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The Bitcoin price edged down a fraction of a percentage in the past 24 hours, trading at $106,664 as of 4:36 a.m. EST, with trading volume rising 22% to $21.8 billion.
The slight drop comes after American Bitcoin, a cryptocurrency mining startup backed by Eric Trump, raises $220 million as it gears up for an aggressive expansion into the Bitcoin industry.
The amount will primarily be used to acquire mining equipment and strengthen the company’s BTC reserves.
The continued investment in Bitcoin reinforces a long-term bullish stance on BTC.
Bitcoin Price Aims For A New ATH
The BTC price is exhibiting a strong bullish structure on the 3-day chart, having completed a classic rounded bottom pattern.
This pattern often signals a long-term reversal from bearish to bullish momentum, and in this case, it has been confirmed by a decisive breakout above the neckline region near $101,000.
However, after hitting an all-time high (ATH) at $112,083 (0 Fibonacci level), the Bitcoin price has been on a sustained consolidation above the 0.236 Fib level, GeckoTerminal data shows.
The 50 Simple Moving Average (SMA) is rising steadily and currently sits at $94,956, well above the 200 SMA at $72,990, confirming long-term bullish alignment. This positioning supports the upward momentum and reflects a strong underlying trend.
Meanwhile, the Relative Strength Index (RSI) stands at 58.02, indicating moderate bullish strength without being overbought, which allows for more room for price appreciation.
Bitcoin price is targeting the $124,000 region, a new ATH, which aligns closely with the -0.27 Fibonacci extension. This suggests a potential upside of approximately 15% from the current level of $106,664.
A failure to hold that level could bring the 50 SMA at $94,956 into play as key support.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC.
Jacob Crypto Bury, a prominent YouTuber with over 56.9k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Raises Over $7.8 Million – Last Chance To Buy
The presale for BTC Bull Token officially came to an end after investors pumped around $7.83 million in early-stage funding into the project.
However, investors are not late for the launch party. The project now offers investors a final chance to secure BTCBULL before its exchange listing, where a broader investor audience with access to leverage and other trading strategies could significantly boost the token’s value.
Token claims open on July 7 at 2:00 p.m. UTC, allowing contributors to lock in their positions now and be ready to claim as soon as this final opportunity concludes.
$BTCBULL claim goes live 7th July, 2PM UTC. 🐂💥
Don’t miss the charge. ⚔️https://t.co/N1kqrY0bow pic.twitter.com/2mxOI6Qwsw
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 30, 2025
BTC Bull Token isn’t your average meme coin. It’s a turbocharged, meme-powered project with one mission: ride Bitcoin’s charge to $1M and reward early believers along the way.
The project seeks to help investors who believe that Bitcoin will continue its long-term growth trajectory and reach $150,000 and $200,000 in the near future.
As Bitcoin hits those milestones for the first time, investors will earn free Bitcoin through airdrops.
The duration and amount of BTCBULL investors hold will determine how much BTC they receive from each airdrop.
In addition to BTC airdrops, the team will also carry out BTCBULL token burns, permanently removing a portion of the total supply.
The aim is to follow Bitcoin’s footsteps and increase scarcity and value. These burns will happen at each new $50,000 milestone BTC achieves, starting at $125,000.
Buy And Stake For 52% Annual Yield
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 52% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002585 each using BNB, ETH, USDT, or a bank card.
Buy before the token launches in about 6 days.
Visit the BTC Bull Token website.
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