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Bitcoin price has fallen by 5% in the last 24 hours. Trading at $59,427 As of 00:49 a.m. ET, trading volume was up 46% to $41.6 billion.
The drop resulted in $287.03 million being liquidated from long traders. In total, $322.03 million was liquidated from the market, according to Coinglass data.
Bitcoin price may continue to rise
the Bitcoin The price has been in a downtrend for the past two days, with Bitcoin trading back in a sideways pattern. According to data from GeckoTerminal, Bitcoin price bulls are currently struggling to push Bitcoin price above the $66,000 resistance area.
Bitcoin price is now trading below the 50 and 200 simple moving averages (SMA) on the 4-hour chart, confirming the current bearish price trend.
Moreover, the Relative Strength Index (RSI) is trading below the oversold level of 30, indicating that Bitcoin is currently under intense selling pressure and is undervalued.
A decline in the asset’s value opens the door for bulls to buy more. In this scenario, Bitcoin’s price could rise, which could push Bitcoin to the resistance level at $67,000.
The 50 SMA is now above the 200 SMA, forming a golden cross at $61,500, further supporting the bullish sentiment.
However, the recent price action has formed a bearish rounded top pattern. If the bears exploit the rounded top, Bitcoin price could decline and correct towards the $56,000 support level.
At the same time, as Bitcoin Price Targets Bounce, Solana GameFi Fans Buy New Token Big Dice.
Influential crypto YouTubers like TodayTrader are predicting a huge return on investment, speculating that DICE could make “100x” returns after launch.
DICE: The Next Cryptocurrency to Go 100x? Join the Mega Dice Ecosystem Today
GambleFi’s promising Mega Dice token has raised over $1.75 million in its initial coin offering, as investors continue to back this established name in the online betting world.
Mega Dice Casino is no ordinary platform, with over 11,000 active users and processing over $50 million in monthly bets. Offering a wide range of over 4,000 casino games and over 50 sports and esports betting options, Mega Dice has quickly become a favorite destination for gaming enthusiasts.
What really makes DICE stand out is its innovation. Betting modelToken holders can earn daily rewards based on casino winnings, providing an attractive incentive to hold this potentially lucrative cryptocurrency.
Furthermore, seamless integration with the popular TON Wallet on Telegram means managing your funds has never been easier.
Mega Dice Casino now supports the best Telegram wallet! #ton💳
Use your TON easily by choosing it as your deposit method and linking your wallet in just a few steps. Start playing and winning today! 🔥
Join now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF
— Mega Dice Casino (@megadice) August 7, 2024
With DICE successfully raising over $1.75 million through the presale, momentum is rapidly building. The tokens are currently priced at just $0.110529 each.
Related news:
Mega Dice – Latest GambleFi Symbols
- Well-established cryptocurrency betting brand
- Mentioned on Cointelegraph – First licensed casino on Telegram
- Presale now available – megadicetoken.com
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