DailyBubble News
DailyBubble News

Bitcoin Price Prediction as Bulls Defend $61,000 Level – Here are Key Levels to Watch Next

The latest Bitcoin price prediction shows that the cryptocurrency is currently hovering around $61,154, with a slight 0.60% increase in the last 24 hours. Bitcoin has a strong trading volume exceeding $13 billion and a market cap nearing $1.2 trillion, indicating resilience as bullish investors aim to keep the price above the $61,000 support level.

The current price action for Bitcoin centers around a critical level of $60,975, suggesting a bearish prediction if Bitcoin remains below this level. If Bitcoin can maintain its position above this level, it may challenge resistance levels at $63,400, $65,050, and potentially $67,160, which could lead to further bullish momentum if broken convincingly.

On the other hand, Bitcoin has support levels at $59,075, $56,640, and $54,400. A drop below these levels could signal a bearish trend, increasing selling pressures and potentially causing more significant price declines.

Technical indicators offer a mixed view, with the Relative Strength Index (RSI) currently at 45, indicating a balance between buying and selling pressures. However, the 50-day Exponential Moving Average (EMA) at $61,875 suggests a bearish tone, signaling potential struggles for Bitcoin to maintain upward momentum unless it consistently closes above this moving average.

In summary, while there is potential for an upside if Bitcoin can overcome key resistance levels, challenges lie ahead due to its proximity to the 50 EMA and the neutral RSI. Traders should monitor whether Bitcoin can sustain support above $60,975 or if bearish pressures will prevail, potentially leading to a revisit of lower support levels.

The Mega Dice presale is nearing completion, having raised $913,229 with over 13.23 million $DICE tokens sold out of an available 14.7 million. This success highlights the increasing interest in crypto-integrated iGaming platforms like Mega Dice, which is making significant progress in the Web3 space.

As Ethereum continues to dominate the market with 63.42% market share and $54.3 billion in total value locked, Layer 2 solutions are crucial for enhancing scalability. Mega Dice stands out in the GambleFi sector by using its native $DICE token to transform the online gaming experience, offering players benefits like entry into exclusive competitions and access to a rewarding loyalty program.

With a buyback and burn strategy in place to maintain token scarcity and increase market value, Mega Dice is poised for growth as the presale nears its end. Potential investors are encouraged to stay updated on Mega Dice’s latest developments on platforms like Twitter and Telegram and consider participating in the presale before the price rises to $0.069 per $DICE token.

Please note that cryptocurrency is a high-risk asset class, and this article is for informational purposes only. It is not investment advice, and there is a risk of losing all invested capital.

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