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The Bitcoin price pumped over 6% in the last 24 hours to trade at $100,737.20 as of 10:39 p.m. EST as investors start to accumulate the largest crypto by market cap.
The uptick in the BTC price comes after US President Donald Trump said that he will be pausing the import tariffs he imposed on Canada, Mexico and China for at least the next 30 days.
I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly…
— Justin Trudeau (@JustinTrudeau) February 3, 2025
Bitcoin Price Trying To Break Resistance
Daily chart for BTC/USDT (Source: GeckoTerminal)
The Bitcoin price is attempting to break above the $102,964.28 resistance level, GeckoTerminal data shows. Should the leading crypto overcome this technical barrier in the next 24-48 hours, BTC might end up rising to $108,807.48.
However, a rejection from the $102,964.28 mark might lead to a more bearish scenario playing out. In this alternative case, the Bitcoin price will likely test the immediate support at $98,063.55. A drop below this price could then result in a plunge to as low as $93,904.24 in the short term.
Bulls And Bears Are Fighting To Take Control Of The Bitcoin Price
Looking at technical indicators on BTC’s daily chart, it seems bulls and bears are currently locked in a battle to take over control of the crypto’s price. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) point to an ongoing tussle.
The MACD line is currently positioned below the MACD Signal line. This orientation is considered bearish and often interpreted as an indication that a crypto is in a negative trend.
In the last 24-48 hours, however, the MACD line has started rising towards the MACD Signal line. This suggests BTC’s bearish cycle might be nearing its end. A confirmation of a bullish reversal of the crypto’s trend could be if the MACD line crosses above the MACD Signal line in the next couple of days.
Meanwhile, the RSI line is also positioned bearishly below its Simple Moving Average (SMA) line to suggest that sellers currently have the upper hand against buyers. While the gap between the two lines has narrowed, the negative slope of the RSI line indicates that sellers are fighting back.
Should the RSI continue to slope downward in the next couple of days, it could suggest that sellers are accumulating strength once again. This might lead to a drop in the Bitcoin price.
As traders wait for confirmation of BTC’s next move, investors are piling into the presale for Best Wallet (BEST).
According to Crypto Gains, a popular YouTuber with over 141K subscribers, BEST could potentially soar 10X after its launch.
The Best Crypto Wallet In The Market
Best Wallet is the ultimate crypto custody solution that gives users all of the features and tools they need to manage, grow and secure their digital assets all within a single application. In addition to its support for more than 60 blockchains and their native tokens, Best Wallet allows users to import their wallets from across the Web3 ecosystem as well.
Users can also rest assured that their digital assets are as safe as can be, because Best Wallet is non-custodial. This means that the application does not store users’ private keys in a centralized database, and ensures that Best Wallet users are the only people who hold access to their crypto.
The high level of security is complemented by a range of other features. This includes a native staking solution which lets users lock up multiple tokens for passive rewards across all of the supported blockchains. Best Wallet also gives users the ability to instantaneously swap between cryptos to capitalize on market opportunities that present themselves.
There is also the Best Card, which lets users spend their digital assets as easily as they would spend their traditional fiat currency. Perhaps the best feature of the app is the “Upcoming Tokens” section that flags high-potential early-stage cryptos.
The app’s success in spotting emerging crypto tokens has already been proven through the Best Wallet app’s identification of Catslap (SLAP) and Pepe Unchained (PEPU). Both meme coins have gone on to deliver stellar returns for investors who bought in when Best Wallet initially flagged the cryptos.
Best Wallet Presale Hits $9 Million
Best Wallet’s ongoing presale recently surpassed the $9 million mark as investors bet big on the project’s future.
🔥 Over $9M Raised and counting! 🔥
The Best Wallet ecosystem keeps expanding, and $BEST holders are securing early access. 💪
Don't miss this opportunity to unlock exclusive Alpha and VIP trading benefits.
Join Now! 📲 https://t.co/he5kzra7TY pic.twitter.com/OQb3grXwgh
— Best Wallet (@BestWalletHQ) February 3, 2025
A potential reason for the heightened investor interest could be the 190% APY on offer to presale buyers who stake their tokens. To get in on these rewards, investors will first need to purchase BEST through the widget embedded on the project’s website. Selling for $0.02385, BEST can be bought with either crypto or bank card.
Buy and stake BEST tokens here for the 109% APY.
Related Articles:
- Best Crypto To Buy The Dip As Altcoins Crash
- Catslap Burns $1M $SLAP, Supercharging Upside Price Potential
- Top Meme Coins to Invest In Now, February 03
Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Get Early Access to Upcoming Token Launches & ICOs
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