The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $68,963 as of 03:05 a.m. EST on trading volume that skyrocketed 72% to $24 billion.
This comes as Donald Trump participated in the “One-day McDonald’s Employee Experience” and repeated unsubstantiated allegations that opponent Kamala Harris fabricated her McDonald’s work experience.
Bitcoin Price Aims For A Bullish Rally Above $70,000
According to the BTC/USD chart analysis on the 1-day chart, the Bitcoin price is nearing the $70,000 mark after breaching the sideways pattern. Data from Geckoterminal shows that the $55,000 mark has allowed the bulls to sustain the momentum, with indicators now turning positive.
The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the recent upsurge. Moreover, the 50-day SMA seems to be moving towards the 200-day SMA, which may form a golden cross in the coming days. This further cements the likely scenario of the price of Bitcoin climbing up.
Meanwhile, the Relative Strength Index (RSI) seems to be moving up towards the 70-overbought region, currently at 67. This indicates that investors are currently optimistic about the asset and may continue pushing the price up.
The Moving Average Convergence Divergence (MACD) also supports the current bullish outlook, with the blue MACD line crossing above the orange signal line as they both soar above the zero line.
BTCUSD Chart Analysis Source: GeckoTerminal.com
Bitcoin Price Prediction
The Bitcoin price analysis shows a successful breakout from the sideways pattern, even as the bulls push the price towards a sustained bullish trend. If the bulls capitalize on the positive price indicators, BTC could surge, as they target $80,000.
Conversely, if the price of Bitcoin experiences any bearish sentiment at this level, the $60,000 support level could be retested.
As the Bitcoin price aims for a continued bullish rally, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) .
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Raises Over $916K In Its BlockBuster Presale
Flockerz is building a vote-to-earn model where the community is at the heart of decision-making.
While most crypto projects claim decentralization, Flockerz is one of the few that is bent on delivering it via its Vote-to-Earn (V2E) model.
A the center of the project is Flocktopia, where decisions about the project’s future are made collectively by “The Flock,” the community of $FLOCK holders. Every member has a say, making the platform a truly decentralized and inclusive environment. And holders get rewarded for voting with FLOCK via the V2E model,
The presale has already raised more than $916K, in part because of its sky-high annual staking yield of 1,849%.
To join the presale, you can buy $FLOCK on the official website here for $0.0058161 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in less than 1 day to secure the best deal.
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