{"id":620636,"date":"2025-01-23T13:27:10","date_gmt":"2025-01-23T13:27:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620636"},"modified":"2025-01-23T13:27:10","modified_gmt":"2025-01-23T13:27:10","slug":"bitcoin-price-prediction-as-blackrock-ceo-larry-fink-predicts-btc-will-hit-700k-this-no-kyc-wallet-token-ico-closes-on-8m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-blackrock-ceo-larry-fink-predicts-btc-will-hit-700k-this-no-kyc-wallet-token-ico-closes-on-8m","title":{"rendered":"Bitcoin Price Prediction: As BlackRock CEO Larry Fink Predicts BTC Will Hit $700K, This No-KYC Wallet Token ICO Closes On $8M"},"content":{"rendered":"<p>The Bitcoin price has slumped 2% in the last 24 hours to trade at $102,628 as of 3:30 a.m. EST on a 20% drop in trading volume to $61 billion.<\/p>\n<p>This plunge in the BTC price comes despite BlackRock CEO Larry Fink predicting Bitcoin could <a href=\"https:\/\/insidebitcoins.com\/news\/blackrock-ceo-larry-fink-sees-bitcoin-hitting-700k-as-goldman-sachs-ceo-says-btc-isnt-a-threat-to-the-dollar\">soar to $700,000 per coin<\/a>, driven by small allocations of 2%- 5% from asset managers and amid fears of currency debasement.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.<br> <a href=\"https:\/\/t.co\/V58UQHkEbU\">pic.twitter.com\/V58UQHkEbU<\/a><\/p>\n<p>&mdash; Bark (@barkmeta) <a href=\"https:\/\/twitter.com\/barkmeta\/status\/1882098367758835764?ref_src=twsrc%5Etfw\">January 22, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Fink described Bitcoin as an international instrument to counter economic or political instability concerns but clarified he was not promoting it. Fink also warned of persistent inflation risks over the next year, cautioning against assumptions that inflation has already peaked.<\/p>\n<h2>Bitcoin Price Encounters A Slight Pullback<\/h2>\n<p><span style=\"background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)\">The BTC\/USDT price action on the 1-day timeframe indicates a strong bullish trend as Bitcoin currently <\/span><a style=\"background-color: var(--bs-body-bg);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener\">trades at $102,628<\/a><span style=\"background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)\">.<\/span> Key support levels are $101,000 and a secondary level below $96,500. These levels serve as safety zones in case of a bearish correction.<\/p>\n<p>A well-defined ascending trendline indicates consistent upward momentum since late 2024. Historically, a falling wedge pattern in August acted as a reversal indicator, leading to the ongoing bullish rally. The current target price is around $110,000, indicated by a green arrow, signalling a potential breakout in the coming days.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-620650 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-23_10-55-49.png\" alt=\"Bitcoin price\" width=\"1281\" height=\"545\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-23_10-55-49.png 1281w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-23_10-55-49-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-23_10-55-49-1024x436.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/BTCUSDT_2025-01-23_10-55-49-768x327.png 768w\" sizes=\"(max-width: 1281px) 100vw, 1281px\"><\/p>\n<p style=\"text-align: center\">BTCUSDT Analysis Source: TradingView<\/p>\n<p>The Simple Moving Averages (SMAs) also support the bullish narrative. A significant bullish crossover occurred in October, marking the beginning of the upward trend. These SMAs now act as dynamic support levels, further stabilizing the price.<\/p>\n<p>In addition, the Relative Strength Index (RSI) is also at 56.51, signaling strong bullish momentum while staying below the overbought threshold of 70. This suggests that bulls have more opportunities to increase the price of Bitcoin.<\/p>\n<p>The LuxAlgo indicator has generated multiple buy signals (marked &ldquo;B&rdquo;) throughout the trend, reaffirming the bullish sentiment. Trendline breaks above key resistance levels suggest strong market confidence. However, if the price drops below $101,000, there could be a pullback to $96,500.<\/p>\n<p>Bitcoin&rsquo;s price action appears poised for further growth if it can surpass the $110,000 resistance. A successful breakout could see the price rally toward $115,000 or even $120,000. Conversely, a failure to maintain current support levels might lead to a bearish correction.