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</div></div></div><p><span style="font-weight: 400;">The Bitcoin price surged nearly 4% in the past 24 hours </span><a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed"><span style="font-weight: 400;">trading at $62,759</span></a><span style="font-weight: 400;"> as of 11:12 p.m. EST, supported by a 1% increase in trading volume to $30 billion.</span></p>
<p><span style="font-weight: 400;">This shift follows comments from MicroStrategy co-founder Michael Saylor, who stated that the company is looking to establish itself as a "Bitcoin bank" targeting a valuation of $1 trillion.</span></p>
<h2>Bitcoin Price Targets a Sustained Bullish Trend</h2>
<p><span style="font-weight: 400;">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;"> reveals that the Bitcoin price has been in a consolidation phase since early September, fluctuating between $57,000 and $66,000 resistance levels.</span></p>
<p><span style="font-weight: 400;">Recently, BTC rebounded from the Fair Value Gap (FVG) near $59,000, reinforcing the bullish movement as it surpassed the resistance at $62,500.</span></p>
<p><span style="font-weight: 400;">The value of Bitcoin currently stands above both the 50-day and 200-day Simple Moving Averages (SMAs), further substantiating the optimistic outlook.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) has risen above the midline level of 50, presently at 57 and climbing, indicating that bulls have the advantage.</span></p>
<p><span style="font-weight: 400;">The Moving Average Convergence Divergence (MACD) also reinforces the bullish trend as it crosses the neutral line, with the blue MACD line moving above the orange signal line, signifying positive momentum for BTC.</span></p>
<figure id="attachment_586546" aria-describedby="caption-attachment-586546" style="width: 1273px" class="wp-caption alignnone"><picture decoding="async" class="size-full wp-image-586546">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11.png.webp 1273w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-300x129.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-1024x441.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-768x331.png.webp 768w" sizes="(max-width: 1273px) 100vw, 1273px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1273" height="548" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-300x129.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-1024x441.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-12_06-12-11-768x331.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"/>
</picture>
<figcaption id="caption-attachment-586546" class="wp-caption-text">BTCUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<h2>Bitcoin Price Forecast</h2>
<p><span style="font-weight: 400;">As per the BTC/USD chart examination on the 4-hour timeframe, Bitcoin’s price could potentially continue to ascend as bulls strive to elevate BTC to the next resistance level at $66,000 in the upcoming days.</span></p>
<p><span style="font-weight: 400;">Conversely, should the bears take control at this juncture, the Bitcoin price might retrace to the $60,000 support area at the upper limit of the FVG.</span></p>
<p><span style="font-weight: 400;">As the Bitcoin price seeks a bullish momentum, some investors are pivoting to presale meme coins such as the recently introduced </span><span style="font-weight: 400;">Flockerz (FLOCK)</span><span style="font-weight: 400;"> for additional growth opportunities.</span></p>
<h2>New Presale Flockerz Secures Over $644K</h2>
<p><span style="font-weight: 400;">With a novel approach through its Vote-to-Earn (V2E) platform, </span><span style="font-weight: 400;">Flockerz</span><span style="font-weight: 400;"> has successfully garnered over $644K during its presale.</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>Investors are gravitating towards Flockerz’s presale as it empowers the community, making them the key decision-makers of the project unlike many other meme coins.</p>
<p>With its pioneering V2E framework, Flockerz grants authority to its community, allowing participants to guide the project’s future and earn rewards for their contributions.</p>
<p>This transition is further supported by the introduction of FlockTopia, a platform that revolutionizes decentralization by ensuring that crucial decisions regarding the token's future are determined by the community rather than a select few.</p>
<p><span style="font-weight: 400;">The innovative V2E structure compensates community members for their involvement, enabling holders to earn $FLOCK tokens simply by voting on the project's future direction.</span></p>
<p><span style="font-weight: 400;">Besides V2E incentives, users can also benefit passively via the platform’s</span> <span style="font-weight: 400;">staking feature</span><span style="font-weight: 400;">, which boasts an impressive annual percentage yield (APY) of 2,714%. More than 66 million $FLOCK tokens have already been staked.</span></p>
<p><span style="font-weight: 400;">As noted by 99Bitcoins, a prominent YouTube channel with over 706K subscribers, $FLOCK has the potential to increase by 100X post-launch.</span></p>
<noscript></noscript>
<p><span style="font-weight: 400;">To participate in the presale,</span> <span style="font-weight: 400;">purchase $FLOCK on the official website for $0.0057469 per token using BNB, ETH, USDT, or bank cards. Act quickly to secure the best price before the increase in less than 24 hours.</span></p>
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</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Bitcoin Rises 4% as MicroStrategy Targets $1T Valuation, New ICO[embed]https://www.youtube.com/watch?v=o0OSkCqnm9k[/embed]
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