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Bitcoin price up a fraction of a percent in the past 24 hours negotiable at $62,916 at 10:32 p.m. EST, even as trading volume fell 9% to $34 billion.
The announcement comes as MicroStrategy, led by Michael Saylor, announced that it has purchased an additional $458 million worth of Bitcoin. After purchasing 7,420 BTC, the company confirmed that it now holds a remarkable 252 BTC acquired at an average price of $39,266.
MicroStrategy acquired 7,420 BTC for approximately $458.2 million at approximately $61,750 per #bitcoin and achieved a BTC yield of 5.1% QTD and 17.8% YTD. As of 09/19/2024, we held 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. $MSTR
— Michael Saylor⚡️ (@saylor) September 20, 2024
Bitcoin Price Is In An Uptrend: Could It Continue?
Bitcoin price capitalized on the cup and handle pattern and $58,000 support to push the price higher, according to data from Terminal Gecko.
BTC is now trading above the 50-day and 200-day simple moving averages (SMA), confirming the sustained uptrend.
Additionally, the Relative Strength Index (RSI) appears to be bouncing back above the 60 zone as it heads towards the overbought 70 region, confirming that the asset is currently under intense buying pressure.
The continued positive trajectory is also supported by the Moving Average Convergence Divergence (MACD), which is now rising above the neutral zone.
If the positive trend continues, Bitcoin price could surge further, with BTC price bulls targeting $67,000.
However, if bears take advantage of the price at this level, BTC could plunge back towards the 200-day moving average, currently at $59,229.
Meanwhile, investors are flocking to new meme coin casino project Memebet Casino (MEMEBET token)which has raised over $260,000 since its pre-sale launch just over a week ago.
Cryptonews, a popular crypto YouTube channel with over 10,000 subscribers, predicts that the $MEMEBET token could see a 100x surge after its launch.
Memebet Token Surpasses $260,000 in One Week – What’s the Best Crypto to Buy Now?
Since its launch last week, Web3’s first meme coin casino has raised over $260,000 as whales rushed to buy in at rock-bottom fixed prices.
The project straddles two high-growth segments: online casinos and meme coins, and specifically targets degenerate gamblers.
This is not the casino we deserve, but the casino we need 🎰 #MemeBet #Presale & #Airdrop Coming soon! 🚀 #Memecoins, #Crypto games and more! 🎮🏆 $COIN DOG $PEPE #GROUND #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
By purchasing MEMEBET tokens, players can unlock huge P2E airdrop gifts, special degeneration rewards, and exclusive VIP benefits.
Upon launch, the Memebet Token platform will accept meme coins for betting on casino games, slots, and sports betting – a feature that no GambleFi platform has offered before.
The platform offers a variety of casino games, meme coin betting options, high stakes games, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other top meme coins.
Players who bet using the $MEMEBET token earn additional rewards through the platform game system to win.
To participate in the presale, you can buy $MEMEBET token on the official website for $0.0252 using USDT, ETH or a credit card. With a price hike coming in less than 40 minutes, buy quickly to get the best deal.
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