Bitcoin Price Prediction: As North Carolina House Speaker Files Bill To Invest In Bitcoin ETPs, This New Meme Coin Gives Investors The Chance To Earn Free BTC
Summary
The Bitcoin price rose 1% in the last 24 hours to trade at $98,133 as of 12:32 a.m. EST on trading volume that surged 25% to $35 billion.The uptick in the BTC price comes as Destin Hall, a North Carolina House speaker, has introduced the NC Digital Assets Investments Act, which aims to diversify the states investments by allowing the treasurer to include digital assets in its portfolio. Qualifying crypto assets must have a minimum market capitalization of $750 billion over the last 12 months as well as their own ETPs (exchange-traded products).So far, Bitcoin is the only crypto that meets the bills requirements.The BTC price daily chart showcases a strong bullish trend that started in late October, followed by a consolidation phase around the $94,400$108,000 range.This pattern suggests that the market is in a temporary accumulation zone, waiting for the next directional move.The Bitcoin price is currently consolidating around the 50-day Simple Moving Average (SMA), suggesting indecision, according to GeckoTerminal data. However, BTC remains well above the 200-day SMA, reinforcing the overall bullish trend.The RSI is slightly below the neutral 50 level at 47, indicating that momentum has weakened but is not in oversold territory. A strong move above $110,000 might trigger another rally toward $120,000, continuing the previous uptrend.However, if the price of Bitcoin falls below the $90,000$95,000 support zone, it could retrace towards the 200-day SMA ($79,000) before finding new support.As the BTC price surges, investors are buying a new alternative, BTC Bull (BTCBULL), which Alessandro De Crypto, a prominent YouTuber with over 14.4k subscribers, says could see massive gains.BTC Bull Token Presale Garners Over $549K A Few Hours After InceptionBitcoin is the best-performing asset in history, with an AAR (Average Annual Return) of 230%, resulting in a price increase of over 200 million percent since its inception.However, if you missed this opportunity in 2009, no worries, as BTC Bulls introduces real Bitcoin airdrops.Bitcoin is poised for substantial growthprojected to rise from $100k to $250k and ultimately beyond $1m. None Wall Street Pepe Presale Ends Early After WEPE Tokens Soak Up More Than $73M None SOL Plunges 6% As Investors Flock To This SOL Layer-2 Meme Coin Presale None LTC Surges 13%, While This Crypto Wallet ICO Heads For $10 Million