Bitcoin Price Prediction
Bitcoin (BTC/USD) is currently trading at $64,900, having broken below the upward trendline that was supporting it near $65,800.
This breach has significant implications for BTC’s near-term price action. Immediate resistance is identified at $66,636, with further resistance levels at $67,514 and $68,842.
On the support side, immediate support is at $64,689, followed by $63,692 and $62,524.
The technical indicators present a bearish outlook. The RSI stands at 33.02, indicating oversold conditions, which might suggest the potential for a further decline.
The 50-day Exponential Moving Average (EMA) is positioned at $66,636, reinforcing the resistance at this level.
The recent price action, with candles closing below $65,800, suggests further downside movement.
This could drive the BTC price towards $63,700 or even lower to $62,500, given the current market sentiment and technical setup.
Conclusion: The strategy is to sell Bitcoin below $65,500.
If Bitcoin holds above this level, consider the possibility of a reversal. However, the current indicators and price movements suggest a bearish trend in the near term.
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Memegames ($MGMES) Presale: An Exciting New Meme Coin on the Horizon
Within just three days of its launch, Meme Games ($MGMES) has raised around $300k, indicating strong investor interest. Priced at $0.0091 per token, $MGMES is already generating significant excitement.
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Presale and Future Prospects
Meme Games is set to list on decentralized exchanges (DEX) by September 10. As the listing date approaches, the token price is expected to rise significantly.
The presale offers a great entry point for investors looking to capitalize on this potential growth. With a market cap target of $792,208, the $MGMES presale is well on its way to success.
Don’t miss out on the Meme Games presale. Secure your $MGMES tokens now at $0.009 each before the price increases.
Visit the Meme Games website to participate in the presale and stay updated on the project’s progress by joining their community on X and Telegram. The smart contract has passed a full audit by SolidProof, ensuring the security and reliability of your investment.
