Bitcoin Investment Suggestion: Michael Saylor Suggests Additional Bitcoin Buying Strategy as Investors Rush Towards This Meme Coin's ICO, Providing Free Bitcoin
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Bitcoin took a minor dip of 1% in the past 24 hours, trading at $94,336.83 as of 9:39 p.m. EST. Investors seem to be scaling back their crypto investments.
Despite the slide in Bitcoin's rate, Strategy co-founder Michael Saylor hinted at a possible Bitcoin acquisition after their Q1 earnings call. On May 4, he shared SaylorTracker chart on Twitter, a post often followed by Bitcoin purchases.
"Too much blue, not enough orange." 🤔📈 pic.twitter.com/s1L6tWfC14- Michael Saylor (@saylor) May 4, 2025
Bitcoin Price Hanging Close to a Major Resistance
Daily chart for BTC/USDT (Source: TradingView)
The Bitcoin price is flirting with the resistance level at $98,371.74. If Bitcoin manages to break above this technical hurdle, it may aim for the subsequent barrier at $107,963.22 next.
Rejection from the $98,371.74 level might cause a retest of the nearest support level at $88,023.04. A continuous push from sellers could lead to a fall as low as $77,926.75.
Bears Beginning to Assert Control Over The Bitcoin Price
From a technical standpoint, indicators on the daily chart suggest the Bitcoin price might slide further over the next 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show bears may start to gain ground in the Bitcoin market.
Observe the MACD line attempting to cross below the MACD Signal line. Once this break happens below the MACD Signal line, it could imply that Bitcoin has entered a temporary bearish trend.
Meanwhile, the RSI has dropped below its Simple Moving Average (SMA) on the daily chart as well. Traders might see this as a sign that sellers have regained control on the Bitcoin market.
Though the current RSI reading is still bullish, the RSI line's downward trend suggests it may drop below the 50 mark soon. If this happens, bears might have the upper hand and push the Bitcoin price down, potentially more significantly.
While Bitcoin technicals begin to point towards bearish signs, investors are pouring into the presale for a novel meme coin called BTC Bull Token (BTCBULL). YouTube channel 99Bitcoins, with over 725K subscribers, predicts this crypto has the potential to soar 10X following its release.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a crypto inspired by Bitcoin, founded on the belief that the leading crypto will reach above $1 million. Should Bitcoin reach $150K for the first time, the project will reward its token holders with Bitcoin airdrops, and BTCBULL token burns at certain price milestones.
The first Bitcoin airdrop occurs at $150K, with further airdrops every $50K increase in Bitcoin's price. The BTCBULL token burns will begin earlier, with the first planned at $125K. Every subsequent $25K increase in Bitcoin's price will trigger another token burning.
The shrinking supply due to token burns, coupled with demand from buyers looking to capitalize on the Bitcoin airdrops, could result in a favorable supply and demand ratio for the project, potentially leading to the 10X rally predicted by 99Bitcoins.
BTCBULL offers investors an affordable way to gain exposure to Bitcoin as institutions heavily invest in Bitcoin.
Investors Rush to Acquire BTCBULL at Presale Prices
Investors have already made significant investments in BTC Bull Token's presale, with total investments surpassing $5.3 million so far. This buying spree is likely to continue due to the 77% Annual Percentage Yield (APY) offered to presale buyers who stake their tokens at this early stage.
Interested investors can secure BTCBULL via the simple buy widget on the project's website or using a bank card. After owning some tokens, investors can shift to the staking page on the website to put their tokens to work. However, interested buyers should act swiftly as BTCBULL's prices will undergo staged increases as the ICO progresses.
Discover the BTC Bull Token website.
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Download NowJoin Our Telegram channel to keep up with the latest Bitcoin developments
- In the investing realm, some yield-seeking individuals are pouring their funds into BTC Bull Token (BTCBULL), a meme coin offering free bitcoin airdrops, despite the bearish signals looming over the Bitcoin price.
- As the technological aspect, BTC Bull Token is intriguing since it provides an affordable opportunity for investors to gain exposure to Bitcoin, a favorite among institutional investors.
