{"id":624462,"date":"2025-02-06T03:35:35","date_gmt":"2025-02-06T03:35:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624462"},"modified":"2025-02-06T03:35:35","modified_gmt":"2025-02-06T03:35:35","slug":"bitcoin-price-prediction-as-microstrategy-rebrands-to-show-pro-btc-ethos-and-this-crypto-wallet-token-raises-9-1-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-microstrategy-rebrands-to-show-pro-btc-ethos-and-this-crypto-wallet-token-raises-9-1-million-in-presale","title":{"rendered":"Bitcoin Price Prediction As MicroStrategy Rebrands To Show Pro-BTC Ethos And This Crypto Wallet Token Raises $9.1 Million In Presale"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price is down more than 6% over the last week following a minor 24-hour loss to trade at $97,326.27 as of 10:01 p.m. EST as investors shift their focus away from the leading crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amid the drop in the BTC price, software firm MicroStrategy, led by Bitcoin bull Michael Saylor, has rebranded to &ldquo;Strategy.&rdquo; To reflect the company&rsquo;s pro-Bitcoin ethos, the firm has also adopted a Bitcoin-themed visual marketing scheme.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy is now Strategy. <a href=\"https:\/\/t.co\/p6UvQgOvnz\">https:\/\/t.co\/p6UvQgOvnz<\/a><\/p>\n<p>&mdash; Michael Saylor&#9889;&#65039; (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1887201369544614326?ref_src=twsrc%5Etfw\">February 5, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin Price Forms A Bearish Channel On The 4-Hour Chart<\/span><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/g\/GuD6s6Hk.png\" alt=\"BINANCE:BTCUSDT Chart Image by StevenWalgenbach\"><\/p>\n<p><span style=\"font-weight: 400\">4-hour chart for BTC\/USDT (Source: <\/span><span style=\"font-weight: 400\">TradingView<\/span><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/trump-crypto-czar-david-sacks-predicts-golden-age-for-digital-assets-hails-bitcoin-as-excellent-store-of-value\"><span style=\"font-weight: 400\">Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> price has <a href=\"https:\/\/www.tradingview.com\/x\/GuD6s6Hk\/\">printed<\/a> a series of lower lows and lower highs in the last 48 hours on the 4-hour chart, resulting in the formation of a bearish price channel. Should the leading crypto continue to trade within this descending channel, it could end up testing the $93,904.24 support soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the bearish thesis could be invalidated if BTC is able to break above the upper boundary of the negative channel, which coincides with the $98,063.55 resistance. Overcoming this mark might lead to a more bullish scenario playing out wherein the Bitcoin price tries to flip the $102,964.28 resistance back into support.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Persistent buy pressure could even result in a climb to as high as $108,807.48.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Technicals Suggest Bulls Might Soon Take Control Of The Bitcoin Price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">From a technical standpoint, there are two bullish technical flags that are on the verge of being triggered by the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on BTC&rsquo;s 4-hour chart.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the last few hours, the MACD line and MACD Signal line have been trading at almost the same level. This suggests uncertainty in the market. However, the MACD line is now slowly starting to cross above the MACD Signal line.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Should this intersection happen and the MACD line starts to break away above the MACD Signal line, it could indicate that BTC has entered a positive trend. Traders might react to this technical signal by entering into long positions for the leading <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-as-david-sacks-predicts-a-golden-age-for-digital-assets-under-trump\"><span style=\"font-weight: 400\">crypto<\/span><\/a><span style=\"font-weight: 400\">, which could result in an increase in the Bitcoin price.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the RSI is rising towards its Simple Moving Average (SMA) line on the 4-hour chart as well. This is an early bullish signal, which could lead to the RSI breaking above the SMA. Should this happen, traders might interpret it as a sign of a bullish shift in power on BTC&rsquo;s charts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While bulls try to regain control of the Bitcoin price, investors flock to the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\"><span style=\"font-weight: 400\">Best Wallet (BEST)<\/span><\/a><span style=\"font-weight: 400\"> presale for gains. Several experts have stepped forward to share their bullish predictions for the new crypto wallet token. Among them is Crypto Gains, a YouTuber with more than 141K subscribers, who says BEST has the potential to surge 10X after its launch.