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Bitcoin is down 0.75% over the past 24 hours to trade at $65,963 as of 03:15 AM ET, with trading volume down 23%.
This comes ahead of one of the biggest annual cryptocurrency events, the Bitcoin 2024 conference, which is set to kick off on Thursday, July 25 in Nashville, Tennessee. US Vice President and de facto Democratic presidential candidate Kamala Harris is reportedly set to attend.
π¨NEW: Kamala Harris Campaign in Talks to Possibly Speak at Bitcoin 2024 Conference pic.twitter.com/99BF24ZE2P
β Blockchain Daily (@blckchaindaily) July 23, 2024
David Bailey, CEO of Bitcoin Magazine and one of the organizers of the Bitcoin Conference, confirmed discussions with Harris about appearing at Bitcoin 2024.
We are in talks with Kamala Harrisβs campaign to speak at the convention. She would be wise to reposition Democrats in the fastest-growing voter bloc in the country. They made their decision today.
β David Baileyπ΅π· $0.65M/BTC is the minimum (@DavidFBailey) July 23, 2024
If she speaks, she will join Republican nominee Donald Trump, who has been confirmed as one of the keynote speakers at the event. There is speculation that Trump may announce plans to use BTC as a digital reserve in the United States.
What if Kamala Harris announced#Bitcoin “Strategic Reserve” before Trump? pic.twitter.com/nTypZE2Lrx
β Dennis Porter (@Dennis_Porter_) July 23, 2024
Elsewhere, cryptocurrency exchange Mt.Gox also made headlines after on-chain smart money tool Lookonchain revealed a $2.47 billion transaction on Wednesday morning, July 24.
This comes amid ongoing repayments after its collapse 10 years ago when Bitcoin was worth around $100. Creditors also confirm receipt of funds. Kraken is among the exchanges chosen by the trustee to facilitate the investigation and return customersβ funds.
37,477 were moved from Mount Gox. Bitcoin($2.47 billion) again 30 minutes ago!#mtjox 52,549 transferred Bitcoin($3.31 billion) to #bitstamp, #mythical sea monsterAnd #bitbank For payment since July 5th.https://t.co/f2q66eQfEM pic.twitter.com/vZVdCWHwG1
β Luke Chain (@lookonchain) July 24, 2024
These developments highlight the growing adoption of Bitcoin and cryptocurrencies in general, a narrative that is dominating the political scene in the United States.
at the same time, CoinGecko Report He says that the fourth Bitcoin halving had no noticeable impact on the price of Bitcoin.
CoinGecko’s Q2 2024 Cryptocurrency Industry Report is Now Available π
After breaching near-hit all-time highs in the first quarter of 2024, the total cryptocurrency market cap regained some of those gains in the second quarter, falling 14.4%, closing at $2.43 trillion in June.
Here are 7 key points you shouldn’t miss β¬οΈ pic.twitter.com/A8zz42RtGo
β Coingecko (@coingecko) July 16, 2024
Bitcoin Price Prediction
Bitcoin price is moving in an uptrend despite a slight correction. It is consolidating inside a parallel ascending channel. It has managed to escape the golden Fibonacci zone but is at risk of returning to the lower zone amid declining investor confidence.
If the price breaks below the 38.2% Fibonacci retracement level at $65,772, the decline could continue. However, the chart indicates a potential bounce, which means the above mentioned level could be a good entry point for late bulls.
The chances of recovery come as the Relative Strength Index (RSI) remains above the 50 average level. This, coupled with the bullish outlook in the Moving Average Convergence Divergence (MACD), increases the chances of recovery.
Specifically, the MACD is in a positive zone, holding above the signal line (orange band). Its charts are also flashing green, which is an indication of bullish sentiment in the market. However, while the recovery seems imminent, the uptrend and its potential new all-time high will only be confirmed upon a break and close above the supply zone between $71,113 and $72,747.
GeckoTerminal: BTC/USD 1-Day Chart
On the other hand, if the $65,772 level is breached, Bitcoin price could decline. Therefore, the key levels to watch will be $63,369 and $60,965, with the latter being more important as a breakdown would trigger panic selling.
But for the overall bullish outlook to be invalidated, Bitcoin price needs to break and close below the $54,000 threshold.
Meanwhile, as Bitcoin’s price stabilizes temporarily, prominent YouTuber Jacob Perry says the 99Bitcoins (99BTC) presale could surge 10x after its launch.
A promising alternative to Bitcoin
99 bitcoin 99Bitcoins is an educational platform with over 2 million registered users for its courses and over 705k subscribers on its YouTube channel. Since its inception in the crypto space, 99Bitcoins has become a mainstay in crypto education.
revolution #Learn_to_profit!π
π Why is it the future:
With the $99BTC token, you can earn rewards simply by scaling your range. #cryptocurrency knowledge.
Numbers: π’
– 79 hours of courses
– 709 thousand followers
– 2.85 million subscriberstake a look: https://t.co/NXD7DAamqr#Bitcoin pic.twitter.com/rtBrEJjaZA
β 99 Bitcoins (@99BitcoinsHQ) May 5, 2024
The launch of its 99BTC token further enhances its pioneering learn-to-earn (L2E) model. 99Bitcons will gamify crypto education by allowing users to take on challenges and complete lessons to earn higher ranks and rewards through 99BTC tokens.
The project also integrates with BRC-20, making it easier for developers to build applications on the Bitcoin network.
Offer 99BTC on BRC-20! π
Since 2013, #99Bitcoin It has been my favorite source for learning about #cryptocurrency.
We are launching a platform that enables building #Decentralized Applications at the top of #Bitcoin The network!π‘#Learn_to_earn Rewards for users on the Bitcoin blockchain.π
β 99 Bitcoins (@99BitcoinsHQ) April 30, 2024
Investors can also earn passively through: Project Participation Formwhich provides an impressive annual return of 684%.
π₯We have #presale It’s almost over! π₯
Get your $99BTC tokens now before the final price increase! π
Pre-sale ends August 6th at 2pm UTC. Don’t miss out! ποΈ #99Bitcoin #Bitcoin #cryptocurrencies pic.twitter.com/ggU70617jT
β 99 Bitcoins (@99BitcoinsHQ) July 23, 2024
The project has already raised over $2.5 million in crowdfunding and is now offering one last chance to buy as the pre-sale is set to close on August 6.
The token is worth $99BTC for $0.00115. With the presale coming to an end, buy now to get the best deal.
Visit and buy 99Bitcoins tokens here.
Read also:
99Bitcoins (99BTC) – Learn How to Earn New Tokens
- Proofread by Solid Proof
- Well established brand – founded in 2013
- Free Airdrop – Win a Share of $99,999
- Learn How to Earn – Get Paid to Complete Trading Courses
- 700,000+ YouTube Community
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