Bitcoin price rises, but traders flock to buy the best token

bitcoin price saw a slight drop over the past 24 hours to trade at $95,369.54 at 2:40 a.m. EST, as some investors decrease their exposure to the largest cryptocurrency by market capitalization.

The small pullback in btc price comes after the US government transferred more than $1.9 billion worth of bitcoin that was seized from Silk Road to a Coinbase Price wallet.

On-chain analytics platform data Arkham Intelligence shows that a wallet linked to the US government moved approximately 19,800 btc on December 2.

bitcoin price stuck in consolidation

4-hour chart for btc/USDT (Source: <a target="_blank" href="https://www.tradingview.com/x/rH5oxNDl/”>TradingView)

He bitcoin The price has been in a consolidation phase between $94,319.21 and $98,751.43 in the past few days. This could be a period of accumulation before the market leader enters another leg up.

If btc starts to recover, it could try to turn the $98,751.43 resistance level into support. Thereafter, continued buying pressure could push the price of bitcoin to a new all-time high and potentially even above the psychological barrier of $100,000.

On the contrary, a rupture of the bitcoin The price in the short term could see btc lose the support of $94,319.21. Falling below this mark could result in the price of the leading cryptocurrency falling to the next technical safety net at $90,441.01. In an extremely bearish scenario, the price of bitcoin could fall to $86,562.82.

Bears are currently in control of the bitcoin price

From a technical point of view, the indicators on the btc 4-hour chart suggest that the bears currently have a slight advantage on the cryptocurrency chart. Both the Relative Strength Index (RSI) and the Moving Average Convergence and Divergence (MACD) warn of a possible correction if sellers decide to take advantage of their current advantage.

In the last 24 hours, the RSI managed to briefly break above its simple moving average (SMA) line, suggesting that the bulls have gained the upper hand. However, the bears quickly took control of the situation, leading the RSI to fall below the SMA. With the negative slope of the RSI line, it appears that the bears are now strengthening against their bullish counterparts.

Momentum seems to favor sellers at the moment, as suggested by the positioning of the MACD line below the MACD signal line. In the last few hours, the MACD histogram readings have also started to become more negative. Traders could see this as a sign that btc's bearish momentum is starting to gain steam.

As bitcoin tries to break out of consolidation, the pre-sale of Best wallet (BEST) is approaching the $2 million mark.

An all-in-one crypto wallet about to take the crypto world by storm

Best Wallet (BEST) is a non-custodial, multi-chain crypto wallet project that gives users all the features they need to protect, manage, and grow their wallets, all from a single app.

The project offers a wallet that can store assets from more than 60 blockchain networks, including leading chains such as bitcoin, ethereum, Solana, Binance Smart Chain, and many more.

With Best Wallet, users have powerful analytics at their disposal and can track which tokens are trending, as well as get insights into market sentiment and real-time updates on leading projects.

Within the app, users can also use Best DEX (decentralized exchange). This will allow them to exchange their tokens at any time without depending on a central third party. Additionally, the wallet implements advanced security measures such as 2FA and biometric login.

To expand its offering, Best Wallet is launching its native BEST token. By simply holding BEST, investors will unlock a variety of benefits including early access to new projects, reduced transaction fees, and increased staking rewards. BEST holders will also be able to make their voices heard during key governance decisions.

With its wide range of features and benefits unlocked through its BEST token, it is no wonder that YouTube channel crypto Wire told its over 11.4 thousand subscribers that Best Wallet is the only wallet that investors in cryptocurrencies will need.

Investors Rush to Buy BEST to Gain Access to 2.015% Staking APY

Best Wallet has already raised over $1.96 million through its ongoing ICO, indicating strong investor confidence in the future of the project. BEST, which sells for $0.0229, can be purchased through the easy shopping widget built into their site using crypto or card. Alternatively, investors can also purchase the token through the Best Wallet app.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.597014925373″>

Join the <a target="_blank" href="https://twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST Token pre-sale!

stack your <a target="_blank" href="https://twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST today and lock in the lowest price before it's gone. Available now on our official website and Best Wallet app.

Every moment counts, don't miss it!

Download now! https://t.co/AALEwrMCmn pic.twitter.com/975cKh0jLr

– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1861097901050798411?ref_src=twsrc%5Etfw”>November 25, 2024

Potential buyers will want to act quickly, because the price of the token will increase as its pre-sale progresses. The next price increase will be in just over 24 hours. Once purchased, the BEST tokens can also be staked for a whopping 2,105% annual return.

Buy BETTER here.

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