Bitcoin Price Prediction: BTC Currently Testing Support After a Strong Bullish Run

The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $95,937 as of 02:47 a.m. EST on trading volume that surged 30% to $47 billion.

The Bitcoin price rose slightly in the last 24 hours to trade at $95,937 as of 02:47 a.m. EST on Monday. This comes as the US CPI inflation rate accelerated in January, rising 3% on an annual basis.

However, economists had expected a lower rate of 2.9%, suggesting that interest rates are likely to stay higher for longer.

Meanwhile, the Bitcoin price is currently testing support after a strong uptrend, with a daily close below $92,000 potentially leading to a deeper retracement.

On the other hand, if BTC can reclaim the 50-day MA and break out above $105,000, we may see a retest of the previous high.

Moreover, investors are showing interest in a new meme coin called BTC Bull (BTCBULL), which will give free Bitcoin to token holders. 99Bitcoins, a large crypto channel, says BTCBULL could increase by 10X after launch.

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Investors are piling into the BTC Bull Token ($BTCBULL) presale at a record pace, having already raised over $1.1 million in less than 3 days.

BTC Bull Token promises to help propel the Bitcoin price to new heights of over $1 million, while also rewarding investors with $BTC銭亀 at every key milestone.

Specifically, if you hold $BTCBULL tokens in Best Wallet, you’ll earn BTC airdrops when Bitcoin’s price reaches $150,000 and $200,000.

A massive $BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.

Between each significant Bitcoin price milestone and subsequent BTC銭亀, there are also Bitcoin Bull token burns.

Moreover, $BTCBULL token holders will have an opportunity to earn passively through the project’s staking platform, which offers a staggering 363% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00236 each using BNB, ETH, USDT, or a bank card.

Buy before a price hike in less than 3 days to secure the best deal.

Check out BTC BULL Token here.