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The Bitcoin price has risen 3% in the last 24 hours to trade at $86,677 as of 12:00 a.m. EST on a 72% pump in trading volume to $16.5 billion.
This jump in the BTC price follows MicroStrategy’s recent capital raise of $711 million through its preferred stock offering, with co-founder Michael Saylor hinting at another Bitcoin purchase. On March 17, the company acquired 130 BTC for $10.7 million, bringing its total holdings to 499,226 BTC.
Needs more Orange. pic.twitter.com/BRyWs1ey80
— Michael Saylor⚡️ (@saylor) March 23, 2025
Saylor remains a strong advocate for Bitcoin adoption, encouraging the US government to acquire 25% of Bitcoin’s total supply by 2035. He also proposed a comprehensive digital asset strategy for the US. Despite market volatility, MicroStrategy’s Bitcoin investment remains up over 28%, with $9.3 billion in unrealized gains.
Bitcoin Price Rebounds On A Strong Support Zone – Can The Bulls Sustain The Momentum?
The BTC/USDT in the 1-day timeframe indicates a shift in Bitcoin’s price action. Despite the recent bullish momentum, Bitcoin faced strong resistance around $100,000, causing multiple rejections and marking it as a critical resistance zone.
Currently, the Bitcoin price has established a solid support level at around $80,000, with multiple bounces confirming this price floor. A rounded bottom pattern is emerging, often signaling a potential reversal and the beginning of a new uptrend.
BTCUSDT Analysis Source: Tradingview
Additionally, the chart shows a fair value gap (FVG), representing an imbalance that could act as a magnet for price action. If the upward momentum persists, Bitcoin may target this FVG region, with the next key resistance level near $90,000.
The RSI (Relative Strength Index) is currently at 50.79, indicating neutral momentum. After dipping below 45, signaling temporary oversold conditions, the RSI has rebounded, indicating increasing buying interest.
If MicroStrategy pursues another acquisition, Bitcoin could break through the $90,000 resistance and approach the psychologically $100,000 level.
On the downside, the $80,000 support remains a crucial level to monitor. With current market dynamics and institutional buying interest, Bitcoin’s short-term outlook appears bullish, pending confirmation of the anticipated upward breakout.
BTC Bull Token (BTCBULL) Presale Closes On $4 Million – Best Crypto To Buy Now?
As the Bitcoin price continues its bullish momentum, investors looking to position themselves for potential gains might consider BTC Bull Token (BTCBULL) as a promising option.
This Bitcoin-themed meme coin has already raised over $3.9 million in its ongoing presale, attracting significant attention.
With its innovative approach and Bitcoin’s upward trajectory, BTC Bull Token stands out as a compelling opportunity in the crypto space.
BTC Bull Token is designed to celebrate and support Bitcoin’s journey to $1 million per coin. It offers unique incentives to holders, including Bitcoin airdrops and BTCBULL token burns at key price milestones.
BTCBULL has breached the system. Bitcoin is here to stay. ⚡ $CTX $PRQ $SPA pic.twitter.com/1ri7pxPFD8
— Nadeem632 (@Nadeem6321) February 24, 2025
Token holders using Best Wallet will receive free Bitcoin airdrops starting when Bitcoin reaches $150K, with additional airdrops for every $50K increase thereafter.
Additionally, BTCBULL will conduct token burns, starting at $125K and continuing at every $50K milestone. These burns will permanently reduce the token supply, increasing scarcity and potentially driving up its value. The combination of airdrops and burns creates a dynamic that could attract further investor interest.
Crypto analyst and YouTuber Alessandro De Crypto, with over 14.4K subscribers, has endorsed BTCBULL, revealing his own investment and predicting significant potential gains for the meme coin.
Adding to the excitement, investors can also earn a 105% annual return when they stake their BTCBULL tokens.
Interested investors can purchase the meme coin via the buy widget embedded on the project’s website using either crypto or bank card.
Selling for $0.002425, anyone looking to buy at the best rate will want to act fast before the next presale hike scheduled in just over 25 hours.
Check out BTC Bull Token on the official website.
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