BTC Bull Token (BTCBULL) Price Skyrockets 45% Pre-Launch

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The price of RedStone (RED) skyrocketed a staggering 45% in the last 24 hours to reach $0.7997 by 09:20 p.m. EST. This surge in price was accompanied by a remarkable 283% increase in trading volume to $324 million.

The rapid ascent of the RedStone price is evident on the 4-hour timeframe of the RED/USDT price chart, which showcases an overall bullish momentum following a period of consolidation.

As the price of RedStone pushed upwards, it broke through key Fibonacci retracement levels. A significant breakout occurred from support around $0.50, propelling the price towards $0.80. However, resistance is anticipated at the 0.382 Fibonacci retracement level, placed at $0.9794, as well as at a previous high of $1.46 if the momentum persists.

The 50-day Simple Moving Average (SMA) at $0.5638 has been tested multiple times as support, showcasing the respect that traders have for this trendline. Furthermore, the SMA is curving upwards, which bodes well for the bullish trend.

In terms of technical indicators, the Relative Strength Index (RSI) stands at 72.29, indicating overbought conditions. This may suggest that the price of RED could face some short-term pullbacks as traders may take profits. However, it’s important to note that RSI above 70 doesn’t necessarily mean an immediate reversal. If RSI manages to stay above 60, it could sustain the bullish trend.

The Moving Average Convergence Divergence (MACD) line is at 0.0677, which is above the signal line at 0.0367, a technical indicator that confirms bullish momentum.

RED Price Prediction

According to the price analysis of RedStone, the price trend remains bullish as long as the price manages to hold above the support at $0.6828.

If the price of RED shows signs of consolidation above this level and the volume remains strong, we could see a push towards the next resistance at $0.98. A continuation of strong bullish momentum could propel the price further towards the previous high at $1.46 in the coming sessions.

However, with the RSI in the overbought zone, there is a likelihood of a short-term pullback. A retracement to the 0.236 Fibonacci retracement level at $0.68 or even the 50-day SMA at $0.56 could provide healthy re-entry opportunities for traders before another leg of the bullish journey commences.

BTC Bull Token Soars After Smashing Milestone

Investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.

99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to "explode" to 10X from here after smashing a huge milestone.

BTC Bull Token is rapidly approaching the $4 million mark in its presale.

Credit: BTC Bull Token

BTC Bull Token has raised more than $3.65 million from over 20,000 contributors in a month since the presale launched.

The BTC Bull price is also set to rise again tomorrow, 11th February at 11am ET.

BTC Bull Token is a revolutionary new token that combines the community aspect of meme tokens with the utility of metaverse tokens and the potential for massive returns.

BTC Bull Token is a Bitcoin-themed meme token that will reward holders with BTC.

The first BTC airdrop will come when the BTC price hits $150k. Then there will be another airdrop for every additional $50,000 increase in the BTC price.

A huge BTCBULL Token airdrop will also come for the strongest holders when BTC hits $250,000, which will be split based on the percentage of the Community Sale purchase amount. For example, someone who bought 1% of the Community Sale will receive 1% of the BTCBULL airdrop.

Also, every $25,000 upward move in Bitcoin’s price will trigger a BTCBULL token burn, starting at $125k. Fewer tokens in circulation means greater scarcity, thereby strengthening the price outlook for $BTCBULL.

$BTCBULL holders can earn passively through the project’s staking platform, which offers a massive 118% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00241 each using BNB, ETH, USDT, or a bank card.

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