Bitcoin (BTC) Price Could Still Surge as Mega Dice (DICE) Presale Garners Over $1.7 Million

The Bitcoin price has been in a consolidation phase since August 8, as BTC trades on a sideways pattern within the $61,000 resistance and the $56,665 support zone

Bitcoin’s price dropped 3% in the last 24 hours to trade at $59,553 as of 03:18 a.m. EST on trading volume that fell 7% to $27 billion.

This comes as an address linked to the defunct crypto exchange Mt. Gox moved 13,265 BTC, now valued at $784 million.

However, according to Alex Thorn, head of research at Galaxy Digital, the latest batch of on-chain movement of BTC may not result in significant selling pressure.

CORRECTION — in a prior tweet i said mt gox tx’d $1.5bn onchain. it was half that — $700m. (sorry, i misread my alerts)

AND, we now think that of the 13,265 BTC moved in this tx, only 1,265 ($74.5m) is meant to distro, w/ 12,000 going to estate fresh cold storage

so, very small

— Alex Thorn (@intangiblecoins) August 21, 2024

Bitcoin’s price has been in a consolidation phase since August 8, as BTC trades on a sideways pattern within the $61,000 resistance and the $56,665 support zone, according to data from GeckoTerminal.

BTC has now crossed above the 50-day Simple Moving Average (SMA), which suggests that Bitcoin’s price is likely to be in an uptrend in the short term.

Moreover, the Relative Strength Index (RSI) also seems to be recovering from the 50-midline level, currently at 51, as it indicates a growing buying pressure.

If the buying continues, the Bitcoin price could breach the upper boundary of the sideways pattern. The bulls aim to break past the 200-day SMA at $62,255 as they target $64,000.

However, if the price of Bitcoin breaches the lower boundary of the pattern at $56,645, BTC could plunge further to find support around $54,635.

Meanwhile, as the Bitcoin price aims for a bullish rally, other investors are quickly buying a new GameFi token on Solana called Mega Dice (DICE) that the prominent YouTube channel 99Bitcoins says could soar 100X after launch.

Mega Dice Presale Garners Over $1.7 Million

The Mega Dice presale is closing in on $2 million in funds raised in its presale.

Mega Dice’s influence in crypto gaming is evident with its growing player base of over 50,000, who wager an average of over $50 million monthly.

Our community's creativity shines in this stunning video featuring $DICE ?

$DICE – #1 GameFi project on #SOLANA! ?

There's something for everyone at Mega Dice Casino! ?

Join now ?https://t.co/pzizhtZ2pS pic.twitter.com/URjfXHFvae

— Mega Dice Casino (@megadice) July 29, 2024

Users on the platform also enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.

Token holders can also earn rewards through staking, receiving daily payouts based on the casino’s profits.

Mega Dice also offers NFTs for VIP players and a 25% referral commission to further drive engagement and participation on the platform.

To join the presale, you can buy $DICE on the official website here for $0.110529 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.

Related News

The above is the detailed content of Bitcoin (BTC) Price Could Still Surge as Mega Dice (DICE) Presale Garners Over $1.7 Million. For more information, please follow other related articles on the PHP Chinese website!