Bitcoin Price Plunges as This Crypto Wallet ICO Closes at $5 Million

The price of bitcoin has plunged 3% in the last 24 hours to trade at $104,193 as of 3:05 a.m. EST, with trading volume up 12% to $95 billion.

This drop in bitcoin price comes as MicroStrategy co-founder and CEO Michael Saylor says incoming President Donald Trump is serious about creating a strategic bitcoin reserve.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.0628272251309″>

Michael Saylor simply says: “I think Trump is serious about a National Assembly <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Reserve.”

IT'S HAPPENING!!! pic.twitter.com/8xqnykmSss

— Vivek ✓ (@Vivek4real_) <a target="_blank" href="https://twitter.com/Vivek4real_/status/1868702884558455149?ref_src=twsrc%5Etfw”>December 16, 2024

Saylor added that all capital outside the US and all antiquated capital from the 20th century will flow into digital assets and the bitcoin network.

“The logical thing for the United States is to buy it now and own the future,” he said.

bitcoin Price Falls Along Parabolic Curve

bitcoin (btc) is currently <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>t<a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>grading in $<a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>103,976, reflecting a 2.03% drop or a drop of $2,155 points from the previous session. The chart highlights two significant support levels: $90,840 and a lower one near $80,000.00.

These levels have previously acted as strong zones where buying activity drove the price higher. On the positive side, a price target has been identified around $115,000which represents a key resistance level where bitcoin may face selling pressure if the uptrend continues.

<img fetchpriority="high" decoding="async" class="aligncenter wp-image-611194 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Plunges-as-This-Crypto-Wallet-ICO-Closes-at.png" alt="bitcoin price” width=”1281″ height=”545″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Plunges-as-This-Crypto-Wallet-ICO-Closes-at.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-18_13-57-21-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-18_13-57-21-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-18_13-57-21-768×327.png 768w” sizes=”(max-width: 1281px) 100vw, 1281px”/>

BTCUSDT Analysis Source: Tradingview

A bullish signal in the form of Golden Crosswhere the 50 day moving average (yellow) crosses over the 200 day moving average (green). This crossover indicates strong bullish momentum and a possible continuation of the uptrend. Furthermore, the price action follows a curved upward trend line, indicating consistent buying pressure over time.

Meanwhile, the Relative Strength Index (RSI)currently in 63.62suggests that bitcoin is in bullish territory but is not yet overbought as it remains below the 70 threshold. This gives bulls the opportunity to push bitcoin price higher before entering overbought conditions.

bitcoin Price Shows Positive Momentum Towards Dollar115,000.00 target, but traders should monitor support levels and the RSI for any signs of a possible price reversal or pullback.

Best Wallet pre-sale closes at $5 million

As the price of bitcoin takes a breather, some investors are turning to Best Wallet (BEST), a new crypto wallet token that has raised more than $4.8 million in pre-sale funding.

crypto YouTuber and influencer crypto ZEUS, who has over 81.9k subscribers, said that the BEST token could be the best wallet token to hold during the next bull run.

Best Wallet (BEST) is an innovative crypto wallet project designed to provide investors and traders with the tools necessary to securely store, manage and grow their crypto portfolios.

The wallet stands out for its non-custodial structure and multi-chain support, allowing users to manage assets across multiple blockchain networks securely. Additionally, users can unlock exclusive benefits by purchasing the platform's native BEST token.

Holding BEST tokens grants investors early access to promising new projects entering the cryptocurrency market, along with benefits such as reduced transaction fees, increased staking rewards, and participation in community governance.

However, it is the “Upcoming Tokens” feature that is attracting significant interest from investors. This feature highlights the most interesting pre-sales in the market, helping holders discover and capitalize on emerging opportunities.

It has already established a good track record and recently pointed out Catslap ($SLAP) to investors before its price went parabolic.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.25″>

Join Best Wallet and get all the tools you need to stay ahead.

With features like exclusive access to upcoming tokens and early adopter rewards, it's no surprise we're the fastest growing crypto wallet.

Download now https://t.co/he5kzra7TY pic.twitter.com/xf2pY03CZw

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1868627231741808886?ref_src=twsrc%5Etfw”>December 16, 2024

BEST is selling for $0.02325 right now and investors can purchase it using cryptocurrencies or bank cards. Buy before the price rises in just over 1 day to secure the best deal.

Visit BEST token.

Related articles:

Best wallet – manage your cryptocurrencies

• Access DeFi and Web3 Dapps across multiple chains
• Comes with its own OpenAI-powered chatbot assistant
• Get early access to upcoming token and ICO launches
• Integrated decentralized exchange to buy and trade cryptocurrencies
• Store cryptocurrencies and nfts with industry-leading security