Bitcoin Price Up 1% As Investors Flock To This ICO For 223% APY

Bitcoin Price Prediction: As SpaceX Moves BTC For First Time In 3 Years, Investors Flock To This Layer-2 ICO For Its 223% APY

BySteven Walgenbach

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Updated: 23 July 2025

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The Bitcoin price rose 1% in the last 24 hours to trade at $118,945.53 as of 11:24 p.m. EST as some investors up their exposure to the crypto.

The uptick in the BTC price comes after addresses linked to Elon Musk’s SpaceX moved 1,308 Bitcoin, valued at over $155.5 million, in their first on-chain activity in three years, according to Arkham Intelligence. This BTC was withdrawn from 16 P2PKH addresses and consolidated into a single SegWit-compatible P2WPKH address.

Bitcoin Price Trades Under Resistance, Will It Break Through?

Daily chart for BTC/USDT (Source: TradingView)

The Bitcoin price has hovered below the $120,372.33 resistance level over the last few days. Although it has managed to break above this barrier a number of times during this period, bulls have been unable to close a daily candle higher than this mark.

Despite the multiple failed attempts, buyers are still throwing their support behind BTC. If it does clear that barrier, it could result in a new all-time high (ATH).

On the other hand, a rejection from the $120,372.33 resistance might result in a correction towards the nearest support level at $112,634.85. In an extreme case, continued sell pressure at this point might even lead to a plunge to as low as $104,467.51.

Technicals Suggest The Bitcoin Price Might Drop Over The Next 24 Hours

From a technical point of view, indicators on the daily chart warn the Bitcoin price might drop over the next 24-48 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bearish signs.

The MACD line and MACD Signal line are positioned at almost the same level. This comes after the prior collapsed towards the latter over the last couple of days, indicating weakening bullish momentum.

The RSI also dropped below its Simple Moving Average (SMA) line on the daily chart over the past week, and has struggled to cross back above ever since. Traders might see this as a confirmation that sellers have taken control of the Bitcoin price. What’s more, the downward slope of the RSI suggests seller strength is growing as well.

While technicals for the Bitcoin price start to flash bearish, investors are buying into Bitcoin Hyper (HYPER). Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says HYPER is one of the best crypto ICOs to buy now.

Solana Speeds Are Coming To The Bitcoin Ecosystem

Bitcoin has maintained its dominance in the crypto space over the years. However, not many upgrades have been made to the legacy blockchain, which is now falling behind in terms of speed and scalability. This is about to change, as Bitcoin Hyper aims to boost network speeds through layer-2 scaling technology.

Built on top of the Solana Virtual Machine (SVM), Bitcoin Hyper will bring SOL speeds to the Bitcoin ecosystem.

Not only that, it will also enable smart contracts to run on the Bitcoin network. Once this happens, Bitcoin will get a DeFi ecosystem of its own, with the speeds needed to ensure its long-term success.

Powering that new ecosystem will be HYPER, which will serve as a transaction medium and overall value transfer vehicle. As such, increased demand for the apps on the BTC Hyper layer-2 chain could lead to a massive price surge for the project’s native crypto.

Bitcoin Hyper Presale Goes Parabolic

Investors are rushing to get in on HYPER before its official launch, as evident by the more than $4.32 million in early-stage funding that has been pumped into the crypto’s ongoing presale so far.

With the bullish predictions by experts like 99Bitcoins and the project’s aim to bring Solana speeds to Bitcoin, it’s easy to see why an investor frenzy has erupted around Bitcoin Hyper at this early stage.

Interested investors can acquire HYPER via the simple buy widget embedded on the project’s website. Selling for $0.012375, it can be bought with either ETH, SOL, USDC, USDT, BNB or bank card. Once purchased, tokens can then be put to work in the project’s presale staking pool, which currently offers a 223% APY.

Investors that want to secure the best presale deal will want to act fast, because HYPER’s price will rise as the presale progresses. The next ICO price hike is in around 38 hours.

Check out Bitcoin Hyper on its official website.