Bitcoin Price Prediction: BTC rises 3% after cryptocurrency plunge, experts say this new learn to make money ICO may become the next BRC-20 token to break out.

Bitcoin prices have risen 3% in the past 24 hours to $65,775 per coin as of 01:16 a.m. ET. Trading volume has fallen 27% to $42.5 billion. This is because Markus Thielen, head of 10X research, believes that Bitcoin miners may see significant Bitcoin outflows in the months after the halving, similar to previous cycles.
According to Thielen, Bitcoin miners are likely to liquidate $5 billion worth of Bitcoin with sales over a four to six-month period. He said this could lead to a "six-month 'summer' downturn" in Bitcoin prices.
Bitcoin price sustains reversal from symmetrical triangle
Bitcoin price has been rising sharply since late February, with BTC surpassing its previous all-time high (ATH) and setting a new high in March at around $73,737. However, bulls have been unable to recapture this high, with Bitcoin price action forming a symmetrical triangle pattern on the 1-day chart.
BTC is trading above the 200-day simple moving average (SMA), showing long-term upside potential for the price. If the bulls can sustain the reversal momentum within the lower boundary of the triangle, BTC could break above the 50-day SMA resistance around $67,067.
Moreover, the Relative Strength Index (RSI) is rising towards the 50 midline level and is currently at 46, which suggests that bulls are increasing their holdings, which could bring strong buying pressure. If bulls maintain their bullish stance, the RSI is likely to rise above the overbought zone, showing signs of increasing investor optimism.
Bitcoin Price Prediction
Analysis of Bitcoin price on the 1-day chart shows that BTC bulls are staging a trend reversal that is pushing the price above the upper boundary of the symmetrical triangle pattern. A breakout at this level could push the price higher, aiming for a new ATH in the long term at $87,550.
Conversely, if the bulls take control of the price at this level, they are likely to find support below the lower boundary of the triangle at $60,957.
Many analysts believe that a pullback could occur before the upcoming halving on April 20.
As BTC bulls stage a trend reversal, other investors are also turning their attention to 99Bitcoins, a new pre-sale project designed to incentivize users to learn everything about cryptocurrency.
99Bitcoins pre-sale quickly exceeded 300,000 US dollars. Is it the best BRC-20 project at present?
As the world becomes more accepting of cryptocurrencies, obtaining cryptocurrency education is more important than ever.
99Bitcoins (99BTC) is one of the leading cryptocurrency education platforms, known for simplifying the complexities of cryptocurrency.
The platform has launched a new learn-to-earn (l2E) platform in the blockchain space through its native token $99BTC.
99Bitcoins’ YouTube channel has over 700,000 subscribers, and the website’s course registrations exceed 2 million.
99Bitcoins’ venture capital-backed initial ICO is positioned to transform the site through the $99BTC token, promising to provide a fun learning and earning experience for site users.
Investors flocked to the presale market, raising more than $300,000 in just five days, close to the $500,000 goal.
The launch of the 99Bitcoins token was timed just before the Bitcoin halving to capitalize on the hype surrounding the once-in-four-year event.
This has enabled the coin to show strong performance following its launch, as the cryptocurrency market often sees strong rallies after each halving event.
Participants can earn passive income through the platform’s lock-up option, where they can lock up $99BTC tokens to earn an astonishing 7294% annualized rate of return.
According to analysis from 99Bitcoins’ own YouTube channel, $99BTC could surge 10x after its launch.
The price of $99BTC tokens is $0.001 each, but will increase in price in just one day, so if you are interested in the best price, buy it now.
To participate in the presale, buy $99BTC tokens on the official website. You can buy with ETH, USDT or bank card.
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