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Home»Business»Crypto
Crypto

Key Levels to Watch Next as Bulls Defend Bitcoin Price at $61,000

May 12, 2024No Comments2 Mins Read
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In the latest Bitcoin price prediction, the flagship cryptocurrency is hovering around $61,154, showing a slight 0.60% increase within 24 hours. Bitcoin’s trading volume exceeds $13 billion, with a market cap nearing $1.2 trillion, demonstrating resilience as bulls attempt to maintain the $61,000 support level. Bitcoin’s price action is currently centered around a pivotal point at $60,975, leading to a bearish price prediction if BTC remains below this level. Key resistance levels are set at $63,400, $65,050, and potentially $67,160, with support levels at $59,075, $56,640, and $54,400. Technical indicators offer a mixed view, with the RSI at 45, indicating an equilibrium between buying and selling pressures, while the 50-day EMA at $61,875 suggests a bearish undertone. Traders should monitor Bitcoin’s ability to maintain support above $60,975 to anticipate potential bullish or bearish movements in the market.

The Mega Dice presale is approaching its target, having raised $913,229 with over 13.23 million $DICE tokens sold out of 14.7 million available. This successful investment highlights the increasing interest in crypto-integrated iGaming platforms within the Web3 space, with Mega Dice making significant strides. Layer 2 solutions, aimed at enhancing Ethereum’s scalability, are influenced by market fluctuations. Ethereum currently holds a dominant 63.42% market share with $54.3 billion in total value locked, impacting the outcomes of Layer 2 solutions. In the field of GambleFi, Mega Dice differentiates itself by utilizing its native $DICE token to transform the online gaming experience, offering benefits such as entry into exclusive competitions and access to a loyalty program with generous rewards and VIP experiences. The platform has announced a buyback and burn strategy to maintain token scarcity and enhance market value. With the presale coming to a close and the next price stage approaching, potential investors are encouraged to stay updated on Mega Dice through platforms like Twitter, Telegram, and consider participating in the presale before the price increases to $0.069 per $DICE token.

Please note that crypto is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. Investors could potentially lose all of their capital when investing in cryptocurrencies.

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