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The Bitcoin price edged up a fraction of a percentage in the last 24 hours to trade at $95,106 as of 3:53 a.m. EST, with trading volume soaring 15% to $27 billion.
The BTC price is hovering around the $95k level, even as the United States approached China seeking talks over President Donald Trump’s 145% tariffs.
#LATEST 🇺🇸The U.S. is now actively reaching out to 🇨🇳China through various channels, hoping to negotiate on #tariff issues.
Yuyuan Tantian 玉渊谭天, a social media account under the China Central Television (CCTV) released on its Weibo account.👀👀👀 pic.twitter.com/U2glBolPPL
— Shen Shiwei 沈诗伟 (@shen_shiwei) May 1, 2025
This was according to a social media account affiliated with Chinese state media on Thursday, being the latest report of possible moves towards negotiations on the levies.
Bitcoin Price Poised For A Bullish Trend Continuation
The BTC price continues to trade within a well-defined ascending channel that has held since early 2024.
The Bitcoin price recently bounced strongly from the lower boundary of this channel, reaffirming bullish momentum. Current action shows a breakout above the mid-range, with the price climbing back toward the upper channel resistance.
BTC has recovered above a prior horizontal support-turned-resistance zone around $80,000, now acting as a launchpad for further gains, as GeckoTerminal data shows.
The 50 Simple Moving Average (SMA) on the 3-day chart sits below the current price at $92,664, confirming short-to-mid-term bullish momentum, while the 200 SMA at $65,473 remains far below, indicating long-term trend support.
Meanwhile, the Relative Strength Index (RSI) is at 59.53, which is bullish but and places BTC outside of overbought territory, suggesting more upside potential before reaching exhaustion.
The Moving Average Convergence Divergence (MACD) histogram shows growing positive momentum with the blue MACD line crossing above the orange signal line, a classic bullish signal that supports continuation of the current rally.
BTC Price Prediction
With the bullish rising channel pattern, supportive SMAs, and strengthening momentum indicators, the BTC price is likely to continue its ascent toward the upper boundary of the channel.
A plausible short-term target lies in the $110,000 region, as marked by the green arrow, assuming no major breakdowns occur below the $88,000 support zone.
Conversely, if the bearish stance plays out in this level, the price of Bitcoin could plunge back to the strong $80,000 support.
Meanwhile, crypto investors are turning to BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.
YouTube channel 99Bitcoins, which boasts over 725K subscribers, predicts 10X gains for BTCBULL holders after the token launches.
BTC Bull Token Presale Smashes $5.1M – Best Crypto To Buy?
Unlike typical meme coins, BTCBULL rewards holders with free Bitcoin through scheduled BTC airdrops triggered by the crypto market leader’s rising price.
The first BTC reward activates when Bitcoin reaches $150,000, with subsequent airdrops every additional $50,000 increase.
Furthermore, a significant bonus awaits dedicated holders when Bitcoin hits the $250,000 mark for the first time.
The excitement around BTCBULL doesn’t stop there. To enhance scarcity and mimic Bitcoin’s limited supply, the project will conduct periodic token burns, beginning at Bitcoin’s $125,000 milestone and continuing every $25,000 thereafter.
This mechanism reduces BTCBULL’s supply, potentially creating powerful upward price momentum.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Investor confidence is already evident, as BTCBULL’s presale has swiftly amassed over $5.2 million.
You can purchase tokens now for $0.00249 using BNB, ETH, USDT, or bank card and stake them for an impressive 79% annual yield.
With expert endorsements and strong investor interest, BTCBULL’s launch looks set to ignite the crypto community.
Interested investors will want to buy before the next presale price increase in around 2 days to lock in the best deal.
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