Bitcoin Price Analysis: As MicroStrategy Buys The Dip With Another $5.4 Billion BTC, Experts Say This Latest ICO Might Be The Best Crypto To...

CoinMarketCap11-26 20:49

The Bitcoin price plunged 5% in the last 24 hours to trade at $93,512 as of 02:21 a.m. EST on trading volume that surged 94% to $120 billion. This follows MicroStrategy’s announcement on Monday that ...

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However, the BTC price still trades above the 200-day SMA, which maintains some bullish prospects for the price of Bitcoin.If the correction continues, the price of Bitcoin could drop, with the 200-day SMA acting as next po","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BEST":"百世集团","RSI":"Rush Street Interactive, Inc.","BK4595":"比特币概念","BK4588":"碎股","BK4516":"特朗普概念","BK4596":"哈里斯概念","BK4131":"航空货运与物流","BK4023":"应用软件","BTC":"Grayscale Bitcoin Mini Trust","BK4558":"双十一","MSTR":"MicroStrategy","BK4600":"加密货币概念","BK4150":"赌场与赌博","BK4601":"加密货币现货ETF","BK4502":"阿里概念"},"translate_title":"比特币价格分析：随着MicroStrategy用另外54亿美元的BTC买入，专家表示，这一最新的ICO可能是最好的加密货币...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1,"MSTR":1,"BTC":1,"BEST":1},"content_text":"The Bitcoin price plunged 5% in the last 24 hours to trade at $93,512 as of 02:21 a.m. EST on trading volume that surged 94% to $120 billion.\nThis follows MicroStrategy’s announcement on Monday that it acquired an additional 55,000 BTC for $5.4 billion between November 18 and November 24.\nWith this latest purchase, the company now holds approximately 386,700 BTC, acquired at a total cost of about $21.9 billion, averaging $56,761 per BTC.\nBitcoin Price Currently Undergoing A Correction\nAfter what appears to be a parabolic rise in November, the Bitcoin price then went through a cool-off, as the bulls used the $90,000 support to push the price up through a rising channel pattern, according to data from GeckoTerminal.\nThe price of Bitcoin, however, has breached the lower boundary of the channel, suggesting that BTC is currently undergoing a correction.\nThe current correction has pushed the price of Bitcoin to trade below the 50-day Simple Moving Average (SMA). However, the BTC price still trades above the 200-day SMA, which maintains some bullish prospects for the price of Bitcoin.\nAdditionally, the Relative Strength Index (RSI) is also dropping towards the 30-oversold region, according to the BTC/USD chart analysis on the 4-hour timeframe, currently at 37. This confirms the current price correction.\nIf the correction continues, the price of Bitcoin could drop, with the 200-day SMA acting as next possible support at $80,778.\n\n\n  BTCUSD Chart Analysis Source: GeckoTerminal\n \n\nConversely, if the price remains above the 200-day SMA, investors may still buy the asset, with the next possible target for the bulls being the 100,000 resistance.\nMeanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale.\n\n🔥 The $BEST token presale is officially live! 🔥\nFor the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!\nJoin the presale now and secure your tokens at a discounted price. 🚀\nDownload the app! 📲… pic.twitter.com/VItxcDHAoE\n— Best Wallet (@BestWalletHQ) November 11, 2024\n\nBest Wallet Presale Amasses Over $1.2 Million In Funds Raised\nBest Wallet is a new Web3 crypto wallet that combines advanced features with a user-friendly design, aiming to become a leader in the next generation of crypto wallets.\nIts native token, $BEST, has gained significant interest among investors, demonstrated by the rapid sell-out of the first stage of its private sale, which raised $162,000 within six hours. \nThe token has now amassed over $1.2 million in funds raised. The private sale ended on Monday, and the presale is now open to the public. \nThe wallet offers a unique presale approach, allowing users to buy $BEST tokens exclusively through the app itself.\nAn analyst on YouTube channel 99Bitcoins, with over 709k subscribers, says Best Wallet is his favorite crypto wallet.\nThe native token, $BEST, powers the Best Wallet ecosystem, providing reduced transaction fees, exclusive early access to the hottest new presale, and gamifies wallet engagement through the $BEST airdrop.\n\nDid you know? You can earn $BEST tokens by completing daily airdrop quests! 💸💸💸\nThe more points you stack, the more $BEST you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥\nRemember, daily quests reset everyday at midnight. Don't… pic.twitter.com/APEuMjfNZZ\n— Best Wallet (@BestWalletHQ) November 9, 2024\n\nInvestors can currently purchase $BEST for $0.022775. To join the presale before a price increase in about 32 hours, download Best Wallet on the official $BEST Token website, click on ”Upcoming,” and grab your BEST tokens. \nRelated News\n\nMAD Surges 233%, But Experts Say Consider This Staking Meme Coin For 100X Gains\nEgo Price Soars 19% And This Might Be The Next Crypto To Explode\nPEPE Plunges 4%, But Pepe Unchained Presale Smashes $52 Million","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486077864"}