The Bitcoin price rose 3% in the last 24 hours to trade at $56,679 as of 00:27 a.m. EST on trading volume that soared 56% to $33 billion.
This comes after MicroStrategy’s co-founder and chairman Michael Saylor said on Sept. 9 that the Bitcoin price will soar to $13 million within 21 years.
MicroStrategy holds 1% of the total supply of BTC now, making it the biggest public holder of the asset.
Saylor said Bitcoin currently accounts for 0.1% of the capital in the world, and he sees that surging to 7%.
Bitcoin Price Prediction: BTC To Continue Soaring
The Bitcoin price has been on a continued downtrend in September, dropping within a falling channel pattern. Despite dropping below the channel’s lower boundary, BTC has recently picked up momentum from the $53,507 support, soaring past the channel’s upper boundary.
The recent uptrend has propelled the price of Bitcoin above the 50-day Simple Moving Average (SMA), which shows that the price of Bitcoin may be heading towards an uptrend. However, the 200-day SMA still remains a challenge for the bulls, acting as the immediate resistance level at $59,227.
Meanwhile, the Relative Strength Index (RSI) is rebounding from the 50-midline level, currently at 59 as it prepares for a breakout towards the 70-overbought region.
The Moving Average Convergence Divergence (MACD) confirms the looming price rally, as it moves above the neutral line. The blue MACD line also crosses above the orange signal line, signaling a potential uptrend.
BTCUSDT Chart Analysis (Source: Tradingview)
Bitcoin Price Bulls Targeting Price Above $60,000
According to the BTCUSDT 4-hour chart analysis, the Bitcoin price is currently on a bullish trend reversal as the bulls push the BTC price above the falling channel pattern. If the price of Bitcoin soars above the channel, the bulls are currently targeting $61,100.
In an inverse scenario, however, BTC could plunge back to the major support around $50,700.
Meanwhile, investors are rushing to buy the new Solana GameFi project Mega Dice (DICE) , which has only 7 days left until its presale ends.
According to the YouTube crypto channel 99Bitcoins, with over 706K subscribers, DICE has the potential to soar 100X after its launch.
GameFi Sensation Mega Dice Zooms Past $1.79 Million
Mega Dice is shaking up the crypto gaming landscape after raising $1.79 million in its presale.
Mega Dice is an innovative online casino platform that recently launched its native token, DICE. The project was developed to enhance the casino gaming experience by integrating traditional casino elements with the benefits of blockchain technology.
The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players and exceeding $50 million in monthly wagers. Players enjoy over 4,000 casino games and 50 sports and eSports betting options.
In addition, there’s seamless integration with the popular TON Wallet on Telegram, which means the ability to manage your funds has never been easier.
Token holders also stand to share in the casino’s profits daily through its unique staking system.
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.
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