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The Bitcoin price dropped slightly in the last 24 hours to trade at $101,221.32 as of 9:40 p.m. EST as investors decrease their exposure to the largest crypto by market cap.
The small decrease in the BTC price comes as Strategy’s Michael Saylor hinted at another corporate purchase in an X post yesterday. He once again shared a screenshot of the SaylorTracker chart in a post, a move that has been followed by an announcement of a new Strategy Bitcoin buy.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
If yesterday’s post is followed by an announcement of another Strategy buy, it will be the eleventh consecutive week that the company has bought Bitcoin.
Bitcoin Price Exits A Sideways Channel
Daily chart for BTC/USDT (Source: TradingView)
The Bitcoin price dropped below a medium-term sideways channel between $100,531.66 and $110,285.77 in the last 24 hours. This resulted in the market leader’s price briefly dropping below the psychological $100K mark.
Should BTC close today’s trading session below that channel, the Bitcoin price stands the risk of dropping down to $94,443.01.
However, a daily close today above $100,531.66 could lead to a climb to the middle level of the sideways channel, which stands at $104,830.57. Breaking this minor barrier could then see the Bitcoin price rise to as high as $110,285.77 in the short term.
Technicals Suggest The Bitcoin Price Might Drop Some More
From a technical point of view, indicators on the daily chart warn the Bitcoin price might continue to drop over the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs.
Over the past few days, the MACD line has been below the MACD Signal line. This is a classic indication that a crypto is in a negative trend with momentum favoring sellers. In the last couple of days, the MACD line has started to break away below the Signal line a bit, which suggests strengthening bearish momentum.
Meanwhile, there has been a substantial drop in buying power over the past couple of days as well. This is suggested by the RSI that has plunged below its Simple Moving Average (SMA) on the daily chart.
What’s more, the current reading in the high 30s warns there is still room for the Bitcoin price to drop before it reaches oversold territory, which is typically signaled by an RSI reading below 30.
With the Bitcoin price still at risk of a continued drop, investors are rushing to the presale for a new meme coin called BTC Bull Token (BTCBULL) before it ends in just over a week.
Multiple experts have shared their bullish outlooks for BTCBULL. Among them is the popular YouTube channel 99Bitcoins, who told its over 723K subscribers in a recent video that the crypto has the potential to soar 10X after its launch.
Investors Stand To Earn Free Bitcoin For Simply Holding This Meme Coin
BTC Bull Token is a new meme coin that is built on the belief that the largest crypto by market cap will soar to $1 million per coin, possibly even higher. As such, the project has set certain price milestones for the crypto king that will either trigger a BTC airdrop or will trigger a BTCBULL token burn.
The airdrops will begin when Bitcoin hits $150K for the first time. Thereafter, every new $50K milestone Bitcoin achieves will result in another airdrop. Those BTCBULL token burns will follow the same $50K-milestone-based schedule, but will kick off when Bitcoin hits $125K for the first time.
With the opportunity to receive free Bitcoin for simply holding BTCBULL, investors will surely rush to get in on the rewards. This potential demand is amplified by the BTCBULL burns, which constantly reduce the token’s supply and thus makes it more scarce. With this in mind, it’s easy to see why experts predict a massive price rally for the meme coin.
Just Days Left Before BTCBULL Presale Ends
BTC Bull Token has raised more than $7.3 million through its presale so far, signaling strong investor confidence in the project’s future. With just over a week left until the ICO ends, the window of opportunity for investors looking to get in on this ground level of the project is rapidly closing.
Interested investors can acquire BTCBULL for $0.002575 apiece via the simple buy widget embedded on the project’s website using either crypto or bank card.
Once bought, the tokens can also be put to work through the project’s presale staking pool that offers a 56% APY.
Investors will want to buy before the presale ends in 7 days.
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