BTC Bull Token (BTCBULL) Closes Its Presale on $3 Million Raising the Bar for Bitcoin-Themed Meme Coins

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The Bitcoin price dropped over 4% in the last 24 hours to trade at $84,503.94 as of 9:55 p.m. EST on July 11.

Following this latest decrease, the BTC price is now down more than 13% on the weekly time frame as well.

Bitcoin Price Reclaims A Key Support

4-hour chart for BTC/USDT (Source: TradingView)

The Bitcoin price has reclaimed the support at $83,648.54 after briefly dropping below this mark in the last few hours. As a result, the largest crypto by market cap might try to flip the resistance at $85,971.15 into support. Should it close a 4-hour candle above this barrier, BTC could have the foundation needed to break above $88,444.73 and rise to as high as $90,884.93.

On the other hand, a more bearish scenario might see the Bitcoin price drop below the recently-reclaimed $83,648.54 support. Losing this technical safety net could end up exposing BTC to the risk of plunging to $81,888.07 in the short term.

Technicals Suggest Buyers Might Soon Take Control Of The Bitcoin Price

From a technical perspective, indicators on BTC’s 4-hour chart suggest the Bitcoin price might start to climb soon. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early bullish signs.

BTC’s bearish momentum seems to be cooling off, as suggested by the MACD line that is rising towards the MACD Signal line. Should these two lines cross in the next few hours, it might signal that the Bitcoin price has entered a positive trend.

Meanwhile, RSI readings have been on the rise in the last couple of hours as well. Traders usually see increasing RSI values as an indication of growing buyer strength. Now, the RSI is also attempting to break above its SImple Moving Average (SMA) on the 4-hour chart. This potential intersection of the RSI and SMA might signal that buyers have taken control of BTC.

As the Bitcoin price tries to recover, investors are turning their attention to a new meme coin that aims to support the leading crypto on its journey to beyond $1 million per coin and which will reward token holders through BTC airdrops and token burns.

BTC Bull Token Is Launching Huge BTC Airdrops

BTC Bull Token (BTCBULL) is a new meme coin that is being launched to support Bitcoin on its journey to new all-time highs. The project will be rewarding token holders with BTC airdrops and BTCBULL token burns as the Bitcoin price hits new milestones.

Those who choose to invest in Best Wallet will be able to claim free BTC when the Bitcoin price reaches $150,000 and $200,000.

At the same time, BTCBULL tokens will be burned as the Bitcoin price hits $125,000, $175,000, and $225,000 for the first time. These tokens will be permanently removed from the circulating supply, which will increase the scarcity of BTC Bull Token.

BTC Bull Token Is Now In Presale

BTC Bull Token is currently available in presale and has already raised over $2.8 million. The presale is due to end soon and is taking place on the Simplex Web3 platform.

Those who buy BTC Bull Token in the presale will also be able to earn up to a 149% APY. Investors can simply buy BTC Bull Token using crypto or fiat via bank card and then add their private key to the Simplex Web3 wallet to start earning.

BTC Bull Token is aiming to build a strong community and a large social presence. The project has an active Telegram group where investors can connect with one another and stay up to date on the latest news and updates.

Investors interested in getting involved in this new meme coin can do so via the Simplex Web3 platform.

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