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The Bitcoin price rose a fraction of a percentage in the last 24 hours to trade at $84,075,64 as of 10:19 p.m. EST as investors slowly start to buy the crypto.
The slight uptick in the BTC price comes as quantum computing research firm Project 11 launched a competition that will reward whoever cracks the longest Bitcoin key with 1 BTC.
We just launched the Q-Day Prize.
1 BTC to the first team to break a toy version of Bitcoin’s cryptography using a quantum computer.
Deadline: April 5, 2026
Mission: Protect 6M BTC (over $500B)— Project 11 (@qdayclock) April 16, 2025
Bitcoin Price Hovering Around Resistance
4-hour chart for BTC/USDT (Source: TradingView)
The Bitcoin price is oscillating around the $84,612.60 resistance level. Should the largest crypto by market cap establish a position above this technical barrier in the short term, it could rise to as high as $91,478.28 in the following few days.
However, a rejection from the $84,612.60 barrier could lead to a more bearish scenario playing out heading towards the weekend. In this case, traders might start to short BTC. This potential downside pressure could then push the Bitcoin price down to the $78,139.24 support. In an extreme bearish scenario, the crypto might end up dropping to as low as $74,019.83.
Bitcoin Price Might Keep Climbing In The Next 24 Hours As Technicals Show Early Bullish Signs
From a technical standpoint, indicators on BTC’s 4-hour chart suggest the Bitcoin price might rise in the next 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing early positive signs.
In the last couple of hours, the MACD line has started to rise towards the MACD Signal line. This could be an early indication of BTC’s current negative cycle nearing its end. A confirmation might be when the MACD line crosses above the MACD Signal line.
Meanwhile, RSI readings have risen to above the neutral 50 mark in the last few hours as well, which suggests buyers have gained a slight upper hand against sellers. However, a confirmed bullish shift in power might only be signalled when the RSI crosses its Simple Moving Average (SMA) line on the 4-hour chart. Until then, bears could still regain control of BTC.
As the Bitcoin price flirts with resistance, investors are piling into the presale for BTC Bull Token (BTCBULL). According to 99Bitcoins, a prominent YouTube channel with over 725K subscribers, BTCBULL has the potential to soar 10X after its launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that was created with the conviction that the price of the largest crypto by market cap will rise all the way to $1 million per coin and beyond. As BTC climbs to new heights, the project will perform a series of BTC airdrops and BTCBULL token burns at certain price milestones.
The BTC airdrops will start when Bitcoin hits $150K for the first time. Thereafter, every $50K increase will reward BTCBULL token holders with free Bitcoin. Meanwhile, the meme coin’s supply will be reduced with every $25K increase in Bitcoin’s price, starting at $125K.
BTC Bull Token’s combined offering of BTC airdrops and token burns sets the project up for a favorable supply and demand ratio. As investors rush to get in on the Bitcoin rewards, this will lead to some upside pressure on the meme coin’s price. The bullish pressure will then also be amplified by the shrinking BTCBULL supply, which will make the token more scarce.
Investors Bet Big On BTCBULL’s Future
BTC Bull Token’s presale has gone parabolic, and is now closing on the $5 million milestone as investors rush to buy the meme coin at this ground level.
There is, however, still time for investors who have not bought yet to position themselves before the project’s highly-anticipated launch.
Interested investors can buy BTCBULL via the easy-to-use widget embedded on the project’s website. Selling for $0.002465, the meme coin can be bought with both crypto or bank card. Once purchased, the tokens can also be put to work from the get-go through the project’s presale staking pool, which currently offers an 87% APY.
Anyone looking to buy at the best rate will want to hurry, because BTCBULL’s price will undergo a series of staged increases as the presale progresses. The next price hike is set for around 31 hours.
Visit the official BTC Bull Token website.
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