Bitcoin just hit another major milestone in the last 24 hours, seeing its price officially reach a new all-time high (ATH). This time, the world’s largest cryptocurrency managed to climb to $99k.
Bitcoin Hits A New ATH
Bitcoin has recently achieved a new all-time high (ATH), reaching $99,518 on November 22, 2024 according to CoinMarketCap.
This surge is attributed to increased investor optimism following the U.S. elections and the anticipated departure of SEC Chair Gary Gensler, which is expected to lead to a more favorable regulatory environment for cryptocurrencies.
After reaching this peak, Bitcoin experienced a slight dip, stabilizing around $97,500. Technical analysis reveals that the cryptocurrency is currently consolidating, with support levels at $95,000 and resistance near $98,000.
While the price has definitely struggled to return to $94k, the coin’s Relative Strength Index value sits at 57, leaving more than enough room for growth for Bitcoin to return to the resistance, and maybe even hit a new ATH at some point during the day.
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However, market sentiment could shift and prevent that from happening, even though it could be a possibility from a technical standpoint.
Additionally, Bollinger Bands are narrowing, a pattern that often signals upcoming market volatility. This suggests that Bitcoin may experience significant price fluctuations soon, possibly testing the $100,000 mark. Investors are advised to closely monitor these technical indicators for signs of market shifts.
In the meantime, investors interested in less volatile assets have been doubling down on Flockerz (FLOCK) — a popular new meme coin ICO.
JOIN THE FLOCKERZ ICO WHILE ITS PRICE IS STILL LOW
Flockerz Lets You Earn By Helping It Make Important Decisions
One of Bitcoin’s strongest aspects is its community, with many of its members being major supporters for over a decade. This is the kind of community that every project would like to claim for itself, and Flockerz is no different. In fact, ensuring its community longevity and members’ participation is one of its major goals.
To achieve this, the project created a new model called Vote-To-Earn (V2E), which is meant to incentivize users to keep coming back to it and participate in the project’s governance.
Simply put, Flockerz is offering rewards to its community members each time they help the project reach a decision through the voting process. On top of that, it also offers massive staking rewards for those who choose to lock up their FLOCK tokens instead of spending them or selling them.
With a single investment, users can vote to earn FLOCK tokens, which can be further staked to maximize rewards. As such, Flockerz has made itself into a highly lucrative project, which contributed to investors’ interest in its token.
JOIN THE FLOCK ICO AND START EARNING THROUGH VOTING
This is why the FLOCK ICO blew up, raising over $2.9 million as of November 20, while FLOCK’s price still sits at $0.0061015 — only a fraction of a cent. You can join the ICO right now and buy some FLOCK with ETH, USDT, BNB, or credit/debit cards, and start voting, staking, and earning from the project’s mechanics.
