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The Bitcoin price pumped 3% in the last 24 hours to trade at $105,087.00 as of 10:36 p.m. EST as investors start to buy the crypto.
The jump in the BTC price comes after US President Donald Trump announced a ceasefire between Iran and Israel.
CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at…
— Trump Posts on 𝕏 (@trump_repost) June 23, 2025
Bitcoin Price Clears A Resistance Level, Will It Keep Rising?
Daily chart for BTC/USDT (Source: TradingView)
The Bitcoin price rose to above a resistance level at $104,830.57 in the last 24 hours. This specific point is around the middle of a medium-term price channel the leading crypto has traded within over the last couple of weeks. Should BTC close today’s trading session above this price point, it could end up rising to the next major resistance level at $110,285.77.
Conversely, closing today’s trading session below $104,830.57 might lead to a more bearish scenario playing out. In this alternative case, the crypto might test the lower boundary of the aforementioned price channel at $100,531.66. Failure to hold above this technical safety net could then result in a plunge to as low as $94,026.66 in the short term.
Bulls Might Try To Push The Bitcoin Price Higher
From a technical point of view, indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the daily chart warn the Bitcoin price might keep climbing over the course of the next 24 hours.
A major bullish technical flag is about to be triggered by the MACD, as the MACD line looks to cross above the MACD Signal line. If the prior breaks above the latter, traders might see the technical development as an indication that the crypto has entered a positive trend.
Meanwhile, the RSI crossed above its Simple Moving Average (SMA) line on the daily chart as well. This suggests that buyers have gained an upper hand in terms of strength against sellers.However, the current reading around 50 still warns the Bitcoin price could go either way.
Given the technical flag that is about to be triggered by the MACD and the shift in power shown by the RSI, a bullish move seems more likely to play out.
As the Bitcoin price tries to keep rising, investors are piling into the presale for BTC Bull Token (BTCBULL) before it ends in less than a week. According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, BTCBULL has the potential to soar 10X after its launch that is just days away.
A Meme Coin That Gives Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that is built on the belief that the leading crypto will rise all the way to $1 million per coin, possibly even higher. As such, the project has set specific price milestones that will either trigger a BTC airdrop or a BTCBULL token burn.
The first of those airdrops will happen when Bitcoin hits $150K for the first time. Thereafter, every new $50K milestone the crypto achieves will lead to another airdrop. This gives investors the opportunity to profit from BTC’s gains without having to buy the crypto directly.
Meanwhile, the BTCBULL token burns will follow the same $50K-milestone-based schedule, but will kick off when Bitcoin reaches $125K for the first time.
By removing tokens from the supply, the team increases the scarcity of BTCBULL. This amplifies any potential buy pressure on the crypto’s price, which, given the opportunity to receive free Bitcoin via the project’s airdrops, could already be strong. With this in mind, it’s easy to see why 99Bitcoins predicts a 10X rally for the meme coin once it launches.
Time Running Out For Investors To Buy BTCBULL At Presale Prices
BTC Bull Token has already managed to raise over $7.3 million through its ongoing presale, signaling strong investor confidence in the project’s future. Now, with less than a week left until the ICO ends, time is running out for interested investors to get in at this ground stage of the project.
Anyone that does not want to miss the opportunity can acquire BTCBULL via the simple buy widget embedded on the project’s website. Selling for $0.00258, BTCBULL can be bought with both crypto or bank card. Tokens can also be staked for a 55% APY.
Interested investors will want to buy before the presale ends in around 6 days.
Visit the official BTC Bull Token website.
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