Bitcoin Price Up 1% As This New ICO Offers Free BTC

The Bitcoin price went up 1% in the last 24 hours to trade at $96,892 as of 2:25 a.m. EST on trading volume that dropped 25% to $28.77 billion.

The BTC price recently dipped below $95k as a major bearish wave pushed it down, but it quickly recovered from this dip. Now, new reports have emerged stating that Montana just became the 4th US state to advance the Bitcoin reserve bill to the House.

Apart from Montana, the only other states that have made this much progress are Utah, Arizona, and Oklahoma. It should also be noted that the bill was amended to exclude the requirement that funds must be held by qualified custodians or through an exchange-traded fund. If passed, it will come into effect on July 1, letting the state treasurer move up to $50m to special accounts used for investing in precious metals, stablecoins, and other digital assets.

Bitcoin Price Prediction

As for Bitcoin’s price itself, its recent drop below the $95k mark actually led it all the way down to $93,487. However, the coin recovered quickly, as mentioned, and both the dip and the surge back up saw its Bollinger Bands go through a massive widening.

In the past 24 hours, however, the bands have narrowed down considerably, showing that BTC has entered relative stability. Its price is almost back to $97k, but for now, that is in the range of its pre-drop levels, as fluctuating up and down by a few thousand dollars is an everyday occurrence for BTC.

Its Relative Strength Index (RSI), however, suggests that the coin could possibly return to $100k in the near future.

Following its recovery from the dip on Feb. 18, the Bitcoin RSI went up to the overbought zone twice. With the first instance, it reached it as its price climbed to $96.4k, after which it dropped to the neutral value of 50, while the price went down to $95.6k.

This was expected, as some traders decided to take profit as the price recovered. A new wave of purchases then pushed the coin to $97.3k as the RSI once again reached the value of 70, only to return to 50 once again when the price dropped to $96.8k.

Now, the RSI is on the rise again, meaning that the Bitcoin price could go all the way up to $98k or maybe even further, pushing the coin to $100k within a day or two.

Promising Alternative To Bitcoin

As Bitcoin recovers, investors are buying a new BTC-themed meme coin called BTC Bull Token (BTCBULL). This is a new project that just launched its ICO 10 days ago, on Feb. 10, raising over $2.4 million during that time.

With such an explosive start, experts like ClayBro, a crypto YouTuber who has over 136k subscribers, believe that BTCBULL could become the top meme coin, especially with recent speculation about the Fed potentially selling gold and buying BTC.

That’s because BTC Bull Token is a project whose only goal is to help push BTC higher, and it has a very interesting way of doing that. Mainly, whenever BTC reaches certain price milestones for the first time, BTCBULL token holders will receive airdrops containing free Bitcoin.

The project has already set up milestones such as BTC reaching the price of $150k, $200k, $250k, and so on, all the way up to $1 million and beyond. There are also BTCBULL token burns that will happen at specific price milestones as well.

The investor interest in the project’s ICO has skyrocketed, and many have started buying BTCBULL while its price is only at $0.002375. Given its massive potential, the fact that it is a meme coin, and that it uses Bitcoin’s name, this project could become one of the meme coin majors in no time, so it’s not surprising that investors are buying it while its price is low.

Buy BTCBULL before its price sees its next scheduled presale increase in less than 3 days.

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