Bitcoin Price Drops 2% as This Wallet Token ICO Closes at $8 Million

bitcoin price has fallen 2% in the last 24 hours to trade at $102,628 as of 3:30 a.m. EST, with trading volume down 20% to $61 billion.

This drop in btc price comes despite BlackRock CEO Larry Fink predicting that bitcoin could skyrocket to $700,000 per coin, fueled by small 2% to 5% allocations by asset managers. and amid fears of currency devaluation.

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JUST IN: $11.5 Trillion BlackRock CEO Larry Fink says bitcoin could rise to $700,000 if there is further fear of currency debasement and economic instability.
pic.twitter.com/V58UQHkEbU

– Bark (@barkmeta) <a target="_blank" href="https://twitter.com/barkmeta/status/1882098367758835764?ref_src=twsrc%5Etfw”>January 22, 2025

Fink described bitcoin as an international instrument to counter concerns of economic or political instability, but clarified that he was not promoting it. Fink also warned of persistent inflation risks over the next year, cautioning against assumptions that inflation has already peaked.

bitcoin price experiences slight decline

btc/USDT price action in the 1-day period indicates a strong bullish trend as bitcoin currently <a target="_blank" style="background-color: var(–bs-body-bg);font-family: var(–bs-body-font-family);font-size: var(–bs-body-font-size);font-weight: var(–bs-body-font-weight);text-align: var(–bs-body-text-align)" href="https://www.coingecko.com/en/coins/bitcoin” target=”_blank” rel=”noopener”>listed at $102,628. Key support levels are $101,000 and a secondary level below $96,500. These levels serve as safety zones in case of a bearish correction.

A well-defined rising trend line indicates steady upward momentum from late 2024. Historically, a falling wedge pattern in August acted as a reversal indicator, leading to the ongoing bullish rally. The current price target is around $110,000, indicated by a green arrow, indicating a possible breakout in the coming days.

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BTCUSDT Analysis Source: TradingView

The simple moving averages (SMA) also support the bullish narrative. A major bullish crossover occurred in October, marking the beginning of the uptrend. These SMAs now act as dynamic support levels, further stabilizing the price.

Furthermore, the Relative Strength Index (RSI) is also at 56.51, indicating strong bullish momentum while remaining below the overbought threshold of 70. This suggests that bulls have more opportunities to push bitcoin price higher. .

The LuxAlgo indicator has generated multiple buy signals (marked “B”) throughout the trend, reaffirming the bullish sentiment. Trendline breakouts above key resistance levels suggest strong market sentiment. However, if the price falls below $101,000, there could be a pullback to $96,500.

bitcoin price action appears poised for further growth if it can overcome the $110,000 resistance. A successful breakout could see the price rise towards $115,000 or even $120,000. On the contrary, failure to hold the current support levels could lead to a bearish correction.

The pre-sale of the best wallet closes with $8 million. Best cryptocurrency to buy now?

bitcoin price remains generally bullish. However, as the price prepares for another bullish rally, investors are flocking to this Best Wallet (BEST) pre-sale, bringing the project's initial raising to over $7.9 million.

Best Wallet is an all-in-one platform designed to help users navigate the Web3 world. It combines features like a decentralized exchange (DEX), wallet management, and tools to make handling crypto assets simpler and more efficient.

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Built for simplicity, driven by innovation.

Best Wallet is your all-in-one solution to manage, trade and track cryptocurrencies. Unlock exclusive access to powerful tools and ALPHA on the hottest new projects!

Download now https://t.co/he5kzra7TY pic.twitter.com/tk0loLzzId

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1881310792215040167?ref_src=twsrc%5Etfw”>January 20, 2025

What sets it apart is the “Upcoming Tokens” section, where users can spot promising tokens before they are released. The wallet has already proven itself by identifying tokens like pepe Unchained (PEPU) and Catslap (SLAP), which has generated huge profits for early investors.

One of the top picks in the “Upcoming Tokens” section is Solaxy (SOLX), a new meme coin based on Solana and the first layer 2 solution on the Solana network, which has already raised over $13.6 million in its pre-sale. .

Furthermore, BEST token holders can now stake their tokens to earn an impressive 228% annual return.

An analyst at the popular YouTube channel 99Bitcoins, with more than 719,000 subscribers, called BEST a potential game-changer.

Users can also participate in the Best Wallet airdrop by completing simple tasks to earn BEST tokens and increase their rewards.

To join the pre-sale, you can purchase BEST tokens for $0.0237 each.

Buy BEST tokens here ahead of a pre-sale price increase scheduled in less than 14 hours.

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Best wallet – manage your cryptocurrencies

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