Bitcoin indicator flashes “buy” signal while BTC price remains stable – next crypto to explode?

Following positive news from the Ethereum ETF, Bitcoin’s price rose from around $66,000 to over $71,000 before consolidating around $70,000. As we look at BTC price predictions, let’s explore the next potentially explosive cryptocurrency in the coming weeks.

Bitcoin Price Analysis – BTC Price Prediction

Popular crypto analyst Ali tweeted about the TD Sequential indicator, which accurately predicted Bitcoin price action on the hourly chart. According to Ali, TD Sequential now presents a buy signal, anticipating that Bitcoin will recover. This is a momentum oscillator that helps identify potential market reversals by tracking consecutive candles and their closing prices.

Ali further tweeted that Bitcoin is meeting minimal resistance, highlighting a key supply zone between $70,180 and $70,600, where more than 450,000 addresses purchased 273,000 BTC. With strong support levels, he believes the odds favor the bulls.

Renowned analyst Rekt Capital also weighed in, suggesting that a weekly candle close above approximately $71,500 would likely initiate the breakout of the reaccumulation range. However, he noted that history suggests that Bitcoin’s chart should consolidate within this reaccumulation range for a few more weeks. Extended consolidation would help Bitcoin resynchronize with historical halving cycles, potentially resulting in a longer bull run.

Rekt Capital acknowledged that while investors understandably want a breakout, an accelerated cycle could mean the price of Bitcoin peaks in its bull market sooner. Ultimately, he believes both cases are bullish, but history suggests a typically long bull run.

Based on analysis from these prominent analysts, the Bitcoin price prediction remains bullish, with the potential for further consolidation or a breakout above the $71,500 range, signaling the start of a new uptrend.

Popular platform 99Bitcoins, with over 705k subscribers on YouTube, also shared insights into the price of BTC. The Fear and Greed Index at 70 indicates greed and increased market confidence. Moving averages signal strong buying, reflecting increased interest in Bitcoin. The market appears primed for a continued rally, with Bitcoin potentially reaching $88,000 soon, according to analyst at 99Bitcoins.

Next crypto to blow up?

Shifting our focus to the next cryptocurrency with the potential to explode in 2024, we turn to 99Bitcoins again as they recently launched $99 BTC, a new token with a “Learn to Earn” model. Users earn $99 BTC for learning about crypto through interactive modules and quizzes.

The pre-sale for $99 BTC began on April 10, 2024, initially priced at $0.001. Prices increase in subsequent steps. Purchaseusers need a wallet like MetaMask and can pay with ETH, USDT, BNB or fiat.

After the pre-sale, investors can claim $99 BTC tokens or stake them in exchange for rewards such as premium content, trading signals, and discounts.

The total supply of $99 BTC is 99 billion, with 10.39 billion allocated for presale. Initially an ERC-20 token, this presale raised over $1.5 million in about a month.

Conclusion

While Bitcoin price momentum is consolidating, indicators suggest potential for a rally or bullish breakout, making BTC a potentially attractive opportunity.

Additionally, 99Bitcoins’ upcoming $99BTC token could potentially present an intriguing opportunity as the next cryptocurrency to explode, offering a learn-to-earn model and benefits for early investors.

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