Bitcoin Price Drops 1% After New ATH As This ICO Nears $3M

Bitcoin Price Prediction: BTC Slides Below $120K After New ATH As This Layer-2 Presale Charges Towards $3 Million

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Updated: 15 July 2025

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The Bitcoin price dropped 1% in the last 24 hours to trade at $117,466.03 as of 11:25 p.m. EST as some investors decrease their exposure to the largest crypto by market cap.

In the last 24 hours, the BTC price pulled back from its new all-time high (ATH) of $123,091.61 that was set yesterday to trade below the psychological level at $120K.

Bitcoin Price Loses Support, Could Drop Further

Daily chart for BTC/USDT (Source: TradingView)

The Bitcoin price is now trading between the resistance level at $120,372.33 and the support level at $112,634.85. Should the crypto market leader continue to drop towards the support, it could fall below the mark and potentially plunge to as low as $104,467.51 in the short term. However, this will require strong sell pressure.

On the other hand, if traders identify the current Bitcoin price as a buy opportunity, they might end up pushing BTC to back above $120,372.33. Thereafter, the crypto could gain the room needed to enter into an upside price discovery phase and go on to set a new ATH.

Bears Slowly Starting To Take Control Of The Bitcoin Price

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), warn the Bitcoin price might drop some more in the coming 24-48 hours.

That’s as the MACD line collapses in on the MACD Signal line, a classic indication of weakening bullish momentum. If the margin between the two lines keeps narrowing, it could result in a bearish crossover of the two technical indicators. Traders might then see this as a confirmation that the Bitcoin price has entered a negative trend.

Meanwhile, the RSI has dropped towards its Simple Moving Average (SMA) line on the daily chart as well. With a small margin between the two, it won’t take much for the RSI to break below the SMA. This potential development could then indicate a bearish shift in power, giving sellers and upper hand over buyers.

While bulls and bears battle it out on Bitcoin’s charts, investors are piling into the presale for a new meme coin called Bitcoin Hyper (HYPER). Influential YouTube channel 99Bitcoins, which has over 723K subscribers, said recently that HYPER is one of the best crypto ICOs to buy now.

HYPER Brings Solana Speeds To Bitcoin

Bitcoin has proven itself as a decentralized alternative to the legacy financial system. However, the BTC network has started to fall behind in the market as quicker and more cost-efficient alternatives, such as Solana, Ethereum and others, enter the market. This is where Bitcoin Hyper will help.

The project will enable much higher transaction speeds while keeping costs low on the Bitcoin blockchain through its own layer-2 chain that is powered by the Solana Virtual Machine (SVM). This SMV is the same engine that makes Solana the superperformant blockchain that it is.

As such, the Web3 community will soon have the first solution that combines Solana’s speeds with Bitcoin’s robust security and high levels of decentralization.

With the enhanced speeds and layer-2 chain, decentralized applications and other use cases such as NFTs will be able to thrive in the Bitcoin ecosystem, which, up until now, has suffered from capped scalability.

Bridging between this new powerful ecosystem and the Bitcoin base chain is seamless as well, and is made possible by Bitcoin Hyper’s native Canonical bridge. The HYPER token will then power this entire ecosystem.

Bitcoin Hyper Presale Closes On $3 Million

Bitcoin Hyper’s ongoing presale is drawing investors in, and has raised more than $2.84 million in early-stage funding so far. With the bullish predictions by experts like 99Bitcoins and the project’s combination of Solana’s speeds and Bitcoin’s security, it’s easy to see why an investor frenzy has erupted around the project’s ICO.

Interested investors still have time to participate in the presale, and acquire HYPER tokens through the simple widget embedded on the project’s website. Selling for $0.012275, HYPER can be bought with either ETH, SOL, USDC, USDT, BNB or bank card.

Once purchased, the tokens can then be put to work through the project’s presale staking pool. Rewards currently stand at 308%, but this rate will decrease as more people join the pool. Therefore, time is crucial.

Interested investors will also want to note that HYPER’s price will increase as the presale progresses. The next ICO price hike is around 38 hours away.

Learn more about Bitcoin Hyper on its official website.