Bitcoin price surged almost 3% in the last 24 hours, reaching $62,026 as trading volume increased by 15% to $45.6 billion.
Bitcoin Price Growth
In recent days, Bitcoin has shown a sustained trend since early September. According to GeckoTerminal data, BTC price breached the $60,700 resistance forming a 'cup and handle' pattern. Currently, Bitcoin trades above both the 50-day and 200-day Simple Moving Averages (SMA), indicating a bullish trend. The Relative Strength Index (RSI) is nearing the overbought region, showing heightened selling pressure. The MACD indicator also signals bullish momentum with a crossover above the signal line.
Bitcoin Price Prediction
Bitcoin price analysis shows positive trajectory based on key indicators such as RSI and MACD. The 50-day SMA has crossed above the 200-day SMA, forming a 'golden cross' at $59,000, indicating bullish prospects. If the trend continues, Bitcoin price could rise further with bulls targeting $66,000. However, if bears gain control, a correction down to the $58,500 support zone is possible.
Crypto All-Stars Presale Raises $1.39 Million
The presale of the new cryptocurrency Crypto All-Stars has attracted investors, raising over $1.39 million in early funding. The main advantage of Crypto All-Stars is the ability to stake popular meme cryptocurrencies such as Pepe, Dogecoin, Shiba Inu, and others through the unique MemeVault protocol. Investors can also stake $STARS tokens for an annual percentage yield (APY) of 1,095%.
The cryptocurrency market continues to show significant movements. Bitcoin demonstrates consistent growth, while new projects such as Crypto All-Stars attract investor attention.
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