Bitcoin price seen at $250K as pre-sale of best wallet surpasses $6 million

bitcoin price rose 2% in the last 24 hours to trade at $95,650 at 2.30 am EST, with trading volume falling 25% to $29.96 billion.

btc price has struggled during the second half of December 2024, since surpassing $107,000 on December 17. Its price even fell to $91,392 on December 30 when the coin hit its lowest point since mid-November.

However, the beginning of the new year has brought a strong and constant price increase that has already allowed btc to recover to $95.6k. This is likely due to growing optimism from traders and investors, as many believe that 2025 will bring a massive year-long rally that would propel not only bitcoin but the entire cryptocurrency industry to new heights.

In fact, CoinShares head of research James Butterfill says bitcoin could reach $250,000 per coin, which would be an increase of more than 160% from its current price.

That won't be this year, however, as Butterfill expects a maximum rise to $150,000 in 2025. It could also drop to as low as $80,000 at some point, he added.

His optimistic prediction is due to many factors, including the fact that btc tends to see a major rise in the year following its last halving and the fact that Gary Gensler is leaving his position as SEC Chairman.

Donald Trump's administration is also expected to be much friendlier to cryptocurrencies than the Biden administration, which is helping to generate enthusiasm and demand.

bitcoin price prediction

bitcoin <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>price is on the rise, but technical indicators suggest that this is not yet the beginning of a major rally, but rather a slow and steady recovery after the large losses seen in recent weeks.

The project's Bollinger bands remain relatively close together rather than undergoing a major widening that typically accompanies a massive price explosion. However, they are rising and the price has been mainly fluctuating between the upper band and the midpoint between the two bands for the last 24 hours, which is a positive sign.

But, as the price pushes the upper band up, the lower band closely follows its rise.

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On the other hand, there is the project's Relative Strength Index (RSI) value, which has seen the price of bitcoin fluctuate between the oversold zone and the neutral value of 50 yesterday, only to suddenly rise and begin similar fluctuations between the zone. overbought and 50.

The RSI did not venture beyond the threshold of the overbought zone, which stands at 70, which means that traders remain in control and are probably using the RSI as their main signal to buy and sell. They buy when the RSI hits 50 and sell when it rises to 70, again indicating that there is interest in the coin and that traders are expecting it to see a price increase, but that it is not yet skyrocketing like it would in the next. great demonstration was beginning.

A promising alternative to bitcoin

If you wait to invest in bitcoin and HODL until its price reaches a new ATH, which may even be the anticipated $250,000 per coin, then you will need a good wallet to do so, and Best Wallet may be your most promising option.

Not only that, but the wallet is currently selling its native token, BEST, which could be a good alternative to bitcoin in terms of potential earnings.

Best Wallet calls itself a bitcoin and cryptocurrency wallet that allows users to store cryptocurrencies from 60 different chains. That, of course, goes far beyond its 60 native coins as it also includes countless altcoins running on major development networks like ethereum, Solana, BNB Chain, and more.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.674698795181″>

Starts 2025 with <a target="_blank" href="https://twitter.com/search?q=%24BEST&src=ctag&ref_src=twsrc%5Etfw”>$BEST!

It's time to start the year strong. With Best Wallet, you'll unlock exclusive features, early opportunities, and tools to manage your cryptocurrencies effortlessly.

Don't miss it!

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– Best Wallet (@BestWalletHQ) <a target="_blank" href="https://twitter.com/BestWalletHQ/status/1874425429043396640?ref_src=twsrc%5Etfw”>January 1, 2025

Not only that, but you can also connect Best Wallet with your other wallets and manage all your funds and different wallets from one place. And, since it's non-custodial, that means no one but you will have access to your funds. You would be fully in charge of its management, but also of security.

Finally, the wallet has an ICO and offers its own native token, BEST, as mentioned. If you want to use Best Wallet, purchasing something from BEST could lead to benefits like early access to high-potential projects, which the wallet offers in a separate category for your consideration.

It would also have reduced trading fees, increased staking rewards, and access to community governance.

Many believe that BEST will skyrocket after its ICO ends and the token goes live, including popular YouTuber ClayBro, who has over 134,000 subscribers. ClayBro said in a recent video that BestWallet sees record growth ahead of the biggest bull market in history, so buying its native token now could lead to 100x gains.

The BEST pre-sale has already raised over $6.2 million from investors in recent weeks and is still ongoing. Therefore, you too can join, while its price remains only $0.02345.

Just don't wait too long as the token is expected to see a price surge in less than 2 days, when its ICO enters the next stage.

Visit the official website of BEST Wallet.

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Best wallet – manage your cryptocurrencies

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• Comes with its own OpenAI-powered chatbot assistant
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