Bitcoin price flirts with $100,000, experts say: consider this ICO

bitcoin price jumped more than 2% in the last 24 hours to trade at $99,0044.08 at 6:16 am EST.

The price of btc was able to overcome the $100,000 barrier in the last 24 hours to shoot up to $100,781.59. It has since retreated below the psychological level, but is still up more than 5% in the 7-day period.

bitcoin price hovers near the $100,000 mark

4-hour chart for btc/USDT (Source: <a target="_blank" href="https://www.tradingview.com/x/Q1hqlQqX/”>TradingView)

He bitcoin The price is trying to convert the $100,000 resistance level into support while trading in a positive price channel. If the leading cryptocurrency manages to close a 4-hour candle above this technical barrier in the next 12 hours, btc could continue to rise and reach $102,674.45 in the near term.

However, a rejection of the $100,000 resistance level could stall bitcoin price and invalidate the bullish thesis. In this alternative scenario, traders could begin taking short positions in cryptocurrencies. btc could then end up testing the support at $97,840.71. A break below this mark could be followed by bitcoin price rising to $96,447.20.

Technicians warn that bitcoin price will drop

From a technical point of view, the indicators on the btc 4-hour chart warn that the price of bitcoin could fall in the coming hours. First, a major bearish technical signal is about to be triggered by the Relative Strength Index (RSI).

In the past few hours, RSI readings have dropped from the high 70s to the low 60s. Now, the RSI line is about to cross below its simple moving average (SMA) line. If these technical indicators intersect in the coming hours, it could indicate that sellers have taken control of the bitcoin price.

Meanwhile, the moving average convergence divergence (MACD) line is collapsing towards the MACD signal line. Traders could interpret the narrowing gap between the two lines as an early sign of a bearish shift in btc momentum. If the MACD line continues to fall, it could also fall below the Signal line to indicate that the bitcoin The price has entered a negative cycle.

As btc attempts to establish a position above $100,000, investors are piling into a new pre-sale token called Best wallet (BEST). YouTuber crypto Gains, with over 141,000 subscribers, says BEST has the potential to grow 10x after its launch.

The only wallet investors need to store, grow and protect their crypto assets

Best Wallet is the ultimate cryptocurrency custody solution, offering users multiple features that allow them to store, grow and protect their digital assets, all within a single app. The wallet is a self-custody solution. This means that users are the only people who have access to their private keys, ensuring the highest degree of security possible in the Web3 sector.

Some of the main features available within the app include the ability to instantly swap between tokens on over 60 blockchains, the option to stake cryptocurrencies for passive income, and the ability to participate in the growing iGaming space.

Perhaps the most popular feature within the Best Wallet app is the “Upcoming Tokens” section, which flags emerging cryptocurrencies with high growth potential. Two recent tokens that were marked by this feature are Slap (slap) and Unchained Baby (PEPU)both meme coins that skyrocketed after the launch.

There are also additional features and benefits available to anyone who purchases BEST tokens, including reduced transaction fees, early access to new projects, increased staking rewards, and the option to participate in project governance.

Best Wallet Raises Over $7.2 Million Through Parabolic Pre-Sale

Best Wallet has already caught the attention of investors, with its ICO surpassing $7.2 million. In addition to the additional benefits and features offered to BEST holders, another possible reason for the high levels of interest at this early stage could be the 251% APY offered to pre-sale investors staking their BEST tokens.

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– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1879566823751909394?ref_src=twsrc%5Etfw”>January 15, 2025

Anyone can unlock these attractive passive crypto rewards. The first step is to purchase BEST using the simple purchase widget integrated into the project website.

BEST, which sells for $0.023625, can be purchased with both cryptocurrency and bank card. Buy before a price increase in less than 38 hours.

Visit BEST here.

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Best wallet – manage your cryptocurrencies

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