Join Our Telegram channel to stay up to date on breaking news coverage
The Bitcoin price has climbed 0.7% in the last 24 hours to trade at $103,500 as of 11 p.m. EST on a 16% plunge in trading volume to $56 billion.
This comes after it was announced that US Vice President JD Vance will be the headline speaker at the Bitcoin 2025 conference in Las Vegas on May 28. The conference’s organizers said it was the first time a sitting vice president will speak at a crypto event that endorses Bitcoin.
🇺🇸 ANNOUNCING VICE PRESIDENT JD VANCE AS A BITCOIN 2025 SPEAKER pic.twitter.com/wStbfidqRv
— The Bitcoin Conference (@TheBitcoinConf) May 9, 2025
Vance’s appearance follows President Donald Trump’s address at Bitcoin 2024, while he was campaigning for the presidency, and underscores growing political interest in digital assets.
Vance has previously opposed regulatory overreach and supported crypto innovation during his tenure as a US senator. Public records show he has between $250,000 and $500,000 in Bitcoin exposure.
His upcoming speech is expected to focus on financial sovereignty, technological innovation, and Bitcoin’s evolving role in America’s economic future.
Bitcoin Price Targets New Highs After Breakout Signals Potential Bullish Rally
The BTC/USDT pair has broken out strongly, sparking fresh optimism for a continued bullish run. The price is currently at $103,500, showing a slight gain today. This recent rise comes after a sharp recovery from the $80,000 area, where Bitcoin formed a double-bottom pattern, often a clear sign of a market reversal.
The chart shows a rounding bottom shape, which usually leads to strong upward movement in trending markets. The rally gained more strength once Bitcoin moved above the key $90,000 resistance level. This level, which had been blocking price growth before, has now turned into solid support.
Breaking above the $100,000 mark, a key psychological level, signals another major bullish step as the price is now above the final major resistance that had been holding it back. Technically, a market structure shift (MSS) has occurred, confirming a change from a bearish to a bullish trend.
BTCUSDT Analysis Source: Tradingview
Momentum Builds As Bitcoin Eyes $120K – RSI Signals Pullback
Bitcoin has also created two Fair Value Gaps (FVGs) between $88,000 and $95,000, which could act as support if the price pulls back in the short term. The Relative Strength Index (RSI) is currently at 74.76, indicating that Bitcoin is overbought.
While this may signal a short break or slowdown in price movement, it also shows strong bullish momentum, something often seen during the early stages of a rally. Market sentiment has turned positive, with both retail and institutional investors showing renewed interest after the breakout above key resistance.
If the current momentum continues, Bitcoin may be heading toward a retest of its previous all-time high, with $120k marked as the next target on the chart.
Still, traders should stay alert for short-term corrections, especially with the RSI in overbought territory and the unfilled price gaps below. A dip could find support between $92,000 and $95,000. Staying above the $100,000 level will be important for keeping the bullish trend going.
New BTC-Themed Meme Coin Presale Heads For $6M – Next Crypto To Explode?
With Bitcoin in bullish mood, a new BTC-themed meme coin called BTC Bull Token (BTCBULL) is quickly gaining attention during its fast-growing presale.
The presale has already raised over $5.5 million, attracting investors with exciting rewards and Bitcoin bonuses.
BTCBULL stands out by offering real Bitcoin airdrops to long-term holders. The rewards are tied to Bitcoin’s price growth, giving the token genuine value beyond the hype. Investors receive BTC as Bitcoin reaches key price targets.
Guess who's back mfs 🐂🔥 #BTC pic.twitter.com/3tVjIXAmMj
— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 8, 2025
Rewards for BTCBULL holders start when Bitcoin hits $150,000, with more Bitcoin airdrops for every subsequent $50,000 increase up to $1 million. The amount you get depends on your presale investment, so early supporters have an advantage.
A major event will occur at $250,000, triggering an airdrop of 10% of the total 21 billion BTCBULL tokens. This big giveaway could lead to significant profits for long-term holders, especially with the next bull run possibly already underway.
Popular crypto YouTube channel 99Bitcoins, with more than 724k subscribers, predicts that BTCBULL could surge by 10X after it launches.
Grab BTCBULL Now For A 74% Staking APY
BTC Bull Token (BTCBULL) is also getting attention because it will burn tokens to reduce supply. The burns start at $125k and repeat for every $25k increase thereafter, putting upward pressure on the BTCBULL price.
BTCBULL also offers holders a huge 74% annual return on staked tokens, making it a good way to earn passive income.
BTCBULL is priced at $0.002505 and can be bought with crypto or bank cards. Investors who hold tokens in Best Wallet will receive the Bitcoin airdrops automatically as BTC crosses key price thresholds.
Buy before a price hike in less than 2 days to secure the best deal.
Related Articles:
- Bitcoin Eyes $100K As Trump Teases ‘Major Trade Deal,’ Likely With UK
- PEPE Skyrockets 30%, But Investors Flock To This Rival ICO With Time Running Out
- BTC Jumps 3% To Break $100K, But Investors Buy This ICO Offering Free Bitcoin
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
