Bitcoin Price Rises as Expert Says This Crypto Wallet Will Skyrocket

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bitcoin price rose 1% in the last 24 hours to trade at $96,529 at 3:20 am EST with a 44% increase in trading volume to $42 billion.

This surge in btc price comes as bitcoin celebrates the 16th anniversary of its Genesis Block on January 3, 2025, a cornerstone of the cryptocurrency revolution.

Created by the enigmatic Satoshi Nakamoto, the Genesis Block was mined on January 3, 2009, introducing the first 50 Bitcoins and incorporating the historic message: “The Times 03/Jan/2009 Chancellor on the verge of a second bailout for banks.”

On this day in 2009, Satoshi Nakamoto mined the bitcoin Genesis Block, also known as Block 0.

A historical moment that marks the beginning of bitcoin. pic.twitter.com/ORZJ25EXRY

-Trezor (@Trezor) <a target="_blank" href="https://twitter.com/Trezor/status/1875095776596033845?ref_src=twsrc%5Etfw”>January 3, 2025

Interestingly, the second block was not mined until six days later, fueling speculation that Satoshi may have echoed the six days of creation in the Book of Genesis.

Over the years, bitcoin has evolved significantly, becoming a global asset with a market value exceeding $1.91 trillion, ranking as the tenth largest asset globally, according to CompaniesMarketCap.

With the next halving event approaching in April 2028, the legacy of the Genesis Block remains a powerful symbol of bitcoin's revolutionary impact and lasting journey.

bitcoin Price May Continue Uptrend

The bitcoin/USDT chart on a 1-day period shows a bullish structure with key levels and indicators supporting the sentiment. The price is currently <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>trading at $96,440 near the 50-day moving average (MA50) of $96,913.93. This level is crucial as it acts as a potential pivot point for an uptrend continuation or a bearish pullback.

Furthermore, the 200-day simple moving average (SMA200) at $71,970.02 is significantly below the current price, affirming a long-term bullish trend. A previous golden crossover, where the SMA50 crossed above the MA200, further supports this positive trend.

Key support levels are visible at $90,000 and $77,500. These zones are expected to provide a basis for potential bullish reversals if the price experiences short-term pullbacks. The $90,000 support is a critical area where buyers can intervene to defend the trend.

BTCUSDT Analysis Source: Tradingview

A bullish break above the SMA50 could lead to a rally towards the projected target price range of $120,000 to $130,000. This aligns with historical price action and Fibonacci extensions, which often guide traders to identify potential price targets.

The RSI (Relative Strength Index) currently stands at 50.37, indicating neutral momentum. This suggests that the market could move in either direction depending on broader sentiment and trading volume. However, the RSI line crossing above its moving average hints at possible bullish momentum.

bitcoin's bullish structure remains intact as long as it remains above $90,000. A break above the MA50 would indicate continued bullish momentum, with the medium-term target range set between $120,000 and $130,000. Traders should keep an eye on the price action around the $90,000 support and $97,000 resistance to confirm the next significant move.

However, failure to hold the $90,000 level could retest the MA200 at $71,970.02, putting the bullish scenario at risk.

Best Wallet pre-sale exceeds $6.2 million

As the price of bitcoin continues its ascent, excitement is growing around the pre-sale of Best Wallet (BEST), which has already raised more than $6.2 million.

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

Best Wallet is an all-in-one platform to access the Web3 ecosystem. It combines a decentralized exchange (DEX), wallet functionality, and a suite of tools designed to simplify digital asset management.

But one of the standout features of Best Wallet is its “Upcoming Tokens” section, which allows users to discover promising tokens before they hit the market.

Meme index is available in upcoming tokens! <a target="_blank" href="https://twitter.com/memecoin_index?ref_src=twsrc%5Etfw”>@memecoin_index introduces the first diversified meme coin platform, powered by <a target="_blank" href="https://twitter.com/search?q=%24MEMEX&src=ctag&ref_src=twsrc%5Etfw”>$MEMEXproviding unparalleled access to the $120 billion meme coin market.

Meme Index offers exclusive access to indices that adapt to all risks… pic.twitter.com/GsiBBuZOzX

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1872656212686160070?ref_src=twsrc%5Etfw”>December 27, 2024

The feature already has a good track record. The upcoming tokens marked Catslap (SLAP) as the TOP wallet holders and surged over 3500% for those who bought early.

Among the featured tokens now is the Meme Index (MEMEX), which has already secured over $1.5 million in pre-sale funding.

Investors can also stake their BEST tokens, earning a remarkable 331% annual return.

Currently, BEST tokens are priced at only $0.02345. Buy before the price goes up in less than 20 hours to secure the best deal.

Visit BEST here.

Best wallet – manage your cryptocurrencies