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The Bitcoin price edged down a fraction of a percentage in the past 24 hours, trading at $107,249 as of 12:29 a.m. EST, with trading volume decreasing 30% to $22.4 billion.
This drop in the BTC price comes as Coinbase CEO Brian Armstrong publicly declared that they buy Bitcoin weekly, reaffirming his bullish stance on the world’s largest cryptocurrency. The announcement by Armstrong comes as Coinbase shares hit an all-time high of $357.07.
We're buying more Bitcoin every week. Long #Bitcoin https://t.co/LleWBXGYTG
— Brian Armstrong (@brian_armstrong) June 26, 2025
The comment is an indication that Armstrong and his company strongly believe in Bitcoin’s long-term store of value.
As major firms continue to show growing interest in digital assets, particularly Bitcoin, can this increased institutional involvement contribute to a positive shift in its price?
Bitcoin Price Gears Up Towards A Recovery
After hitting highs near $107,000 in January, the BTC price went through a retracement to lows around $76,358 in April (around the 0.786 Fibonacci level).
The support level allowed the Bitcoin price to recover, forming a rounded bottom pattern, which pushed BTC to a new all-time high (ATH) around $112,000, as GeckoTerminal data shows.
However, this stance did not continue, as there has been a tug of war between the bears and the bulls, which has sustained the price of Bitcoin above the 0.236 Fib level at $101,356.
The recent attempt to reach the resistance level at the 0 Fib level has pushed the price of BTC above the 50-day Simple Moving Average (SMA) at $105,630, which suggests that Bitcoin is on a bullish trend. Meanwhile, the 200-day SMA still acts as a long-term support at $95,976.
Moreover, the Relative Strength Index (RSI) at 56 shows signs of a recovery, which suggests that buyers may be taking back control of the asset.
The Moving Average Convergence Divergence (MACD) supports the bullish outlook, with the blue MACD line crossing above the orange signal line, an indication of a bullish crossover at play.
BTC Price Hints At A 4% Surge Back To Its ATH
With firms amassing more and more BTC, the Bitcoin price may continue soaring, with the immediate target being its previous ATH at $112,000. If this momentum continues, the next target would be the resistance level on the -0.27 Fib level at $124,355.
Conversely, if the price of BTC fails to sustain above the $101,000 support, the next key support would be the 200-day SMA, and the 0.382 Fib level at $94,720.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC.
Jacob Bury, a prominent YouTuber with over 56.9k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Garners Over $7.5 Million – 3 Days Left To Buy
BTC Bull Token brands itself as the official Bitcoin meme coin with real utility. Unlike most meme coins that thrive on pure hype, BTC Bull Token directly rewards holders with Bitcoin airdrops as Bitcoin’s price hits specific milestones.
This system encourages long-term holding and builds a community of committed Bitcoin believers.
The first BTC reward activates when Bitcoin reaches $150,000 for the first time, with subsequent airdrops for every additional $50,000 milestone the crypto achieves after that.
Those milestone rewards will continue until Bitcoin reaches $250,000, when a special BTC Bull Token airdrop will take place.
To enhance scarcity and mimic Bitcoin’s limited supply, the project will also conduct periodic token burns, beginning at Bitcoin’s $125,000 milestone and continuing at every $50,000 increase in the BTC price thereafter.
That mechanism reduces BTCBULL’s supply, putting upward pressure on the BTC price.
With over $7.5 million raised, and thanks to its innovative design and reward system, investors are flocking to the ongoing BTC Bull presale.
Last chance to buy BTCBULL before launch! 🐂🧨
The countdown ends on June 30th. ⌛
Here’s what’s coming:
🔥 BTCBULL token burns
🪂 BTC airdrops at price milestones
🎁 BTCBULL airdrop when Bitcoin hits $250KJoin the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 2, 2025
You can purchase tokens now for $0.00258 using BNB, ETH, USDT, or a bank card and then stake them for a huge 54% annual yield.
Interested investors have around 3 days left to buy BTCBULL before its presale ends.
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