Bitcoin Price Prediction: As BTC Plunges Below $100K, This Crypto Wallet Presale Rockets Past $5M

The
Bitcoin
price
plunged
3%
in
the
last
24
hours
to
trade
at
$97,637
as
of
02:26
a.m.
EST
on
trading
volume
that
surged
13%
to
$104
billion.

BTC
has
dropped
below
the
$100k
mark,
which
suggests
that
some
of
the
market’s
most
seasoned
Bitcoin
investors
are
booking
record
profits
after
BTC’s
strong
rally.

Bitcoin
Price
Could
Still
Soar

The
Bitcoin
price
surged
out
of
a
long-term
accumulation
zone
(highlighted
in
purple),
which
acted
as
a
strong
base
around
the
$60,700
level
during
the
summer
months,
according
to
data
from


GeckoTerminal.
This
breakout
was
accompanied
by
higher
volume,
indicating
solid
buying
interest.

Following
the
breakout,
the


BTC
price

has
formed
a
rising
channel
(yellow
lines),
which
suggests
a
gradual
and
sustainable
uptrend
with
higher
highs
and
higher
lows.
The
upper
boundary
of
the
channel,
near
$100,000,
acts
as
resistance,
while
the
lower
boundary
around
$96,000
is
key
support.

The
50-day
Simple
Moving
Average
(SMA)
at
$91,666
aligns
closely
with
recent
support
levels
and
the
rising
channel’s
lower
boundary.
Meanwhile,
the
200-day
SMA
at
$70,015
represents
a
critical
long-term
support
level
that
helped
sustain
the
July
accumulation.

The
Relative
Strength
Index
(RSI)
is
currently
at
50.04,
sitting
at
the
neutral
zone.
This
indicates
a
balance
between
buying
and
selling
pressure.
The
RSI
has
cooled
off
from
overbought
levels
during
the
November
surge,
suggesting
the
price
may
be
consolidating
before
the
next
move.

BTC
price
is
currently
on
a
bullish
trend,
despite
the
slight
retrace
to
the
lower
boundary
of
the
rising
channel.
A
breakout
above
the
channel
and
resistance
at
$100,000
could
lead
to
a
strong
rally
toward
$105,000
or
$110,000.

However,
a
breakdown
below
$96,000
and
the
50-day
SMA
could
signal
a
deeper
correction,
potentially
targeting
$90,000
or
the
200-day
SMA
near
$70,000.

Meanwhile,
investors
are
rushing
into
the


Best
Wallet
($BEST)

presale,
which
has
already
raised
over
$5.1
million.
Crypto
Gains,
a
YouTuber
with
more
than
141K
subscribers,
says
$BEST
can
easily
10X.

Is
Best
Wallet
The
Next
Crypto
To
Explode?

Best
Wallet
is
an
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Web3
ecosystem
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seamlessly
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wallet
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Its
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pic.twitter.com/xf2pY03CZw

—
Best
Wallet
(@BestWalletHQ)

December
16,
2024

One
of
its
key
features
is
its 
“Upcoming
Tokens”
section,
which
flags
high-potential
tokens
before
they
hit
the
market.

It
featured

Pepe
Unchained
($PEPU)
at
just
$0.00992,
before
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investors
saw
a
591%
gain
as
the
price
rose
to
$0.06858.
It
also
flagged

Catslap
($SLAP),
a
token
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saw
its
price
skyrocket
3,091%
for
those
who
bought
early.

????

$PEPU
Claim
is
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????

The
wait
is
over!
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can
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Best
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the

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????
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pic.twitter.com/A7KovigigB

—
Best
Wallet
(@BestWalletHQ)

December
10,
2024

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addition,
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offers
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enabling
users
to
earn
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income
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tokens.
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APY.

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Best
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