{"id":614293,"date":"2024-12-30T11:07:17","date_gmt":"2024-12-30T11:07:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=614293"},"modified":"2024-12-30T11:08:25","modified_gmt":"2024-12-30T11:08:25","slug":"bitcoin-price-prediction-as-michael-saylor-hints-at-new-btc-buy-today-this-crypto-wallet-surges-past-6m-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-michael-saylor-hints-at-new-btc-buy-today-this-crypto-wallet-surges-past-6m-in-presale","title":{"rendered":"Bitcoin Price Prediction: As Michael Saylor Hints At New BTC Buy Today, This Crypto Wallet Surges Past $6M In Presale"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price dropped 1.4% in the last 24 hours to trade at $96,059 as of 02:12 a.m. EST on trading volume that surged 63% to $35 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as MicroStrategy co-founder Michael Saylor posted a Bitcoin chart from the SaylorTracker website on Dec. 29. Saylor, who is a BTC permabull, has often posted a BTC chart on Sundays before making a BTC purchase the following day.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Disconcerting blue lines on <a href=\"https:\/\/t.co\/Bx3917zMqi\">https:\/\/t.co\/Bx3917zMqi<\/a>. <a href=\"https:\/\/t.co\/xPl4GTKU3E\">pic.twitter.com\/xPl4GTKU3E<\/a><\/p>\n<p>&mdash; Michael Saylor&#9889;&#65039; (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1873353661537284211?ref_src=twsrc%5Etfw\">December 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price Aims For A Bullish Trend Reversal<\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\"><span style=\"font-weight: 400;\">Bitcoin price<\/span><\/a><span style=\"font-weight: 400;\"> analysis on the 4-hour timeframe displays a distinct transition in price behavior over the past few weeks. Initially, the Bitcoin price exhibited a strong bullish trend, with a clear upward trajectory highlighted by a series of higher highs and higher lows. This momentum was supported by the 50-day Simple Moving Average (SMA) consistently staying above the 200-day SMA, indicating a bullish crossover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, after reaching a local high near the $108,000 level, the BTC price began to reverse, forming a significant lower high, a classic sign of weakening bullish momentum, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/arbitrum\/pools\/0x2f5e87c9312fa29aed5c179e456625d79015299c\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> data. The subsequent breakdown of the 50-day SMA has shifted the narrative to a more bearish or sideways consolidation phase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the price appears to be range-bound between $92,000 and $98,000, as highlighted by the purple rectangle. This sideways consolidation is often indicative of indecision in the market, as both buyers and sellers struggle for control. The Bitcoin price is now testing the lower boundary of the range, which could serve as critical support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Relative Strength Index (RSI) is at 40.08, hovering slightly above oversold levels (30). This suggests that while the market is losing momentum, it has not yet entered oversold conditions, leaving room for further downside pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the current market structure and indicator readings, the BTC price is likely to remain within the $92,000 &ndash; $97,000 range in the short term. If the price breaks below the $92,000 support with high volume, it could pave the way for a drop to the $88,000 &ndash; $90,000 region, which serves as the next major support zone.<\/span><\/p>\n<figure id=\"attachment_614296\" aria-describedby=\"caption-attachment-614296\" style=\"width: 1636px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-614296\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45.png\" alt=\"Bitcoin Price Chart Analysis Source: GckoTerminal\" width=\"1636\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45.png 1636w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45-768x313.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/WBTC_2024-12-30_10-23-45-1536x625.png 1536w\" sizes=\"(max-width: 1636px) 100vw, 1636px\"><figcaption id=\"caption-attachment-614296\" class=\"wp-caption-text\">BTC\/USD Chart Analysis Source: GckoTerminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Conversely, a break above the $97,000 resistance, accompanied by a surge in volume, could see the price reclaim the 50-day SMA and retest the $100,000 psychological level.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, investors are flocking to the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Best Wallet ($BEST) presale<\/span><\/a><span style=\"font-weight: 400;\">, which has already surpassed $6 million in funding.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Crypto Gains, a popular YouTuber with over 141K subscribers, $BEST has the potential to deliver 10x returns.<\/span><\/p>\n<p><iframe title=\"&#128293; Best Wallet: Token Presale! It's Like Investing In Metamask If That Had A Coin! EASY 10X?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/jN9c2Jh36DY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Best Wallet Crosses $6M In Presale For Cross-Chain Web3 Wallet<\/h2>\n<p><span style=\"font-weight: 400;\">Best Wallet is an innovative cross-chain Web3 wallet supporting 60+ blockchains, featuring a built-in DEX, presale aggregator, and crypto debit card.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Best Wallet is quickly gaining traction and is now competing with popular wallets like Trust Wallet and MetaMask, with potential to outpace them due to its unique features.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Find the next GEM with Upcoming Tokens! &#128142;<\/p>\n<p>Explore the newest projects gaining traction and act early. Best Wallet&rsquo;s Upcoming Tokens feature gives you exclusive insights into the next big thing. &#128293;<\/p>\n<p>Download now! &#128242; <a href=\"https:\/\/t.co\/RZCs6fkyKm\">https:\/\/t.co\/RZCs6fkyKm<\/a> <a href=\"https:\/\/t.co\/q5tD5Gyvj6\">pic.twitter.com\/q5tD5Gyvj6<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1872975834845229321?ref_src=twsrc%5Etfw\">December 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">A key feature that sets Best Wallet apart is its &ldquo;Upcoming Tokens&rdquo; section, a presale aggregator that identifies high-potential projects.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This feature has already delivered impressive results and flagged <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-all-stars-confirms-first-cex-listings-sending-stars-price-surging-44\"><span style=\"font-weight: 400;\">Crypto All-Stars<\/span><\/a><span style=\"font-weight: 400;\"> to investors recently before it skyrocketed 1,373%.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors can also stake BEST tokens for a huge 353% annual return.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128142; What can holding <a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEST<\/a> unlock for you? &#128142;<a href=\"https:\/\/twitter.com\/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEST<\/a> isn&rsquo;t just a token&mdash;it&rsquo;s your key to maximising everything Best Wallet has to offer:<\/p>\n<p>&#10004;&#65039; Get early access to new projects<br>&#10004;&#65039; Reduced transaction fees<br>&#10004;&#65039; Enjoy higher staking rewards<br>&#10004;&#65039; Exclusive token airdrops<\/p>\n<p>Download Now &#128242;&hellip; <a href=\"https:\/\/t.co\/JpnCMgWQjc\">pic.twitter.com\/JpnCMgWQjc<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1871179220862353497?ref_src=twsrc%5Etfw\">December 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Currently, BEST tokens are priced at $0.0234. Interested investors should buy before a price hike in a little less than 18 hours.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy Best here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-breaks-records-daily-reaches-38-million-best-meme-coin-to-buy\"><span style=\"font-weight: 400;\">Wall Street Pepe Breaks Records Daily, Reaches $38 Million&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/aixbt-by-virtuals-price-prediction-aixbt-surges-18-as-this-pepe-derivatives-blockbuster-ico-explodes-past-38-million\"><span style=\"font-weight: 400;\">AIXBT Price Surges 18% As This Pepe Derivative&rsquo;s ICO Explodes Past $38 Million<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price dropped 1.4% in the last 24 hours to trade at $96,059 as of 02:12 a.m. EST on trading volume that surged 63% <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":614297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-614293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Analysis As This Crypto Wallet ICO Surges Past $6M<\/title>\n<meta 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