Bitcoin Price Pumps 4%, But Experts Say Buy This ICO Crypto

Bitcoin Price Prediction: $110M In Shorts Liquidated As BTC Surges 4%, But Experts Say This Is The Best Crypto To Buy Now

BySteven Walgenbach

Disclosure

Updated: 11 August 2025

The below article is sponsored, meaning Insidebitcoins may receive a commission for affiliate links in the content. Cryptocurrencies are high-risk investments, and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest.

Join Our Telegram channel to stay up to date on breaking news coverage

The Bitcoin price soared 4% in the last 24 hours to trade at $121,743.99 as of 10:46 p.m. EST as investors rush to buy the crypto.

With that recent surge in the BTC price, CoinGlass data shows that $110.11 million in short positions got liquidated in the last 24 hours.

Bitcoin Price Clears Resistance And Targets Another

Daily chart for WBTC/USD (Source: GeckoTerminal)

The Bitcoin price broke through the resistance level at $117,148 in the last 48 hours and is now nearing the next major barrier at $122,738, according to data from GeckoTerminal. Should it overcome this second resistance level, the crypto market leader might have a clear path to a new all-time high (ATH) should the bullish pressure persist,

However, a bearish shift in the broader market’s trend or a rejection from the $122,738 resistance might result in a retest of the recently-breached $117,148 mark, but as support this time. Falling below this technical safety net could then trigger a wave of panic selling, which might see the Bitcoin price fall to as low as $112,083 in the short term.

Bitcoin Price Still Has The Momentum And Room To Climb Higher, New ATH?

Looking at technical indicators on the daily chart, it appears a bullish scenario is more likely to play out. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signs.

A major bullish technical flag was recently triggered by the MACD, after the MACD line crossed above the MACD Signal line in the last 24 hours. Traders usually see this as an indication that a crypto has entered a positive trend. BTC could therefore continue rising in the next 24-48 hours if the technical event leads to additional buy volume.

RSI readings have also soared over the last couple of days, which is generally taken as a sign of growing buyer strength. Not only that, the positive slope of the RSI line also suggests that bulls show no intention of easing their pressure on BTC’s price any time soon.

With the current reading below the 70 mark, the Bitcoin price has a fair amount of room to keep climbing before it enters overbought conditions as well.

Overall, technical indicators on BTC’s daily chart show bulls have an upper hand over bears, with conditions perfect for a continued rise in the Bitcoin price provided there isn’t a broader crypto market selloff.

While BTC eyes a new ATH, investors are also buying into the presale for Bitcoin Hyper (HYPER). Influential YouTube channel 99Bitcoins, which has over 723K subscribers, says it is one of the best crypto ICOs to buy now.

Bitcoin Could Soon Have The Speeds Of A Modern Layer-1

Bitcoin is known as the pioneering distributed ledger and provided the blueprint for subsequent layer-1 networks to follow and build on. This has given the Web3 market quicker and more cost-efficient layer-1 networks such as Solana and Ethereum, which also have their own decentralized finance (DeFi) ecosystems.

Since its inception, however, there have been little-to-no changes to Bitcoin’s source code. This is likely out of respect to Satoshi Nakamoto or an effort to preserve the blockchain’s high degree of decentralization. Regardless of the reasoning, Bitcoin has fallen behind its competitors when it comes to speed and utility. Enter Bitcoin Hyper.

The project is a layer-2 scaling solution built for Bitcoin. It integrates with the Solana Virtual Machine (SVM), meaning it will be one of the first solutions in the market to combine SOL’s speeds with Bitcoin’s high levels of security and decentralization.

In addition to scaling Bitcoin, the project will also enable smart contract functionality within the BTC ecosystem. As such, Bitcoin could very well get its own DeFi ecosystem that facilitates use cases ranging from NFTs and decentralized exchanges to ultra-quick global payments.

Bitcoin Hyper’s team recently shared that SVM programs are running natively on the project’s rollup architecture.

Powering that entire ecosystem will be the HYPER token. Given Bitcoin’s established role in the crypto space, BTC Hyper and its native token are perfectly positioned to gain on the investor interest around the leading crypto.

HYPER Presale Goes Parabolic

Investors are piling into HYPER’s ongoing presale, and have pumped more than $8.2 million into the ICO as whales start to buy in as well.

There’s still time for investors to get in at this ground level of the project. Selling for $0.012625, HYPER tokens can be bought with either ETH, SOL, USDC, USDT, BNB or bank card via the widget embedded on the project’s website.

Once purchased, tokens can also be staked for an attractive 131% APY.

Interested investors will want to buy before the next presale price hike in about 33 hours.

Check out HYPER.