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The Bitcoin price recorded a minor gain in the last 24 hours to trade at $84,578.62 as of 12:27 a.m. EST as investors cautiously buy into the crypto.
The slight uptick in the BTC price comes as US President Donald Trump criticized Federal Reserve Chair Jerome Powell in an April 17 Truth Social post of being too slow to cut interest rates.
“Powell’s termination cannot come fast enough!” Trump said.
Bitcoin Price Trading Flat As Traders Await Confirmation Of What’s To Come
4-hour chart for BTC/USDT (Source: TradingView)
The Bitcoin price has been oscillating around the $84,612.60 mark over the past few days, which suggests some indecision in the market. Should the leading crypto start to break above this price point, it might end up rising to the next major barrier at $91,478.28. This would be around an 8% gain from current prices.
However, a drop below the $84,612.60 mark could expose the Bitcoin price to the risk of plummeting all the way down to the $78,139.24 support. In an extremely bearish scenario, BTC might even fall to $74,019.83 in the event of overwhelming sell pressure.
Bitcoin Price Could Go Either Way As Technicals Send Mixed Signals
From a technical standpoint, indicators on BTC’s 4-hour chart suggest the Bitcoin price could go either way in the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are sending mixed signals.
The MACD line is attempting to cross above the MACD Signal line. If these two lines intersect, traders might interpret the technical event as a sign that the crypto has entered a positive trend, and subsequently start to long BTC.
Simultaneously, the RSI line has collapsed towards its Simple Moving Average (SMA) line on the 4-hour chart in recent hours, signaling weakening buying power. If the two lines cross, it will trigger a major bearish flag that could lead to sellers gaining an upper hand against buyers on BTC’s chart.
As traders wait for a confirmation of what the Bitcoin price will do next, 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-themed 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 the Bitcoin price starts to soar, the project will reward its token holders with a series of BTC airdrops and BTCBULL token burns at certain price milestones.
The first BTC airdrop will happen when Bitcoin reaches $150K for the first time. Thereafter, every new $50K milestone will reward BTCBULL holders with free Bitcoin. Meanwhile, the meme coin’s supply will be reduced with every $25K increase in Bitcoin’s price, starting at $125K.
With the uncertainty in the global financial markets, BTC Bull Token, which is still in presale, not only offers investors shelter from the storm, it also gives investors a way to gain much more affordable Bitcoin exposure.
Additionally, the combination of Bitcoin airdrops and BTCBULL token burns could lead to a skewed supply and demand ratio that might introduce strong upside pressure on BTCBULL’s price.
Combine that with its meme coin appeal, and the token could very well end up surging 10X like 99Bitcoins predicted.
Investors Bet Big On BTCBULL’s Future
The chance to receive free Bitcoin via airdrops is already pulling investors in, as evident by the more than $4.7 million the project has managed to raise through its ongoing ICO. This buying frenzy is likely to continue, because there is also an attractive presale staking program on offer.
Anyone that buys and stakes BTCBULL now will unlock an 86% APY. To get in on these rewards, investors will first need to purchase BTCBULL through the easy-to-use widget embedded on the project’s website.
Selling for $0.002465, BTCBULL can be bought with both crypto or bank card. After getting a hold of some BTCBULL, investors can then head over to the staking page on the website to put their tokens to work and start earning the high passive crypto rewards.
Buyers who want to secure the best deal will want to act fast, however, because the meme coin’s price will undergo multiple staged increases as its presale progresses. The next price hike will happen in around 4 hours.
Visit the BTC Bull Token website.
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