Join Our Telegram channel to stay up to date on breaking news coverage
The Bitcoin price rose over 2% in the last 24 hours to trade at $87,225.38 as of 9:39 p.m. EST as investors start to buy the crypto.
The uptick in the BTC price comes after Strategy executive chair Michael Saylor hinted at another Bitcoin buy. In An April 20 X post, Saylor posted a screenshot of the SaylorTracker platform with the caption, “Insufficient Orange.” His past posts including the SaylorTracker platform have been followed by a Strategy Bitcoin buy announcement.
Insufficient Orange. pic.twitter.com/Gz36jJELBs
— Michael Saylor (@saylor) April 20, 2025
Bitcoin Price Breaks Resistance
Daily chart for BTC/USDT (Source: TradingView)
The Bitcoin price broke above the resistance level at $84,993.15 in the last 24 hours. Should the leading crypto close today’s daily candle above this price barrier, it could have the foundation needed to rise to the subsequent mark at $94,650.81 in the next few days. In an extremely bullish case, BTC might even rise to as high as $100,098.71.
However, a drop to back below the $84,993.15 mark within the next 24 hours could expose the Bitcoin price to the risk of dropping down to $75,583.11 in the short term.
Technicals Suggest The Bitcoin Price Might Keep Climbing
From a technical standpoint, momentum seems to be in favor of bulls. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Bitcoin price might keep rising in the next 48 hours.
That’s after the MACD line started to break away above the MACD Signal line throughout the past day of trading. The current alignment, with the MACD above the Signal line, is bullish, while the growing gap between them suggests increasing bullish momentum.
Additionally, the RSI line is positioned above its Simple Moving Average (SMA) line on the daily chart as well. This could indicate that buyers currently have an upper hand against sellers. The current RSI reading in the high 50s also suggests that there is still room for the Bitcoin price to climb before it enters overbought territory, usually signaled by an RSI above 70.
While Bitcoin technicals flash bullish, investors flock to BTC Bull Token (BTCBULL). Influential YouTube channel 99Bitcoins, which has over 725K subscribers, predicts the crypto could soar 10X after launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that wants to support the largest crypto by market cap on its journey to $1 million per coin and beyond. As the BTC price reaches new heights, the project will execute a series of Bitcoin airdrops and BTCBULL token burns at certain price milestones.
The BTC airdrops will start when the Bitcoin price hits $150K for the first time, and will see BTCBULL token holders receive free BTC. Thereafter, every $50K increase in the crypto market leader’s price will result in airdrops as well.
The BTCBULL token burns will start earlier, when the Bitcoin price reaches $125K for the first time. Every subsequent $25K milestone will then also permanently remove tokens from the supply.
The combination of Bitcoin airdrops and BTCBULL token burns could lead to a skewed supply and demand ratio. As investors rush to buy the meme coin to get in on the BTC airdrops, the shrinking supply will make BTCBULL more scarce, which could ignite a rally for the meme coin.
With Bitcoin nearing the $90K mark, the next milestone at $125K, which will trigger a BTCBULL token burn, is just around the corner.
Investors Bet Big On BTCBULL’s Future
BTC Bull Token has raised over $4.8 million through its ongoing ICO so far, signaling strong demand for the meme coin at this early stage. With the bullish predictions by experts like 99Bitcoins, the potential to receive free Bitcoin, and the project’s meme coin appeal, it’s no wonder a buying frenzy has erupted around BTCBULL.
Interested investors can participate in the presale by purchasing BTCBULL through the easy-to-use widget embedded on the project’s website. Selling for $0.00247, BTCBULL can be bought with both crypto or bank card. Once bought, the BTCBULL tokens can also be locked up in the project’s presale staking pool, which offers an 85% APY.
Anyone looking to buy and secure the best deal will want to act fast, because BTCBULL’s price will undergo a series of presale increases as its ICO progresses. The next price hike will happen in just over 7 hours.
Check out BTCBULL on its official website.
Related Articles:
- Raydium Challenges Solana’s Pump.Fun With LaunchLab Debut
- ‘Base Is For Everyone’ Token Soars 88%, Top Trends
- Polygon Flips Ethereum In Weekly NFT Sales
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
