{"id":628960,"date":"2025-02-21T12:51:56","date_gmt":"2025-02-21T12:51:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=628960"},"modified":"2025-02-21T12:51:56","modified_gmt":"2025-02-21T12:51:56","slug":"bitcoin-price-prediction-as-new-fbi-director-kash-patel-holds-115k-worth-of-btc-does-he-know-this-ico-will-give-him-more-for-free","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-new-fbi-director-kash-patel-holds-115k-worth-of-btc-does-he-know-this-ico-will-give-him-more-for-free","title":{"rendered":"Bitcoin Price Prediction: As New FBI Director Kash Patel Holds $115k Worth Of BTC, Does He Know This ICO Will Give Him More For Free?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price edged up over 1% in the last 24 hours to trade at $98,341 as of 03:42 a.m. EST on trading volume that surged 60% to $40.7 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The slight uptick in the BTC price follows a disclosure that newly confirmed director of the Federal Bureau of Investigation (FBI) in the United States, Kash Patel, personally holds $115,000 worth of Bitcoin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#127482;&#127480; NEW FBI DIRECTOR OWNS $150,000 IN <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> ETFS.<\/p>\n<p>NEXT 4 YEARS ARE GOING TO BE WILD &#128640; <a href=\"https:\/\/t.co\/LGYZls2DhM\">pic.twitter.com\/LGYZls2DhM<\/a><\/p>\n<p>&mdash; Vivek&#9889;&#65039; (@Vivek4real_) <a href=\"https:\/\/twitter.com\/Vivek4real_\/status\/1892665402812969079?ref_src=twsrc%5Etfw\">February 20, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price On A Bullish Breakout From A Falling Wedge<\/h2>\n<p><span style=\"font-weight: 400\">The 4-hour chart of the <\/span><span style=\"font-weight: 400\">BTC price<\/span><span style=\"font-weight: 400\"> <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">highlights<\/a> a falling wedge pattern, which is a bullish reversal formation. The Bitcoin price has successfully broken out of the wedge, signaling a potential trend shift from consolidation to an uptrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the 50 Simple Moving Average (SMA) (white line) at $96,517.45 is below the 200 SMA at $99,873.72, indicating a prior bearish trend, <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x99ac8ca7087fa4a2a1fb6357269965a2014abc35\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> data shows.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the BTC price has moved above the 50-period SMA, a sign of growing bullish momentum. The next major hurdle is the 200-period SMA at $99,873.72, which could act as resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) is at 63.37, which is in bullish territory but not yet overbought. This suggests there is still room for further upside before a potential correction.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-628966\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05.png\" alt=\"Bitcoin Price Chart\" width=\"1637\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05-768x312.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-21_11-42-05-1536x625.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><\/p>\n<h2>BTC Price Prediction &ndash; 105K Possible?<\/h2>\n<p><span style=\"font-weight: 400\">With the breakout confirmed, the Bitcoin price could target the $105,000 resistance level in the near term. If it surpasses the 200 SMA at $99,873.72, bullish momentum could accelerate further.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a pullback or retest of the breakout zone near $95,000 &ndash; $96,500 is possible before continuation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are piling into a new Bitcoin-themed meme coin 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\"> that will give free Bitcoin to token holders. 99Bitcoins, a prominent YouTube channel with over 725k 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>BTC Bull Token Presale Surges Past $2.5 Million &ndash; A Promising Alternative<\/h2>\n<p><span style=\"font-weight: 400\">Interest in Bitcoin-linked projects remains high, with newcomer BTC Bull Token now closing on the $3 million mark in the first week of its presale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The project aims to reward token holders with actual Bitcoin when BTC crosses certain price thresholds, starting with $150,000. <\/span><span style=\"font-weight: 400\">These rewards continue with each $50,000 increase in Bitcoin&rsquo;s price, potentially giving holders multiple opportunities to earn actual BTC without directly buying it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Beyond these Bitcoin rewards, the project incorporates token burns that kick in when BTC reaches $125,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin Bull token holders can also earn passively by staking the tokens for a 171% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.002375 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy BTCBULL before a price hike in less than 2 days to secure the best deal.<\/span><\/a><\/p>\n<h2>Related News:<\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/top-5-cryptos-to-watch-in-february-2025-next-10x-meme-coin-gems\"><span style=\"font-weight: 400\">Top 5 Cryptos to Watch in February 2025 &ndash; Next 10x Meme Coin Gems?<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/strategy-founder-michael-saylor-urges-us-to-buy-20-of-bitcoin-supply-worth-393-billion\"><span style=\"font-weight: 400\">Strategy Founder Michael Saylor Urges US To Buy 20% Of Bitcoin Supply&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-plunges-11-in-a-week-as-this-layer-2-meme-coin-ico-goes-parabolic-best-crypto-to-buy-now\"><span style=\"font-weight: 400\">SOL Plunges 11% In A Week As This Layer-2 Meme Coin ICO Goes Parabolic<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                           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