BTC Bull Token (BTCBULL) Completes Its Presale Raising $4.3M From Investors

The Bitcoin price rose over 1% in the last 24 hours to trade at $84,841.15 as of 10:18 p.m. EST as investors slowly start to accumulate the crypto.

The price of Bitcoin rose more than 1% in the last 24 hours to trade at $84,841.15 at 10:18 p.m. EST on Saturday.

The uptick in the BTC price came as GameStop completed its recent stock offering, leaving the company with $1.5 billion to buy Bitcoin according to Arkham Intelligence.

JUST IN: GAMESTOP COMPLETES ITS $1.5B STOCK OFFERING

GAMESTOP NOW HAS $1.5B TO BUY $BTC

is rolling in for the new BTC bull market

.

— Arkham (@Arkham) April 1, 2025

Bitcoin Price Breaks Resistance

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

The Bitcoin price broke above a resistance level at $84,837.53 in the last 24 hours, and now hovers above the key price point. Should the largest crypto by market cap establish a position above this technical barrier, it could have the technical foundation needed to rise to as high as $86,918.72 in the short term.

However, a drop below the recently-breached $84,837.53 level could spook traders. In this more bearish scenario, the Bitcoin price might be exposed to the risk of retracing all the way down to $83,182.90 if bears are able to overwhelm bulls.

Bears Could Take Control Of The Bitcoin Price If Buyers Don’t Step In

From a technical standpoint, bulls seem to have the upper hand, but there are early warning signs that suggest this might not be the case for much longer. More specifically, short-term traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the 4-hour chart.

In the last couple of hours, the MACD line has started to drop towards the MACD Signal line. While the current alignment, with the former above the latter, is bullish, the narrowing gap between the two technical indicators could signal that BTC’s bullish momentum is starting to cool off.

Meanwhile, the RSI line has started to fall in the last couple of hours as traders can see. Traders might see this as an early indication of diminishing buyer strength on the 4-hour chart. The current reading in the high 50s suggests that buyers still have the upper hand and that there is room for the Bitcoin price to climb before it reaches overbought territory.

But the negative slope of the RSI line suggests that sellers are still chipping away at buyers’ grip on the leading crypto’s price. Should the RSI fall below 50 in the next 24 hours, it could confirm that there has been a bearish shift in power on the 4-hour chart.

As bears and bulls battle it out on BTC’s charts, investors are flocking to a new meme coin presale as part of their efforts to grow their crypto portfolios.

According to 99Bitcoins, an influential YouTube channel boasting over 725K subscribers, BTC Bull Token (BTCBULL) has the potential for a 10X price surge after its launch.

BTC Bull Token: Its Link To Bitcoin

BTC Bull Token is a Bitcoin-branded meme coin that is aiming to support the crypto market king on his journey to $1 million per coin.

With the BTC price smashing through all-time highs, the project has set specific price milestones that will trigger either Bitcoin airdrops or BTCBULL token burns.

According to the project’s website, holders will receive free BTC via airdrops when the crypto hits $150K for the first time and for every subsequent $50K increase in the market leader’s price.

However, investors will only be eligible for the BTC airdrops if they hold at least 0.5 BTCBULL tokens in their wallets.

BTCBULL tokens will be burnt when the Bitcoin price reaches the following levels: $125K for the first time and every $25K increase in the flagship crypto’s price.

This is part of a move to mimic Bitcoin’s ever-growing scarcity, which is a key factor in the coin’s long-term bullish narrative.

What’s more, the decreased supply coupled with the demand from investors looking to get in on the BTC airdrops could lead to a skewed supply and demand ratio that will likely cause the meme coin’s price to soar.

With corporates like GameStop starting to buy BTC, it’s only a matter of time before Bitcoin starts to rally due to strong buy-side pressure in its order books. This means that the next price milestone at $125K, which will trigger a BTCBULL token burn, is just around the corner.

Investors Bet Big On BTCBULL’s Future