Bitcoin’s price is experiencing both bullish and bearish pressures as it trades at $94,082.29, down by 2.5% in the last 24 hours. The apex crypto has seen a false breakout at around $91,800, indicating a potential for a short-term bounce. However, traders are keeping a close eye on the volatility and the daily close, which will be crucial in determining whether BTC retests the $94,000 zone or heads lower.
As the broader time frame presents a less optimistic outlook, BTC is approaching critical support at $90,405. A slip below this level could trigger a deeper decline toward the $88,000 zone. Midterm trends also echo this sentiment, suggesting that failure to hold the crucial $90,000 range could lead to a slide toward the $82,000 price point. However, some analysts are highlighting patterns that resemble the 2016-17 cycle, which could indicate a recovery following an expansion in global M2 money supply, as anticipated by Wall Street veteran Raoul Pal.
Despite this, challenges persist. The shrinking global money supply and macroeconomic headwinds raise concerns about BTC’s ability to rally. Some experts anticipate a dip to $70,000 before any meaningful uptrend, which could be further impacted by the upcoming CPI report. While optimism remains for a recovery, the path ahead is uncertain, leaving traders to navigate a mix of hope and caution.
Meanwhile, in the altcoin space, where market watchers keep a close eye on emerging projects, JetBolt (JBOLT) is making a statement with over 255 million tokens sold in its presale.
This achievement underscores the growing interest in JetBolt’s unique blend of cutting-edge technology and practical solutions. As more users continue to engage with its features, which are designed to enhance user experience, JetBolt is sure to gain further momentum in the altcoin market.
One of the standout features of JetBolt is its zero-gas technology, powered by the Skale network. This innovation eliminates gas fees, which have often been a significant hurdle for blockchain adoption. With this system, users can transact freely, while developers have an opportunity to innovate without financial constraints. JetBolt's focus on creating a seamless and cost-efficient environment has positioned it as a forward-thinking platform.
More than innovation, JetBolt also incorporates AI-powered tools that enhance user experience. Its aggregation tool provides real-time blockchain news and market insights categorized by sentiment. Additionally, JetBolt’s Web3 wallet offers advanced features such as WebAuthN integration and facial recognition.
The staking program adds another layer of appeal by rewarding participants with tokens and fostering community engagement. For those participating in the presale, benefits include batch token discounts and Alpha Box perks, which can deliver up to 25% bonus tokens. With its presale continuing to surge and innovative features addressing critical blockchain challenges, JetBolt is shaping up to be a top new player in 2025.
