Bitcoin Price Tumbles As This Crypto Wallet’s ICO Blast Past $5.3M

The Relative Strength Index (RSI) is currently at 57.95, indicating moderate bullish momentum. This value signifies that the market still has room for upward movement before reaching overbought conditions (above 70). Additionally, the RSI signal line near 46.24 shows a possible upward crossover, hinting at a bullish reversal in the near term.

The price action also reveals a well-defined rounded bottom formation observed between September and October, signaling a shift from bearish to bullish sentiment. The current price region is marked as a potential reversal zone, which could serve as a launchpad for Bitcoin to retest and potentially break the $100,000 psychological barrier again.

The chart sketches a target price of $120,000, indicating a medium-term bullish projection. If Bitcoin can maintain the $93,428 support level, it will likely resume its uptrend and challenge the $100,000 resistance in the short term.

A successful breakout above this level could open the door for a rally toward $120,000, driven by strong market momentum and positive sentiment.

However, failure to hold the $93,428 support may result in a deeper correction, with the 200-day SMA at $70,444 providing the next significant price floor.

Best Wallet Presale Blasts Past $5.3 Million

Meanwhile, excitement is building around the Best Wallet ($BEST) presale, which has just past $5.3 million in funding in its presale.

According to Crypto Gains, a well-known YouTuber and crypto analyst with over 141,000 subscribers, $BEST has the potential to skyrocket 10X when it launches.

Best Wallet is a cutting-edge Web3 platform that combines a decentralized exchange (DEX), wallet functionalities, and practical tools for managing digital assets. Its sleek and intuitive user interface allows users to easily access decentralized finance (DeFi) activities from within the wallet.

One standout feature is the “Upcoming Tokens” section, which highlights high-potential tokens before they hit the market. An example is Pepe Unchained ($PEPU), flagged early to wallet holders before it surged 591% after launch. Another is Catslap ($SLAP), which saw a staggering 3,091% increase after being highlighted early in Upcoming Tokens.

🚨 $PEPU Claim is Now LIVE! 🚨

The wait is over! You can now claim your $PEPU tokens directly within Best Wallet or by visiting the @pepe_unchained website.

📍 Claim Website: https://t.co/AtdfdNNPeV

Start Claiming Now! pic.twitter.com/A7KovigigB

— Best Wallet (@BestWalletHQ) December 10, 2024

Best Wallet also offers a 421% annual return on staked BEST tokens.

Right now, you can grab $BEST tokens for just $0.0233. Interested investors should buy before a price a hike in a little less than 3 hours to lock in the best deal.

Visit BEST token.

Best Wallet – Manage Your Crypto