{"id":625999,"date":"2025-02-12T11:44:09","date_gmt":"2025-02-12T11:44:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=625999"},"modified":"2025-02-12T11:44:09","modified_gmt":"2025-02-12T11:44:09","slug":"bitcoin-price-prediction-as-goldman-sachs-boosts-bitcoin-etf-holdings-to-1-5-billion-this-new-btc-meme-coin-ico-charges-toward-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-goldman-sachs-boosts-bitcoin-etf-holdings-to-1-5-billion-this-new-btc-meme-coin-ico-charges-toward-1-million","title":{"rendered":"Bitcoin Price Prediction: As Goldman Sachs Boosts Bitcoin ETF Holdings To $1.5 Billion, This New BTC Meme Coin ICO Charges Toward $1 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price fell 2.4% in the last 24 hours to trade at $95,371 as of 00:04 a.m. EST on trading volume that plunged 9% to $31 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That came despite news that Goldman Sachs upped its BTC ETF (exchange-traded fund) holdings by 114% to $1.52 billion. It purchased $1.28 billion worth of shares in the BlackRock iShares Bitcoin Trust (IBIT) and $288 million worth of Fidelity Wise Origin Bitcoin Fund (FBTC), according to a 13F filing on Feb. 11.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In a 13F filing today, Goldman Sachs reported the following positions as of December 31. For each position, the change in shares occurred during October, November and December (so this includes the post-election period):<\/p>\n<p>$1.27 billion IBIT (24,077,861 shares). This is an 88%&hellip;<\/p>\n<p>&mdash; MacroScope (@MacroScope17) <a href=\"https:\/\/twitter.com\/MacroScope17\/status\/1889416858656235977?ref_src=twsrc%5Etfw\">February 11, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>BTC Price Trading Within Support<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\"><span style=\"font-weight: 400;\">BTC price<\/span><\/a><span style=\"font-weight: 400;\"> bulls took control of the price in October after a prolonged consolidation within the $64,500 level to push it to an all-time high (ATH) of around $108,786.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the bulls lost control, as the Bitcoin price has been trading within a sideways pattern, between the $92,000 and the $108,000, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x4585fe77225b41b697c938b018e2ac67ac5a20c0\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> data.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC is now trading within the $95,426 support zone, slightly below the 50-day Simple Moving Average (SMA). However, the price of Bitcoin still remains above the 200-day SMA, which is a sign that BTC may still soar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Relative Strength Index (RSI) is showing signs of a correction, as the bears have taken over the price, as it drops towards the 30-oversold level, currently at 40.<\/span><\/p>\n<figure id=\"attachment_626001\" aria-describedby=\"caption-attachment-626001\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-626001\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31.png\" alt=\"Bitcoin Price Chart Analysis. Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-12_08-04-31-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-626001\" class=\"wp-caption-text\">Bitcoin Price Chart Analysis. Source: GeckoTerminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">If BTC continues to drop from the current support, the bears may push the price down towards the $72,290 support zone within the 200-day SMA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the price of Bitcoin rebounds from the current level, we could see the bulls target the $108,700 level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the BTC price aims for a rebound, investors are rushing to buy a new Bitcoin alternative called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">BTC Bull Token ($BTCBULL).<\/span><\/a><span style=\"font-weight: 400;\"> 99Bitcoins, a prominent YouTube channel with over 724k subscribers, says BTCBULL has the potential to soar 10X after launch<\/span><\/p>\n<p><iframe title=\"This Brand New Meme Coin Could Make Us Rich As Bitcoin Rises! Huge 10x Potential?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/J89DrxgxC2U?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><b>BTC Bull Token Presale Races Toward $1 Million<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">BTC Bull Token has gained instant traction in the crypto space, having raised over $856K in less than 48 hours after its launch.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Bitcoin marches toward the $1 million target, BTC BULL Token holders will get rewarded along the way. I<\/span>nvestors who hold $BTCBULL in&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\">Best Wallet<\/a> will receive free BTC airdrops when the Bitcoin price hits $150k and $200k.<\/p>\n<p>There will also be &rdquo;a huge $BTCBULL airdrop&rdquo; for the strongest hodlers when BTC hits $250,000, weighted by &rdquo;Community Sale purchase amount.&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The system failed us. So we created a new one. BTCBULL is leading the charge. &#128002;&#128293; <a href=\"https:\/\/t.co\/DSoZ7fPzt8\">pic.twitter.com\/DSoZ7fPzt8<\/a><\/p>\n<p>&mdash; BTCBULL_TOKEN (@BTCBULL_TOKEN) <a href=\"https:\/\/twitter.com\/BTCBULL_TOKEN\/status\/1889278936137498980?ref_src=twsrc%5Etfw\">February 11, 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;\">In addition to BTC airdrops, the team will also carry out token burns, permanently removing a portion of the total supply. The aim is to follow in Bitcoin&rsquo;s footsteps and increase scarcity and value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin Bull token holders can also earn passively by staking the tokens for an annual percentage yield (APY) of a huge 485%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested in participating in the presale can visit the official BTC Bull website to buy BTC BULL Tokens for $0.002355 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Buy before a price hike in less than 4 days to secure the best deal.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Check out BTC Bull here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><strong>Related News<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":626006,"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-625999","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 Prediction As This BTC Meme Coin ICO Nears $1M<\/title>\n<meta name=\"description\" content=\"The Bitcoin price fell 2.4% as traders pile into a BTC-themed ICO that gives away real BTC. 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