<\/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><span style=\"font-weight: 400\">The Only Crypto Wallet Investors Will Ever Need<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Best Wallet is a crypto wallet that offers crypto traders and investors with all of the features needed to safely store and grow their digital asset holdings.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">With support for more than 60 blockchains and their native tokens and coins, the application also gives users the ability to import their wallets from across the Web3 ecosystem to make it easier to manage their portfolios. Users can, however, rest assured that their assets held in Best Wallet are as safe as can be, since the application is non-custodial.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Once in the app, users can then take advantage of all of the features Best Wallet has to offer. This can include growing their crypto holdings passively through in-app staking across all of the supported blockchains. Users can also take a more active role and switch between cryptos with Best Wallet&rsquo;s swap feature in order to capitalize on changing market conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The BEST ecosystem includes the Best Card as well, which lets users spend their crypto assets with the same ease as they would spend traditional fiat currencies.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Spot New Tokens Before the Crowd &#128640;<\/p>\n<p>Get exciting Alpha on upcoming projects with Best Wallet. Track new token listings, see your balances before claims, and manage everything in one place.<\/p>\n<p>Stay ahead, stay ready. &#9889;&#65039;<\/p>\n<p>&#128242; <a href=\"https:\/\/t.co\/he5kzra7TY\">https:\/\/t.co\/he5kzra7TY<\/a> <a href=\"https:\/\/t.co\/GIxFCWZH3S\">pic.twitter.com\/GIxFCWZH3S<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1885622893331026345?ref_src=twsrc%5Etfw\">February 1, 2025<\/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\">There is also Best Wallet&rsquo;s popular &ldquo;Upcoming Tokens&rdquo; section, which flags high-potential cryptos that are still in their early stages. This functionality has already proven itself by identifying <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\"><span style=\"font-weight: 400\">Catslap (SLAP)<\/span><\/a><span style=\"font-weight: 400\">, which have both gone on to print massive gains for investors who bought in when Best Wallet first spotlighted the tokens.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Investors Rush To Buy BEST During Presale<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Investors who buy Best Wallet&rsquo;s native BEST token also unlock additional benefits such as increased staking rewards, lower transaction fees and the early access to new projects.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Anyone can gain access to these benefits by buying BEST, which is currently in presale, and can be bought with either crypto or bank card via the widget on the project&rsquo;s website. So far, the crypto has raised more than $9.1 million at this early stage.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy and stake BEST here to unlock a 187% APY.<\/span><\/a><\/p>\n<h3><span style=\"font-weight: 400\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/ai-agent-crypto-mind-of-pepe-surges-past-5m-in-presale-in-just-three-weeks\"><span style=\"font-weight: 400\">AI Agent Crypto MIND Of Pepe Surges Past $5M In Presale<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/trump-crypto-czar-david-sacks-predicts-golden-age-for-digital-assets-hails-bitcoin-as-excellent-store-of-value\"><span style=\"font-weight: 400\">Trump Crypto Czar David Sacks Predicts &rdquo;Golden Age&rdquo; For Digital Assets<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/colombian-authorities-intensify-crackdown-on-unlicensed-gambling-platforms-and-revise-online-gaming-taxation\"><span style=\"font-weight: 400\">Colombian Authorities Intensify Crackdown on Unlicensed Gambling<\/span><\/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                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                 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\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price is down more than 6% over the last week following a minor 24-hour loss to trade at $97,326.27 as of 10:01 p.m. <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":624463,"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-624462","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 Drops 6% In A Week As This ICO Hits $9.1M<\/title>\n<meta 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