Bitcoin Price Prediction As MicroStrategy Rebrands To ”Strategy” And This Crypto Wallet Token Raises $9.1 Million In Presale

The Bitcoin price is down more than 6% over the last week following a minor 24-hour loss to trade at $97,326.27 as of 10:01 p.m. EST as investors shift their focus away from the leading crypto.

Amid the drop in the BTC price, software firm MicroStrategy, led by Bitcoin bull Michael Saylor, has rebranded to “Strategy.” To reflect the company’s pro-Bitcoin ethos, the firm has also adopted a Bitcoin-themed visual marketing scheme.

Bitcoin Price Forms A Bearish Channel On The 4-Hour Chart

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

The Bitcoin price has printed a series of lower lows and lower highs in the last 48 hours on the 4-hour chart, resulting in the formation of a bearish price channel. Should the leading crypto continue to trade within this descending channel, it could end up testing the $93,904.24 support soon.

However, the bearish thesis could be invalidated if BTC is able to break above the upper boundary of the negative channel, which coincides with the $98,063.55 resistance. Overcoming this mark might lead to a more bullish scenario playing out wherein the Bitcoin price tries to flip the $102,964.28 resistance back into support. 

Persistent buy pressure could even result in a climb to as high as $108,807.48.

Technicals Suggest Bulls Might Soon Take Control Of The Bitcoin Price

From a technical standpoint, there are two bullish technical flags that are on the verge of being triggered by the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on BTC’s 4-hour chart.

In the last few hours, the MACD line and MACD Signal line have been trading at almost the same level. This suggests uncertainty in the market. However, the MACD line is now slowly starting to cross above the MACD Signal line. 

Should this intersection happen and the MACD line starts to break away above the MACD Signal line, it could indicate that BTC has entered a positive trend. Traders might react to this technical signal by entering into long positions for the leading crypto , which could result in an increase in the Bitcoin price.

Meanwhile, the RSI is rising towards its Simple Moving Average (SMA) line on the 4-hour chart as well. This is an early bullish signal, which could lead to the RSI breaking above the SMA. Should this happen, traders might interpret it as a sign of a bullish shift in power on BTC’s charts.

While bulls try to regain control of the Bitcoin price, investors flock to the Best Wallet (BEST) presale for gains. Several experts have stepped forward to share their bullish predictions for the new crypto wallet token. Among them is Crypto Gains, a YouTuber with more than 141K subscribers, who says BEST has the potential to surge 10X after its launch.

The Only Crypto Wallet Investors Will Ever Need

Best Wallet is a crypto wallet that offers crypto traders and investors with all of the features needed to safely store and grow their digital asset holdings. 

With support for more than 60 blockchains and their native tokens and coins, the application also gives users the ability to import their wallets from across the Web3 ecosystem to make it easier to manage their portfolios. Users can, however, rest assured that their assets held in Best Wallet are as safe as can be, since the application is non-custodial.

Once in the app, users can then take advantage of all of the features Best Wallet has to offer. This can include growing their crypto holdings passively through in-app staking across all of the supported blockchains. Users can also take a more active role and switch between cryptos with Best Wallet’s swap feature in order to capitalize on changing market conditions.

The BEST ecosystem includes the Best Card as well, which lets users spend their crypto assets with the same ease as they would spend traditional fiat currencies. 

There is also Best Wallet’s popular “Upcoming Tokens” section, which flags high-potential cryptos that are still in their early stages. This functionality has already proven itself by identifying Pepe Unchained (PEPU) and Catslap (SLAP) , which have both gone on to print massive gains for investors who bought in when Best Wallet first spotlighted the tokens.

Investors Rush To Buy BEST During Presale

Investors who buy Best Wallet’s native BEST token also unlock additional benefits such as increased staking rewards, lower transaction fees and the early access to new projects. 

Anyone can gain access to these benefits by buying BEST, which is currently in presale, and can be bought with either crypto or bank card via the widget on the project’s website. So far, the crypto has raised more than $9.1 million at this early stage.

Buy and stake BEST here to unlock a 187% APY.

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