The Bitcoin price rose 3% in the last 24 hours to trade at $65,142 as of 02:20 a.m. EST on trading volume that surged 49% to $37.4 billion.
The BTC price has made a strong comeback, reclaiming $65,000 after a rough patch that saw the king of cryptos shedding over 20% on August 5 and September 6.
As Uptober looms – a month that has favored BTC historically – market sentiment appears to be shifting
Bitcoin Price Prediction: Technical Indicators Signal Bullish Momentum
The Bitcoin price has been on an uptrend, trading within the rising channel pattern, as the bulls continue to push the price of Bitcoin upward, as the bulls capitalized on the $53,495 support zone, according to data from GeckoTerminal.BTC price is currently trading above the 50-period and 200-period moving averages, further supporting the bullish sentiment.Moreover, the RSI is at 65, which is near the overbought region .This indicates strong momentum but also suggests the price may face some resistance soon.However, since it’s not yet in the overbought zone, there could still be room for further upside.The MACD line is above the signal line , indicating a bullish crossover.This is a positive signal for the continuation of the upward trend.The green bars on the histogram also indicate that the price of Bitcoin is currently on positive momentum.
Bitcoin Price Prediction
According to the BTC/USD chart analysis, the price is within an ascending channel, with higher highs and higher lows forming a clear bullish structure. If the Bitcoin Price continues to respect this channel, it could move toward the resistance level near $70,000, as indicated by the arrow.
However, a breakdown below the lower channel support could signal a potential pullback, with support around the $63,262 level (aligned with the 50-period MA).
Meanwhile, investors are rushing to buy the new Solana GameFi project Mega Dice (DICE), which has amassed over $1.89 million in a presale that now has only 2 days left.
According to the 99Bitcoins YouTube channel, with more than 706k subscribers, $DICE could soar 100X after its launch.
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform with over 11,000 users who place more than $50 million in bets every month.
Users on the platform enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.
Its already utility-packed native token will add staking on launch, offering an Annual Percentage Yield currently estimated at 286%. About 29% of tokens have already been staked.
Adding to the excitement around $DICE is the $2.25 million airdrop campaign for active casino players. This three-season airdrop, currently in its final phase, is divided into three segments of $750K each.
Players must wager $15K or more between August 14 and October 2 to qualify. Those wagering with $DICE will receive a 15% bonus.
To join the presale, you can buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.