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The Bitcoin price rose 2% in the past 24 hours to $105,634 as of 12:17 a.m. EST, and trading volume surged 3% to $39 billion.
That uptick in the BTC price comes as James Dimon, the CEO of JPMorgan, says that the bank will soon allow its customers to buy Bitcoin.
However, according to Dimon, the bank will not hold the cryptocurrency in custody, but they will put it in statements for clients.
“I defend your right to buy Bitcoin.” – Jamie Dimon, JPMorgan CEOhttps://t.co/zc8CjKdAb9
— Michael Saylor (@saylor) May 19, 2025
Bitcoin Price Headed For A Key Resistance Level
The BTC price chart on the 3-day timeframe reveals a well-defined bullish trend contained within a rising channel pattern.
Following a significant correction in early 2025, the Bitcoin price action has formed a rounded bottom pattern, which indicates a reversal.
A breakout from the rounded bottom pattern has successfully pushed the price of Bitcoin above the $100,000 level, as GeckoTerminal data shows.
The Relative Strength Index (RSI) is at 70.07, right at the threshold of overbought territory. This suggests strong buying pressure but also caution for potential short-term pullbacks.
Meanwhile, the blue Moving Average Convergence Divergence (MACD) line has also crossed above the orange signal line, while the green bars on the histogram extend over the zero line, which shows that BTC’s current momentum is positive.
According to the 3-day analysis, the Bitcoin price is poised for a continued surge, as the bulls target $111,300, a 5% surge from the current level.
However, if bearish pressure at this level occurs, the price of Bitcoin could retrace, with the $92,300 level acting as a cushion against downward pressure.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC through airdrops.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, says BTCBULL is poised for massive gains.
BTC Bull Token ICO Races Past $6 Million – Best Crypto To Buy?
In one of the strongest presale showings of the year, new meme coin BTC Bull Token just rocketed past $6 million in its ongoing ICO.
BTC Bull Token introduces a unique approach: it rewards holders with Bitcoin airdrops each time BTC reaches a significant price milestone for the first time. As Bitcoin marches toward the $1 million target, BTC BULL Token holders will get rewarded along the way.
Investors who hold BTCBULL in Best Wallet will receive free BTC via airdrops when the Bitcoin price hits $150k and $200k for the first time.
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
🚨 $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
In addition to BTC airdrops, the team will carry out token burns at certain price milestones as well, permanently removing a portion of the total supply. These token burns will happen at every $25,000 milestone BTC achieves, starting at $125,000. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
BTCBULL token holders can also earn passively by staking their tokens for a 68% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00252 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in about 1 day to secure the best deal.
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