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The Bitcoin price climbed over 3% in the last 24 hours to trade at $107,143 as of 02:25 a.m. EST on trading volume that surged 142% to $118 billion.
Throughout the past day of trading, BTC also surged to a new all-time high (ATH) of $108,786, as per CoinGecko data, coinciding with the upcoming inauguration of pro-crypto President-elect Donald Trump. Eric Trump, the son of the incoming president, confidently predicts that BTC will continue to soar.
To the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks pic.twitter.com/QTiHWiXckX
— Eric Trump (@EricTrump) January 20, 2025
This surge in the leading crypto’s price follows the launch of meme coins created by Donald Trump and First Lady Melania Trump over the weekend. As market sentiment grows, former Binance CEO Changpeng Zhao (CZ) believes that the success of meme coins, like the ones launched by the Trumps in the last couple of days, could benefit BTC.
Forgot to say, what's good for memes is good for bitcoin.😆 https://t.co/78N87oT157 pic.twitter.com/mftzBWeeqp
— CZ 🔶 BNB (@cz_binance) January 20, 2025
Can BTC soar to a new ATH?
Bitcoin Price On A Breakout
Over the past year, the BTC price has followed a strong bullish trajectory after recovering from the lows observed in mid-2023.
The current Bitcoin price of $107,143 represents a significant breakout above the previous resistance zone, around $98,000, which is now acting as a strong support, according to GeckoTerminal.
BTC now trades above the 50-day and 200-day Simple Moving Averages (SMAs), supporting the overall bullish trend.
The Relative Strength Index (RSI) stands at 65.66, just below the overbought threshold of 70. This suggests that while the market is bullish, there is still room for upward movement before the crypto enters overbought conditions.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (1,107) is well above the signal line (744), confirming bullish momentum. The increasing histogram bars also suggest that BTC’s bullish momentum is accelerating.
BTC To Sustain Its Bullish Momentum
Given the current indicators and patterns, BTC is likely to maintain its bullish momentum in the short-to-mid-term. The immediate target for bulls is $110,000, followed by a longer-term target around $120,000 if momentum sustains.
In the event of a pullback, the $100,000 level is the nearest support, with additional support at the 50-day SMA ($98,000) and the 200-day SMA ($75,000).
As BTC prepares for a potential rally, investors are rushing into the Best Wallet (BEST) presale. Crypto Gains, a YouTuber with more than 145K subscribers, says the BEST token has the potential to soar 10X after its launch.
Best Wallet Presale Surges Toward $7.6 Million
Best Wallet is a utility-based project that has captured significant attention in the Web3 space. The project’s vision extends beyond a multi-chain wallet, with plans for a crypto-enabled bank card and an integrated decentralized exchange (DEX). These innovative features strengthen the project’s long-term utility.
One of the project’s most popular features is its “Upcoming Tokens” section. This flags the most promising new cryptocurrency presales for users, enabling traders to read whitepapers, buy the tokens, as well as track updates.
The project’s success in identifying promising projects is clear. It has already flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Best Wallet Airdrop Growth is Off the Charts! 🔥
Since the beginning of December, the numbers speak for themselves:
💥Participants: 13,708 (+60%)
📈 Quests Completed: 211,448 (+125%)
🚀 Twitter Activity: 138,313 (+85%)This is what the Best Wallet Family is all about—showing… pic.twitter.com/GcshHkp03d
— Best Wallet (@BestWalletHQ) January 17, 2025
In addition, the wallet enables users to stake their BEST tokens for a huge 237% annual return.
With over 100,000 monthly users and strong security, Best Wallet continues to grow its credibility.
The BEST token presale has already raised over $7.6 million, showcasing the immense demand for the platform.
You can get into the project early by buying BEST tokens today for just $0.023675. Interested investors should secure tokens before the next price increase in 39 hours.
Buy and stake BEST tokens here for the 237% APY before the next scheduled price increase.
Related News:
- Best Meme Coins To Buy Now After $TRUMP Coin Explosion: MELANIA, WEPE, And More
- New $TRUMP Meme Coin Explodes To $21 Billion Market Cap Ahead Of Inauguration Day, But Is It Legit?
- Official Trump Price Prediction: TRUMP Soars 38% As This Pioneering Meme Index Presale Charges Towards $3 Million
Best Wallet - Manage Your Crypto
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