.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In Flocktopia, decisions about the project’s future are made collectively by “The Flock,” the community of $FLOCK holders. Every member has a say, making the platform a truly decentralized and inclusive environment.
Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, with a sky-high annual yield of 1,738%.
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 $0.0058394 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.&nbsp;
Buy before a price hike in less than 3 days to secure the best deal.
<h2 id="related-news">Related News</h2>
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