Bitcoin Price Prediction: BTC Pumps 9% In A Week, But Analysts Say This GameFi Gem Might Be The Next To Explode

The Bitcoin price dropped by a fraction of a percentage in the last 24 hours despite being up 9% in the last week to trade at $63,971 as of 00:42 a.m. EST on trading volume that dropped 8% to $19 billion.

This comes as a popular analyst on X (formerly Twitter), Rekt Capital, says that Bitcoin is currently aligning with historical post-halving price trends. The pseudonymous analyst offers a more optimistic perspective, noting that Bitcoin has the potential to return to its post-halving reaccumulation range.

https://twitter.com/rektcapital/status/1827701037387399533

Bitcoin Price Aims For A Continued Rally

In the last week, the Bitcoin price has been on an uptrend, as BTC recovered from the sideways pattern’s lower boundary to breach the pattern’s upper boundary on the $61,347 resistance, data from GeckoTerminal shows. 

The price of Bitcoin now seems to be consolidating within the $64,000 range, as the bulls aim for a bullish rally above.

BTC now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the bullish trend.

Moreover, the Relative Strength Index (RSI) trades slightly below the overbought region, currently at 62, as it seems to be consolidating at this level.

If BTC bulls pick up buying at this level, the price could continue surging, as the bulls now target $70,500.

Bitcoin Price Chart Analysis Source: GeckoTerminal.com
BTCUSD Chart Analysis Source: GeckoTerminal.com

The 50-day SMA seems to be rebounding and may soon cross the 200-day SMA, forming a golden cross that may further encourage the price of Bitcoin to soar.

However, if the bears win the struggle at this level, the Bitcoin price could plunge below, with $61,716 and $60,970 now acting as the likely support levels (200-day and 50-day SMAs).

Meanwhile, GameFi lovers are buying the new token on the Solana blockchain, Mega Dice (DICE).

GameFi Sensation Mega Dice Zooms Past $1.75 Million In Blockbuster Presale

Mega Dice is a GameFi cryptocurrency initiative operating on the Solana network that has recently garnered attention by raising over $1.75 million, approaching the $2 million mark. This project aims to merge gaming and cryptocurrency, targeting gamblers on its platform and holders of its DICE token.

The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players monthly and exceeding $50 million in monthly wagering. Players also enjoy over 4,000 casino games and 50 sports and eSports betting options.

Token holders also stand to share in the casino’s profits daily through its unique staking system.

99Bitcoins, a popular crypto channel on YouTube with over 706,000 subscribers, says that $DICE could potentially soar 100X after its launch.

To join the presale, you can buy $DICE on the official website here for $0.110529 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.

Related News

  • 🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔
  •  🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰
  • How to Buy Bitcoin with Debit Card

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