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The Bitcoin price dropped less than 1% in the past 24 hours to trade at $95,900 as of 2:00 a.m. EST on trading volume that skyrocketed 37% to $22.43 billion.
Bitcoin saw a sharp price drop over the weekend after reaching the value of $99,420 on Friday evening. By early Saturday, its value crashed to $95k, only to see a slight recovery to $96.6k for the rest of the weekend, and then drop to $95.5k again on late Sunday.
However, the coin might see a change in trend soon as Strategy’s co-founder, Michael Saylor, posted a BTC chart that signals more Bitcoin buying after a one-week purchase lapse.
I don't think this reflects what I got done last week. pic.twitter.com/57Qe7QfwKm
— Michael Saylor⚡️ (@saylor) February 23, 2025
With Strategy (formerly MicroStrategy) holding $46 billion in BTC and currently being 47.7% up on its investment, the firm intends to resume its buying spree in the days to come.
Bitcoin Price Prediction
Bitcoin’s price saw a major dip in the last 24 hours after trying to recover from its drop to $95k. The coin dropped back to around $95.2k before going back to $96.4k, only to drop to $95.2k once again. At the time of writing, it recovered to $95.9k, as mentioned, with its Bollinger Bands widening each time when the coin started seeing major fluctuations.
Its price has been pushing both the upper and lower band, and right now, it just crossed the middle line between the two bands on its way back up.
As for the coin’s Relative Strength Index (RSI), its value spent most of yesterday going between the oversold zone and the neutral value of 50. Then, about 8 hours ago, it shot up to the edge of the overbought zone, only to drop to the value of 34, and then bounce back up to slightly above 50 again.
This suggests that the traders are using the current volatility to try and make small gains, but it also indicates that the market is far from stable right now, with BTC making major moves every few hours.
BTC lacks the strength to return to its height before the Friday drop for now, but traders should keep a close eye on its price as it continues its development.
Promising Alternative To Bitcoin
A good alternative to BTC right now is a new meme coin ICO called BTC Bull Token (BTCBULL) — Bitcoin’s official meme coin that aims to boost its price.
The project emerged with one objective, and that is to help push Bitcoin as far up as it can go, with $1 million per coin and beyond being its end goal. It plans to do this by encouraging users to buy BTCBULL tokens, and then granting them free BTC airdrops whenever Bitcoin’s price hits a major milestone.
The first of these milestones is $150k per coin, which could happen rather quickly once the next big rally finally starts. After that, airdrops will also happen at $200k, $250k, and so on. There will also be BTCBULL token burns between these BTC airdrops, with the next burns set to take place when BTC hits $125k, $175k and $225k for the first time.
So far, BTC Bull Token’s ICO has raised over $2.72 million after going live two weeks ago, on Feb. 10. Currently, the BTCBULL token is selling for only $0.00238, and you can buy it through Best Wallet. However, a major crypto YouTuber ClayBro, who has over 136k subscribers, believes the token could skyrocket after launch – partially due to its own potential, the token burning mechanism, and its association with BTC.
Buy BTCBULL here before a presale price hike in less than 2 days.
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- BTC Bull Presale Hits $2.6 Million
- Bitcoin (BTC) Price & Future Predictions
- Meme Coin ETFs Near Potential Approval
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