<\/p>\n<h2>Best Wallet Presale Closes On $8 Million-Best Crypto To Buy Now?<\/h2>\n<p><span style=\"margin: 0px;padding: 0px\">The Bitcoin price is still generally bullish. However, as the price gears up for another bullish rally, investors are flocking to this <a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" target=\"_blank\" rel=\"noopener nofollow\">Best Wallet (BEST)<\/a> presale, pushing the project&rsquo;s early-stage raise past $7.9 million.<\/span><\/p>\n<p>Best Wallet is an all-in-one platform designed to help users navigate the Web3 world. It combines features like a decentralized exchange (DEX), wallet management, and tools to make handling crypto assets simpler and more efficient.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Built for simplicity, powered by innovation.<\/p>\n<p>Best Wallet is your all-in-one solution for managing, trading, and tracking crypto. Unlock exclusive access to powerful tools and ALPHA on the hottest new projects! &#128293;<\/p>\n<p>Download Now &#128242; <a href=\"https:\/\/t.co\/he5kzra7TY\">https:\/\/t.co\/he5kzra7TY<\/a> <a href=\"https:\/\/t.co\/tk0loLzzId\">pic.twitter.com\/tk0loLzzId<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1881310792215040167?ref_src=twsrc%5Etfw\">January 20, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>What sets it apart is the &ldquo;Upcoming Tokens&rdquo; section, where users can spot promising tokens before they launch. The wallet has already proven itself by identifying tokens <span style=\"margin: 0px;padding: 0px\">like <a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" target=\"_blank\" rel=\"noopener nofollow\">Pepe<\/a><\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"> Unchained (PEPU)<\/a>&nbsp; and <a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\">Catslap (SLAP)<\/a> that has delivered massive returns for early investors.<\/p>\n<p><span style=\"margin: 0px;padding: 0px\">One of the hottest picks in the &ldquo;Upcoming Tokens&rdquo; section is <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" target=\"_blank\" rel=\"noopener nofollow\">Solaxy (SOLX),<\/a> a new Solana-based meme coin and the first layer-2 solution on the Solana network, which has already raised over $13.6 million in its presale.<\/span><\/p>\n<p>In addition, BEST token holders can now stake their tokens for an impressive annual return of 228%.<\/p>\n<p>An analyst from the popular YouTube channel 99Bitcoins, with over 719k subscribers, called BEST a potential game-changer.<\/p>\n<p><iframe title=\"Huge Gains Ahead For The Best ICO Tokens Of 2025! BestWallet Offers The Best Crypto Wallet!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/_CK1vZOf8Yc?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<p>Users can also participate in the Best Wallet airdrop by completing simple tasks to earn BEST tokens and boost their rewards.<\/p>\n<p>To join the presale, you can buy BEST tokens for $0.0237 each.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\">Buy BEST tokens here before a scheduled presale price hike in less than 14 hours.<\/a><\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/murads-meme-coin-picks-boost-interest-in-indexes-as-meme-index-ico-surges-past-2-7-million\">Murad&rsquo;s Meme Coin Picks Boost Interest In Indexes As &lsquo;Meme Index&rsquo; ICO Surges Past $2.7M<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/pudgy-penguins-price-prediction-as-pengu-jumps-3-investors-turn-to-this-innovative-crypto-for-diversified-exposure-to-meme-coins\">PENGU Jumps 3%, Investors Turn To This Innovative Crypto<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/meme-index-ico-approaches-3m-fueled-by-meme-coin-trading-hype\">Meme Index ICO Approaches $3M<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - Manage Your Crypto<\/p>\n                                    <\/div>\n           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<\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price has slumped 2% in the last 24 hours to trade at $102,628 as of 3:30 a.m. EST on a 20% drop in <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1965,"featured_media":618696,"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-620636","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) - 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