{"id":597742,"date":"2024-11-13T11:51:41","date_gmt":"2024-11-13T11:51:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=597742"},"modified":"2024-11-13T11:51:41","modified_gmt":"2024-11-13T11:51:41","slug":"is-it-too-late-to-buy-sbr-strategic-bitcoin-reserve-price-soars-45-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-sbr-strategic-bitcoin-reserve-price-soars-45-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy SBR? Strategic Bitcoin Reserve Price Soars 45% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Strategic Bitcoin Reserve price surged 45% in the last 24 hours <\/span>to trade at $2.68<\/span><\/a> as of 02:49 a.m. EST, with trading volume skyrocketing 43% to $11 million.<\/span><\/p>\n

This follows Senator Cynthia Lummis expressing confidence that a strategic Bitcoin reserve could be possible within DonaldTrump’s first 100 days in office.<\/span><\/p>\n

“With bipartisan support and the backing of the people, we can get this done in the first 100 days,” she said. ”It’s a game changer for our nation’s financial stability. Let’s put America on solid financial footing and pass the Bitcoin Act!”<\/span><\/p>\n

Strategic Bitcoin Reserve Price Could Continue Soaring<\/h2>\n

According to <\/span>GeckoTerminal<\/span><\/a> data, the Strategic Bitcoin Reserve price has shown strong upward momentum recently, reaching a peak close to $3.00 before pulling back to around $2.68.<\/span><\/p>\n

The Relative Strength Index (RSI) is above 70, currently at 77, which places it in overbought territory. Typically, when the RSI is this high, it indicates that the asset is overextended and may be due for a correction or consolidation. However, in a strong uptrend, RSI can remain overbought for extended periods.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) is in positive territory, with the MACD line above the signal line, which confirms the bullish momentum. The histogram is also showing green bars, indicating increasing buying pressure.<\/span><\/p>\n

If the bulls capitalize on the general bullish trend, the price of Strategic Bitcoin Reserve could soar even higher as the bulls aim for the next possible resistance at $3.5.<\/span><\/p>\n

\"Strategic
SBRUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

However, the high RSI level reinforces the potential for a short-term pullback, especially given the recent price peak. In this scenario, the $1.0 could still act as a formidable support level.<\/span><\/p>\n

Meanwhile, investors who are looking for diversification opportunities might consider the newly launched <\/span>Best Wallet (BEST)<\/span><\/a> presale.<\/span><\/p>\n

\n

🔥 The $BEST<\/a> token presale is officially live! 🔥<\/p>\n

For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!<\/p>\n

Join the presale now and secure your tokens at a discounted price. 🚀<\/p>\n

Download the app! 📲… pic.twitter.com\/VItxcDHAoE<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) November 11, 2024<\/a><\/p><\/blockquote>\n