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</div></div></div><p><span style="font-weight: 400;">The price of Bitcoin has dropped by 2% in the past 24 hours </span><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed"><span style="font-weight: 400;">trading at $67,431</span></a><span style="font-weight: 400;"> as of 03:27 a.m. EST, with trading volume increasing by 44% to $37.8 billion.</span></p>
<p><span style="font-weight: 400;">This decline follows backlash from Bitcoin enthusiasts towards MicroStrategy co-founder Michael Saylor, who made suggestions about using “too big to fail” financial institutions for Bitcoin custodianship, contrasting his previous advocacy for self-custody.</span></p>
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<p><span style="font-weight: 400;">In a recent interview on October 21 with financial markets reporter Madison Reidy, Saylor implied that Bitcoin holders have no downside in moving their BTC to institutional entities.</span></p>
<p>He described an investor who fears state-sanctioned Bitcoin confiscation as a “paranoid crypto anarchist.”</p>
<h2>Bitcoin Price Indicators Continue to Signal Bullish Momentum</h2>
<p><span style="font-weight: 400;">The Bitcoin price has been consolidating since August, with bulls finding it challenging to break above the $65,400 resistance, according to data from </span><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">. Recently, BTC has managed to break out of this sideways trend, setting its sights on a further rally above the upper limits.</span></p>
<p><span style="font-weight: 400;">Currently, BTC trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish outlook.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index sits slightly below the 70-overbought level, currently at 60, indicating there may still be opportunities for bulls to invest before another upward movement.</span></p>
<p><span style="font-weight: 400;">If the price continues to rise, bulls could drive Bitcoin to its long-term target of $80,000.</span></p>
<figure id="attachment_590109" aria-describedby="caption-attachment-590109" style="width: 1167px" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-590109" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-83x40.png 83w" data-lazy-sizes="(max-width: 1167px) 100vw, 1167px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png"/><img decoding="async" class="size-full wp-image-590109" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-22_10-27-57-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px"/><figcaption id="caption-attachment-590109" class="wp-caption-text">BTCUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<p><span style="font-weight: 400;">On the other hand, should bears take control, the Bitcoin price could fall back to the lower support level at $56,400.</span></p>
<p><span style="font-weight: 400;">As Bitcoin's price drops, investors seeking new prospects might want to explore a new meme coin ICO called</span> <span style="font-weight: 400;">Flockerz (FLOCK)</span><span style="font-weight: 400;">, which has successfully raised over $971k and boasts an impressive Annual Percentage Yield (APY) of 1,738%.</span></p>
<h2>Flockerz Presale Approaches $1 Million Milestone</h2>
<p><span style="font-weight: 400;">Flockerz is focused on creating a project where the community plays a central role in decision-making, even rewarding participation through a Vote-to-Earn (V2E) mechanism.</span></p>
<p><span style="font-weight: 400;">Flockerz aims to redefine decentralization with its community-oriented governance model, Flocktopia. Unlike other projects where decisions are made by a select few, FLOCKERZ opens governance to all token holders.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="5.3925925925926">
<p lang="en" dir="ltr">The flock is soaring! We’ve officially surpassed $300K! <a href="https://t.co/MsLc5PeoyX">pic.twitter.com/MsLc5PeoyX</a></p>
<p>— Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1840049282889724227?ref_src=twsrc%5Etfw">September 28, 2024</a></p></blockquote>
<p><span style="font-weight: 400;">Within Flocktopia, decisions regarding the project's future are made collectively by “The Flock,” comprising the community of $FLOCK holders. Every member has a vote, creating a genuinely decentralized and inclusive environment.</span></p>
<p><span style="font-weight: 400;">In addition to V2E rewards, users can earn passively through the platform’s</span> <span style="font-weight: 400;">staking feature</span><span style="font-weight: 400;">, which offers a remarkable annual yield of 1,738%.</span></p>
<p><span style="font-weight: 400;">To participate in the presale,</span> <span style="font-weight: 400;">you can purchase $FLOCK on the official website here</span><span style="font-weight: 400;"> for $0.0058394 per token using BNB, ETH, or USDT. Purchases can also be made with a bank card.</span></p>
<p><span style="font-weight: 400;">Make your purchase before the price increases in less than 3 days to secure the best rate.</span></p>
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</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Bitcoin Price Falls 2% as Bitcoiners Criticize Saylor’s Views[embed]https://www.youtube.com/watch?v=DevkAbG1mGc[/embed]
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