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The Bitcoin price recorded a minor loss in the last 24 hours to trade at $102,482.48 as of 6:17 a.m. EST as traders and investors sit on the sidelines.
While the BTC price holds steady, tech stocks have managed to recover from the DeepSeek shock after the stock price for chip equipment maker ASML rallied off the back of strong quarterly results.
ASML’s shares pumped over 11% after the Dutch company reported better-than-expected bookings of $7.39 billion.
Bullish Pattern Forms On The 4-Hour Chart For The Bitcoin Price
4-hour chart for BTC/USDT (Source: TradingView)
An ascending triangle has formed on the 4-hour chart for BTC. This specific chart pattern suggests the crypto market leader’s price might surge in the coming few hours. A confirmation of this upside breakout could be when the Bitcoin price rises above the base of the pattern at $102,964.28. Thereafter, the crypto might soar to as high as $107,263.16 in the short term.
On the other hand, the bullish pattern might not be validated if BTC drops below the hypotenuse of the triangle. In this alternative scenario, the Bitcoin price could end up plunging to the immediate support level at $98,063.55. Continued sell pressure should the largest crypto by market cap’s price fall to this point might then result in a price drop to $94,968.36.
Bulls And Bears Battle It Out To Take Control Of The Bitcoin Price
From a technical standpoint, indicators on BTC’s 4-hour chart show bulls have a slight advantage. However, bears do seem to be fighting back. Traders and investors will want to keep an eye on the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators on the 4-hour chart.
Earlier in today’s trading session, the RSI bounced off of its Simple Moving Average (SMA) line. The RSI then started to climb, signaling growing buyer strength. However, the indicator faced a roadblock once it hit the neutral 50 benchmark, and has since stalled.
Momentum favors buyers, as suggested by the MACD line’s positioning above the MACD Signal line. In the last couple of hours, the prior has also started to break away above the latter as well, which could be an indication that BTC’s bullish momentum is picking up steam.
As BTC tries to breakout, investors are rushing to the presale for Best Wallet (BEST), which is fast-approaching the $9 million milestone.
Among experts who anticipate great things for Best Wallet’s future is YouTuber Crypto Gains, who told his more than 141K subscribers in a recent video that BEST could soar 10X after its launch.
The Ultimate Crypto Custody Solution
Best Wallet is a crypto custody project that gives investors all of the features they need to store, grow and secure their digital asset holdings. Among the wide array of features is the wallet’s swap functionality, which lets users seamlessly swap between multiple cryptos across over 60 blockchain networks.
The seamless swap capability enables users to capitalize on changing market conditions on a moment’s notice to maximize profitability. For investors who want to take a more passive approach, there is the option to stake the large number of supported tokens for rewards.
After starting multiple staking sessions and accumulating rewards through several crypto income streams all from within one app, investors can then spend their crypto with the project’s Best Card.
A standout feature of Best Wallet is its “Upcoming Tokens” section, which flags promising new cryptos that have high growth potential. The app has already identified Pepe Unchained (PEPU) and Catslap (SLAP) as tokens to watch. Both have gone on to deliver meteoric returns for investors that acted on Best Wallet’s signals.
The real ones know: the best gains are made early. 👀
Check out Upcoming Tokens in Best Wallet and get ahead before everyone else does. Don’t wait until it’s trending—secure your edge now.
Don’t sleep 📲 https://t.co/he5kzra7TY pic.twitter.com/uoYRADyIQO
— Best Wallet (@BestWalletHQ) January 29, 2025
Users who want to get the most out of the Best Wallet app can purchase the project’s native BEST token to unlock additional benefits such as lower transaction fees, higher staking rewards, early access to new projects, as well as the ability to participate in Best Wallet’s governance.
The token can also be staked for a 208% annual return.
Best Wallet Raises Over $8.5 Million In Blockbuster Presale
Best Wallet is pulling early stage funding in at a rapid pace. The project’s total raise already stands at more than $8.5 million, signaling strong investor confidence in the project’s future.
Anyone that wants to get in on the ground stage of this project can do so by acquiring BEST tokens via the simple buy widget embedded on Best Wallet’s website. Selling for $0.023775, the token can be bought with both crypto and bank card. Alternatively, investors can also purchase BEST through the Best Wallet app.
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- TRON Price Prediction for Today, January 29
Best Wallet - Manage Your Crypto
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