BTC Price Analysis as Traders Watch This ICO Marks Hot Pre-Sales

The price of bitcoin rose a fraction of a percent in the last 24 hours to trade at $97,674 at 02:25 am EST, with trading volume falling 21% to $113 billion.

This comes as Microsoft shareholders recently rejected a proposal to invest in bitcoin, despite predictions of significant market growth. MicroStrategy CEO Michael Saylor had previously floated the proposal, advocating that Microsoft diversify its portfolio by allocating a portion of its reserves to bitcoin.

Despite its optimistic outlook, Microsoft's board of directors warned against the plan, citing concerns about potential risks and volatility.

Meanwhile, bitcoin continues to attract massive attention from individuals and companies, including Ray Dalio, founder of Bridgewater Associates, who sees bitcoin and gold as stores of value that help investors move away from debt and toward hard money.

Additionally, Goldman Sachs CEO David Solomon stated that the firm could consider trading bitcoin and ethereum if US regulations change, noting that while bitcoin is currently a speculative asset, growing interest in cryptocurrencies may create new opportunities. for the company.

bitcoin price points to bullish rally

He <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>bitcoin price The chart shows a strong bullish trend overall, particularly in recent months. After a prolonged sideways consolidation phase between August and November 2024, within the $62,000 level next to the purple rectangle), the price broke decisively and has been making higher highs and higher lows since then.

Currently, bitcoin price is consolidating within an ascending channel pattern (yellow lines) near the $100,000 psychological resistance level, according to data from <a target="_blank" href="https://www.geckoterminal.com/eth/pools/0x9db9e0e53058c89e5b94e29621a205198648425b”>Terminal Gecko. This pattern often indicates a possible slowdown or correction, but can also lead to the continuation of strong bull markets.

As bitcoin price trades well within the confines of the ascending channel pattern, btc is still holding above the 50-day and 200-day simple moving averages (SMA), showing that the asset could still shoot higher.

Meanwhile, the Relative Strength Index (RSI) is currently at 58.48, indicating neutral to slightly bullish momentum. This suggests that the price is not yet overbought, leaving room for further upside.

The main resistance is around the $100,000 level. A clear break above this level with volume could open the door for further upside as bulls target $105,000 in the long term.

However, if the bears take over the price, btc could fall again, where key support levels include $92,000 (lower wedge support) and the 50-day SMA at $85,743.

Meanwhile, investors are also jumping into pre-sales of Best Wallet ($BEST)which according to ClayBro, a popular crypto analyst on YouTube with over 132,000 subscribers, “could be the best crypto wallet of 2025.”

Best Wallet pre-sale accumulates more than $3.3 million

Best Wallet has become a magnet for investors, surpassing $3.3 million in seed funding and solidifying its position as a top Web3 wallet.

Best Wallet is a Web3 crypto wallet that offers advanced features and an intuitive interface, differentiating itself from traditional wallets. Allows users to access exclusive tools like “Upcoming Tokens” for high potential pre-sales.

Upcoming Tokens are an innovative tool that could give investors a valuable advantage in the crypto space. By allowing them to participate in potentially high-value investments before they reach the mainstream, it positions these investors at the forefront of the fast-paced and ever-evolving cryptocurrency market.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.134228187919″>

No more missing the initial stage <a target="_blank" href="https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto projects!

With Best Wallet's Upcoming Tokens feature, you can easily browse, learn, and purchase pre-sale tokens right from the app!

Download now! https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1850145407763873939?ref_src=twsrc%5Etfw”>October 26, 2024

The meme coin Slap ($SLAP)that appeared on the app, rose 4,900% after launch, cementing Best Wallet's reputation as a go-to platform for uncovering hidden cryptocurrencies.

Traders can also stake BEST tokens to earn a whopping 853% Annual Percentage Yield (APY).

$BEST is priced at $0.023075 right now. If you are interested, buy before the price goes up in less than 2 days.

Join the pre-sale at BEST Token official website here.

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