Bitcoin Price Drops As This BTC L-2 Presale Rockets Toward $8M

Bitcoin Price Prediction: As JPMorgan Expects Fed Rate Cut In September, This BTC Layer-2 Presale Rockets Toward $8M

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Updated: 09 August 2025

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The Bitcoin price edged down a fraction of a percent in the last 24 hours to trade at $116,472 as of 12:30 p.m. EST on trading volume that plunged 23% to $28.1 billion.

This comes as JPMorgan predicts the US Federal Reserve will lower interest rates by 25 basis points next month because of weakness in the labor market and uncertainty around President Donald Trump’s latest Fed nomination.

In the crypto space, reduced interest rates mean cheaper borrowing and more liquidity, which can boost demand for risk assets like Bitcoin and potentially drive its price up.

The BTC price is still up 12% in the last 3 months despite the slight correction overnight and just 5% away from its all-time high (ATH) at $122,838, according to CoinGecko.

Bitcoin Price Finds Support, Eyes 68% Surge

The BTC price is hovering around $116,472, with a slight dip of 1.46% in the last 3 days. The 50-day SMA (Simple Moving Average) sits at $101,736, while the 200-day SMA is at $78,035, indicating the Bitcoin price is bullish.

Both SMAs are sloping upward, reinforcing the bullish bias, while the volume profile during recent consolidation indicates accumulation rather than distribution.

The Relative Strength Index (RSI) is at 60.21, just below overbought territory, but it is consolidating, so there’s room to run before we hit exhaustion.

There is a solid support zone around $105,000 – $110,000, with a recent bounce suggesting buyers are stepping in.

If Bitcoin breaks above the $123,000 resistance with conviction, the measured move projection targets approximately $202,000, a 68.6% surge from the current level.

BTC/USD Chart Analysis (Tradingview)

However, failure to break resistance in the near term could lead to a retest of support near $102,000.

Meanwhile, investors are piling into a new BTC-themed crypto called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.

According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 1,000X after launch.

Bitcoin Hyper Token Presale Races Toward $8 Million Mark

Bitcoin Hyper is set to become BTC’s first fully-fledged layer-2 (L2) execution network, built from the ground up to surpass the Bitcoin blockchain’s performance limits.

Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.

The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.

The project also functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.

🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.

It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1

— Best Wallet (@BestWalletHQ) June 5, 2025

Investors are betting big on the idea, having pumped over $1.8 million into the project’s presale in the last week alone, pushing the total amount collected to over $7.6 million.

Additionally, if you buy and stake now, you could unlock a 137% annual return. But this rate decreases as more people join, so it’s best to stake early.

Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER for $0.0115 each using crypto or a bank card.

Buy before the next price increase in less than 2 days.

Visit the Bitcoin Hyper website.