Bitcoin Price Falls as This Crypto Wallet's ICO Surpasses $5.3 Million

The Relative Strength Index (RSI) is currently at 57.95, indicating moderate bullish momentum. This value means that the market still has room for an upward movement before reaching overbought conditions (above 70). Furthermore, the RSI signal line near 46.24 shows a possible bullish crossover, hinting at a bullish reversal in the near term.

The price action also reveals a well-defined rounded bottom formation observed between September and October, indicating a shift from bearish to bullish sentiment. The current price region is marked as a possible reversal zone, which could serve as a launching pad for bitcoin to retest and potentially break the $100,000 psychological barrier again.

The chart draws a price target of $120,000, indicating a bullish projection in the medium term. If bitcoin can hold the $93,428 support level, it will likely resume its uptrend and challenge the $100,000 resistance in the near term.

A successful break above this level could open the door for a rally towards $120,000, driven by strong market momentum and positive sentiment.

However, failure to hold support at $93,428 may result in a deeper correction, with the 200-day SMA at $70,444 providing the next significant price bottom.

Best Wallet pre-sale exceeds $5.3 million

Meanwhile, excitement is building around the pre-sale of Best Wallet ($BEST), which just surpassed $5.3 million in funding in its pre-sale.

According to crypto Gains, a well-known YouTuber and crypto analyst with over 141,000 subscribers, $BEST has the potential to skyrocket 10x when it launches.

Best Wallet is a cutting-edge Web3 platform that combines a decentralized exchange (DEX), wallet functionalities and practical tools for managing digital assets. Its elegant and intuitive user interface allows users to easily access decentralized financial (DeFi) activities from the wallet.

A standout feature is the “Upcoming Tokens” section, which highlights high-potential tokens before they hit the market. One example is Pepe Unchained ($PEPU), noted early to wallet holders before it surged 591% post-launch. Another is Catslap ($SLAP), which saw a staggering 3,091% surge after being featured early in Upcoming Tokens.

<a target="_blank" href="https://twitter.com/search?q=%24PEPU&src=ctag&ref_src=twsrc%5Etfw”>$PEPU The claim is now LIVE!

The wait is over! Now you can claim your <a target="_blank" href="https://twitter.com/search?q=%24PEPU&src=ctag&ref_src=twsrc%5Etfw”>$PEPU tokens directly within Best Wallet or by visiting the <a target="_blank" href="https://twitter.com/pepe_unchained?ref_src=twsrc%5Etfw”>@pepe_unchained website.

Claim Website: https://t.co/AtdfdNNPeV

Start claiming now! pic.twitter.com/A7KovigigB

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1866484662421635399?ref_src=twsrc%5Etfw”>December 10, 2024

Best Wallet also offers a 421% annual return on staked BEST tokens.

Right now, you can get $BEST tokens for just $0.0233. Interested investors should buy before the price rises in just under 3 hours to lock in the best deal.

Visit the BEST token.

Best wallet – manage your cryptocurrencies