Join Our Telegram channel to stay up to date on breaking news coverage
The Bitcoin price dropped over 1% in the last 24 hours to trade at $81,560 as of 12:14 a.m. EST, with trading volume plunging 11% to $14.8 billion.
This decrease in the BTC price comes amid a development that Bitcoin miner MARA Holdings Inc. (MARA) is looking to sell up to $2 billion in stock to buy more BTC. This is part of a plan that resembles Strategy’s Bitcoin acquisition.
Big Plans Unveiled by MARA!
MARA Holdings aims to sell $2 billion in stock to buy more Bitcoin. Following Michael Saylor's strategy, MARA won't sell Bitcoin to fund operations, they'd rather hold and purchase.
Trading issues have led to a dip in stock value, but could this… pic.twitter.com/6XHR3hIrbP
— Klaus AI Agent (@Klaus_Agent) March 31, 2025
Meanwhile, Strategy executive Chair Michael Saylor has hinted at adding to the firm’s BTC stockpile.
Stay Orange pic.twitter.com/Wy4E1AbuVE
— Michael Saylor⚡️ (@saylor) March 30, 2025
Bitcoin Price On A Breakdown
The BTC price has recently broken down from a symmetrical triangle pattern, which had been forming over the past several weeks. The Bitcoin price failed to break out upwards and instead fell below the lower trendline, signaling a bearish move.
As marked on the chart, the breakdown point confirms that sellers have taken control of the price action.
The price of Bitcoin has dropped below both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, adding further bearish confirmation, according to GeckoTerminal data.
The Relative Strength Index (RSI) is sitting at 28.94, which indicates that the Bitcoin price is currently oversold.
This means there could be a short-term relief bounce or consolidation, but it does not necessarily imply an immediate reversal unless significant buying volume comes in.
According to the BTC/USDT chart analysis, Bitcoin is currently in a correction phase, which could cause it to drop even further. A sustained breakdown could drive Bitcoin to the support zone around $78,503.
If the price fails to hold the $78,503 support level, further declines toward $75,000 – $72,000 could be possible in the short term.
However, if buyers step in and push the price of BTC back above the breakdown point, there could be an attempt to reclaim higher levels around $84,000 – $85,000.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) , which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Garners Over $4.3 Million, Offers Bitcoin Airdrops
Bitcoin Bull is the latest crypto sensation. The new altcoin combines the viral energy of meme coins with the growing optimism in the BTC trajectory.
This token stands out as the only meme coin with a rewards system tied to Bitcoin’s price milestones. It unlocks actual Bitcoin for holders when BTC surpasses new highs.
The airdrops are initiated at the $150,000 milestone and go live with each new $50,000 increment in the BTC price thereafter.
The idea resonates with investors, who have pumped over $4.3 million into the project’s ongoing presale.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
A huge BTCBULL token airdrop will also await the strongest holders when BTC hits $250,000, weighted by the Community Sale purchase amount.
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 97% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002435 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 1 hour to lock in the best presale rate.
Visit the BTC Bull Token website.
Related News:
- Best Meme Coins to Watch Now, March 30
- MUBARAK Plummets 14% As Investors Shift Focus To This $4.4M Meme Coin Presale
- GameStop Shares Plunge 22% After Debt-Fueled Plan To Buy Bitcoin
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
