Bitcoin Price Analysis: As US Government Transfers $1.9B Of BTC To Coinbase, This Crypto Wallet ICO Closes On $2 Million

The
Bitcoin
price
experienced
a
slight
drop
in
the
last
24
hours
to
trade
at
$95,369.54
as
of
2:40
a.m.
EST
as
some
investors
decrease
their
exposure
to
the
largest
crypto
by
market
cap.

The
minor
retracement
in
the
BTC
price
comes
after
the
US
government
transferred
more
than
$1.9
billion
worth
of
Bitcoin
that
was
seized
from
Silk
Road
to
a
Coinbase
Price
wallet.

Data
from
the
on-chain
analytics
platform


Arkham
Intelligence

shows
that
a
wallet
linked
to
the
US
Government
moved
roughly
19,800
BTC
on
Dec.
2.

Bitcoin
Price
Stuck
In
Consolidation

4-hour
chart
for
BTC/USDT
(Source:


TradingView)

The


Bitcoin

price
has
been
in
a
consolidation
phase
between
$94,319.21
and
$98,751.43
in
the
last
few
days.
This
might
be
an
accumulation
period
before
the
market
leader
enters
into
another
leg
up. 

If
BTC
starts
to
rally,
it
could
try
to
flip
the
resistance
level
at
$98,751.43
into
support.
Thereafter,
continued
buy
pressure
could
push
the
Bitcoin
price
to
a
new
all-time
high
and
potentially
even
to
above
the
psychological
$100,000
barrier.

Conversely,
a
breakdown
of
the

Bitcoin

price
in
the
short
term
could
lead
to
BTC
losing
the
$94,319.21
support.
Falling
below
this
mark
might
then
result
in
the
leading
crypto’s
price
falling
to
the
subsequent
technical
safety
net
at
$90,441.01.
In
an
extremely
bearish
scenario,
the
Bitcoin
price
could
plunge
to
as
low
as
$86,562.82.

Bears
Currently
Have
Control
Of
The
Bitcoin
Price

From
a
technical
standpoint,
indicators
on
BTC’s
4-hour
chart
suggest
bears
currently
have
a
slight
upper
hand
on
the
crypto’s
chart.
Both
the
Relative
Strength
Index
(RSI)
and
the
Moving
Average
Convergence
Divergence
(MACD)
warn
of
a
potential
correction
if
sellers
decide
to
capitalize
on
their
current
advantage.

In
the
last
24
hours,
the
RSI
managed
to
briefly
rise
above
its
Simple
Moving
Average
(SMA)
line
to
suggest
that
bulls
gained
an
upper
hand.
However,
bears
quickly
took
control
of
the
situation,
leading
to
the
RSI
falling
back
below
the
SMA.
With
the
negative
slope
of
the
RSI
line,
it
seems
bears
are
now
growing
stronger
against
their
bullish
counterparts.

Momentum
seems
to
favor
sellers
at
the
moment,
which
is
suggested
by
the
MACD
line’s
positioning
below
the
MACD
Signal
line.
In
the
last
few
hours,
MACD
Histogram
readings
have
also
started
to
turn
more
negative.
Traders
might
see
this
as
a
sign
that
BTC’s
bearish
momentum
is
starting
to
pick
up
steam.

As
Bitcoin
tries
to
break
out
of
consolidation,
the
presale
for


Best
Wallet
(BEST)

is
closing
on
the
$2
million
mark.

An
All-In-One
Crypto
Wallet
About
To
Take
The
Crypto
World
By
Storm

Best
Wallet
(BEST)
is
a
multi-chain,
non-custodial
crypto
wallet
project
that
gives
users
all
the
features
they
need
to
secure,
manage
and
grow
their
portfolios
all
from
a
single
app.

The
project
offers
a
wallet
that
can
store
assets
from
more
than
60
blockchain
networks,
including
leading
chains
such
as
Bitcoin,
Ethereum,
Solana,
Binance
Smart
Chain
and
much
more.

With
Best
Wallet,
users
have
powerful
analytics
at
their
disposal
and
can
keep
track
of
which
tokens
are
trending
as
well
as
gain
insights
into
market
sentiment
and
real-time
updates
on
leading
projects.

Within
the
app,
users
are
also
able
to
use
the
Best
DEX
(decentralized
exchange).
This
will
allow
them
to
swap
their
tokens
at
any
time
without
relying
on
a
central
third
party.
What’s
more,
the
wallet
implements
advanced
security
measures
such
as
2FA
and
biometric
login.

To
expand
its
offering,
Best
Wallet
is
launching
its
native
BEST
token.
By
simply
holding
BEST,
investors
will
unlock
a
range
of
benefits
including
early
access
to
new
projects,
reduced
transaction
fees
and
higher
staking
rewards.
BEST
holders
will
also
be
able
to
have
their
voices
heard
during
key
governance
decisions.

With
its
extensive
range
of
features
and
the
benefits
unlocked
through
its
BEST
token,
it’s
no
wonder
that
YouTube
channel
Crypto
Wire
told
its
more
than
11.4K
subscribers
that
Best
Wallet
is
the
only
wallet
crypto
investors
will
ever
need.

Investors
Rush
To
Buy
BEST
To
Get
Access
To
A
2,015%
Staking
APY

Best
Wallet
has
already
raised
over
$1.96
million
through
its
ongoing
ICO,
signalling
strong
investor
confidence
in
the
project’s
future.
Selling
for
$0.0229,
BEST
can
be
bought
via
the
simple
buy
widget
embedded
on
its
site
using
either
crypto
or
card.
Alternatively,
investors
can
also
buy
the
token
through
the
Best
Wallet
app.

????
Join
the

$BEST
Token
Presale!
????

Stack
your

$BEST
today
and
lock
in
the
lowest
price
before
it’s
gone.
Available
now
on
our
official
website
and
Best
Wallet
app.

Every
moment
counts
–
don’t
miss
out!
????

Download
now!
????

https://t.co/AALEwrMCmn

pic.twitter.com/975cKh0jLr

—
Best
Wallet
(@BestWalletHQ)

November
25,
2024

Potential
buyers
will
want
to
act
fast,
because
the
token’s
price
is
set
to
increase
as
its
presale
progresses.
The
next
price
hike
is
in
just
over
24
hours.
Once
bought,
the
BEST
tokens
can
also
be
staked
for
a
humongous
2,105%
annual
return.

Purchase
BEST
here.

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