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    Bitcoin Price Prediction as HashDex Files with SEC for BTC, Ethereum, and 99BTC ICO ETF Closes to $3 Million

    msmarkBy No Comments4 Mins Read
    Bitcoin price

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    The price of Bitcoin has fallen by a fraction of a percent in the past 24 hours Trading at $65,720 As of 04:01 AM EST, trading volume was down 5% to $34 billion.

    This comes as asset management firm Hashdex recently proposed setting up a joint Bitcoin and Ethereum spot ETF (exchange-traded fund) with the US Securities and Exchange Commission. The Hashdex Nasdaq Crypto Index US ETF aims to provide investors with direct exposure to the two leading digital currencies, Bitcoin and Ethereum.

    Hashdex is set to use Coinbase and BitGo to secure custody of its Bitcoin and Ethereum holdings. The SEC has 90 days to review the proposal, and a final decision is expected by March 2025.

    James Seyphart, ETF analyst at Bloomberg Intelligence, notes that the ETF has the potential to include other digital assets after SEC approval.

    Bitcoin price forecast: Bulls target $77,000

    BTCUSD chart analysis source: GeckoTerminal.com

    Since May, Bitcoin price has benefited from a reversal head and shoulders pattern to push the symbol into the resistance zone around $72,108, according to data from GeckoTerminal Offers. However, Bitcoin price is trading within this range, within a consolidation channel.

    Last week, the bears appeared to have won the struggle for dominance, pushing the token lower as it broke the lower limit of the channel.

    BTC price also fell below the 50-day and 200-day simple moving averages (SMAs), which are now acting as immediate resistance levels at $66,658 and $68,069.

    Furthermore, the Relative Strength Index (RSI) is also trading below the 50 mid-line level, which is currently at 47, but with signs of trading up, which could indicate an incoming buying frenzy.

    Bitcoin price forecast

    the Bitcoin price Analysis on the 4-hour chart shows that Bitcoin price is currently in a downward trend, having breached the lower border of the consolidation channel.

    Furthermore, the 50-day SMA crossed below the 200-day SMA, forming a dead crossover at around $67,887. A death cross could encourage investors to sell the asset, which could push BTC price to the next support level of around $63,000.

    However, if the bulls stage a trend reversal at this level to cross the $66,658 resistance, BTC could negate the bearish sentiment and rise above the channel as the bulls target $77,000.

    Meanwhile, some investors are turning to Bitcoin-themed cryptocurrencies, which could benefit from another rally. This coin is worth $99 USD and has already raised over $2.2 million in pre-sale.

    99 Bitcoin Presale soars above $2.2 million

    99 Bitcoin (99 Bitcoin) It was APCryptocurrency education has been evolving since 2013. She has over 2 million registered users for her courses and over 700,000 subscribers on her YouTube channel.

    With the start of the Initial Coin Offering (ICO), the project plans to incentivize learning through the “Learn to Earn” concept, where users can enhance their blockchain knowledge through training courses and interactive quizzes on the 99Bitcoins platform while earning 99 Bitcoins.

    99BTC holders can also benefit from attractive annual percentage yields (APYs), currently at 759%, when they stake their tokens.

    According to Jacob Burry, a cryptocurrency analyst and YouTuber, the 99 BTC token could rise 10-fold after its launch.

    You can buy $99 worth of tokens for $0.0011 each. With prices rising in less than six days, buy soon to get the best deal.

    To join the pre-sale, Buy for $99 from the official website here Using ETH, USDT, or bank card.

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