Bitcoin Price Prediction: BTC Soars 4% Ahead Of Donald Trump Speech At Bitcoin 2024 In Nashville And Traders Rush To Buy 99BTC Before It Lists

The Bitcoin price jumped 4% in the last 24 hours to trade for $67,340 as of 07:23 a.m. EST.

It comes amid hype around the Bitcoin 2024 Conference in Nashville, Tennessee, where several billionaires from different industries are lined up to speak. Republican ticket nominee and former US President Donald Trump is among them, featuring as the headline speaker.

Trump set $844,600 (13.20 BTC) as the price for a roundtable at Nashville’s Bitcoin Conference in his own private event. Photos with Trump cost $60,000 per person, or $100,000 per couple, as a part of fundraising for his bid to become president.

Trump has given crypto and Bitcoin a key role in his presidential campaign ahead of the November elections. This started with his move to accept crypto donations to facilitate his campaign. Reports indicate that the donations have reached over $4 million as of July 26.

Brian Hughes, a Trump campaign aide, emphasized the importance of this new funding stream.

“Crypto innovators and others in the technology sector are under attack from Kamala Harris and the Democrats,” he said. “While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies.”

In a separate development, rival presidential candidate Robert Kennedy Jr., who is running independently, has proposed a $615 billion Bitcoin investment if he wins the November elections.

If he succeeds, he would effectively equate the nation’s Bitcoin reserves with its gold assets. The commitment comes as he aims to make America the world’s largest Bitcoin holder.

Bitcoin Price Prediction

The Bitcoin price is trading with a bullish bias, holding well above the 50% Fibonacci placeholder of $63,558. It comes after a series of higher highs over the past several weeks. The pioneer cryptocurrency has escaped above the Fibonacci Golden Zone when it crossed above the 38.2% Fibonacci level of $65,921.

There are prospects for more gains, with the Relative Strength Index (RSI) well above the mean level of 50. Similarly, the Moving Average Convergence Divergence (MACD) is above its signal line, showing buying pressure exceeds seller momentum. Noteworthy, the RSI is also recording higher highs, showing momentum has been building over the last several days.

If bulls increase their buying strength, the Bitcoin price could extend the climb to tag the 23.6% Fibonacci retracement level of $68,844. A candlestick close above the aforementioned level would encourage more buy orders, potentially sending the pioneer crypto further north.

In a highly bullish case, the gains could extrapolate to the top of the market range at $73,570, levels last tested in mid-March. Overcoming this barrier would allow the pioneer crypto to record a new all-time high.

Bitcoin price

GeckoTerminal: BTC/USD 1-day chart

Conversely, if traders start booking profits for the gains made, the Bitcoin price could begin to drop. A break and close below the 50% Fibonacci level of $63,558 would increase the odds for further downside. Nevertheless, the bullish thesis can only be invalidated once BTC breaks and closes below $53,547. This lower low would signify a change in market structure.

As Bitcoin begins to play a bigger role in US politics, traders are rushing to buy 99Bitcoins (99BTC), which has just soared past $2.5 million in funds raised.

According to Gossipator, a popular YouTube channel with over 11.6K subscribers, the project offers an ”easy 100X.”

Promising Alternative to Bitcoin

99BTC is the native cryptocurrency for the 99Bitcoins ecosystem, a long-established educational platform that is pioneering a new Learn-to-Earn rewards model.

The groundbreaking project incentivizes learning through a unique mix of gamification and a leaderboard reward system.

This ensures users feel like their learning is bearing tangible and, therefore, spendable benefits. You earn crypto while learning about crypto.

Investors can also earn passively through the project’s staking model, which offers an eye popping 681% annual percentage yield (APY). Staking is an opportunity to grow your income passively, while you HODL your tokens and wait for launch.

st99BTC

99BTC tokens are priced at $0.00115.  A price hike is coming in less than 4 days and the presale will end on August 6, so buy now for the best price before it’s too late.

Visit and buy 99Bitcoins here.

Also Read:

  • 99Bitcoins Price Prediction – $99BTC Profit Potential in 2024
  • 99Bitcoins Launches New Learn-to-Earn Airdrop Presale – TodayTrader Video Review
  • Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!

Comments

Post a Comment

Popular posts from this blog

Investor Says BTC And cryptos Are Primed For A Big Turnaround

Image
A trader who is known for correctly calling the bottom of the crypto market in 2022 says that now “seems like a great time” for the market to turn around. Chris Burniske, a venture capitalist, tells his 260,100 Twitter fans that there are a lot of things going for Bitcoin (BTC) and other crypto currencies. “BTC at [200-week simple moving average], worst of Fed action is behind us, credit crunch is there but not a crisis, US gov unlikely to default, equities rallying while crypto lags — seems like a prime time for us to reverse — what am I missing?” Burniske also says that it looks like “a new product cycle” is about to start in the crypto world. “The availability of mature infrastructure for products to use is leaps and bounds beyond the last time this happened w/ DeFi (decentralized finance) Summer in 2020. If you’re not getting excited, you’re not paying close enough attention.” The venture investor is especially excited ...
Read more

Taurus and Teylor collaborate to tokenize German SME loans on TDX Marketplace

Taurus and Teylor Partnership. Teylor’s credit portfolio tokens, overseen by Allen and Overy, become tradeable on Taurus’ TDX marketplace. Taurus’ TDX marketplace, with $1 billion+ in transactions, solidifies Switzerland’s role in institutional-grade blockchain treatment for diverse asset classes. In a groundbreaking move, Swiss crypto custody firm Taurus, backed by Deutsche Bank, has joined forces with Zurich-based fintech lending platform Teylor. The collaboration aims to tokenize Teylor’s credit portfolio tokens, allowing them to be traded on Taurus’ TDX marketplace, signalling a significant step in the tokenization of traditional finance. Tokenizing German SME loans on TDX Marketplace Taurus and Teylor collaboration centers on tokenizing Teylor’s credit portfolio tokens, a move that aligns with the global trend of digitizing traditional financial assets. Overseen by law firm Allen and Overy, Teylor’s cred...
Read more

Zeebu Celebrates a Resounding Success at Exclusive Yacht Party during Token2049 Singapore

Image
Singapore – September 20, 2023   – Zeebu, the pioneering on-chain B2B invoice settlement platform, successfully concluded its Yacht Party during TOKEN2049 in Singapore on September 14th, 2023, setting the stage for an unforgettable evening. The event was a resounding success, attracting a significant number of industry leaders, experts, and investors for an evening of networking and insightful discussions. The Yacht Party also garnered attention from major industry media outlets, including Coingape and Bitcoinworld, further amplifying its impact.   Zeebu made its debut as a sponsor at TOKEN2049 Singapore, reinforcing its position as a key player in the industry’s premier event. The week was filled with excitement for the Zeebu team, with their booth at TOKEN2049 serving as a hub of activity. Zeebu’s co-founder and CMO, Raghavendra Hunasgi, delivered a keynote speech at the conference, further highlighting Zeebu’s commitment to the industry. In addition, Zeebu co-hoste...
Read more