Bitcoin Price Prediction: As Amazon Shareholders Push For 5% BTC Reserves, This Crypto Wallet Surges Past $3 Million In Presale

The Bitcoin price recorded a slight drop in the last 24 hours to trade at $99,180.82 as of 3:32 a.m. EST as some investors sell their holdings in the leading crypto. 

The minor correction in the BTC price comes as Amazon shareholders push for the company to invest in Bitcoin. In a proposal shared by the National Center for Public Policy Research (NCPPR), the shareholders said a Bitcoin investment of just 5% of the company’s reserves can help maximize shareholder value over the long term.

Bitcoin Price Enters Consolidation

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

The Bitcoin price has consolidated between $98,544.33 and $101,980.49 in the last couple of days. Should buyers identify this period of sideways trading as a long opportunity, BTC might soon try to flip the resistance level at $101,980.49 into support. Thereafter, the crypto could have the technical platform needed to rise to the subsequent mark at $104,462.16.

On the other hand, traders deciding to sell their holdings in the leading crypto in the short-term might expose the Bitcoin price to the risk of testing the $98,544.33 support. Thereafter, continued sell pressure could push BTC’s price below this technical safety net to the next major support at $95,871.76.

Technicals Warn Sellers Might Push The Bitcoin Price Down

From a technical perspective, indicators on BTC’s 4-hour chart suggest sellers have a slight upper hand against buyers. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn the Bitcoin price might drop over the course of the next 24 hours.

Since the start of today’s trading session, the MACD line has been breaking away below the MACD Signal line. Traders often interpret the MACD line falling below the MACD Signal line as a sign of a crypto’s bearish momentum picking up steam.

The RSI also broke below its Simple Moving Average (SMA) line in the last 24 hours. This specific technical event could suggest that sellers have grown substantially stronger against buyers. 

With the current negative slope of the RSI line, it seems bears are still growing stronger. The current reading near 50 also warns the Bitcoin price can drop some more before it enters oversold territory.

As Bitcoin consolidates, investors are rushing to the new presale token Best Wallet (BEST) , which has just surged past $3 million in presale.

The Only Wallet Investors Will Ever Need

Best Wallet (BEST) aims to offer investors the ultimate crypto storage solution. Some of the standout features of the wallet include its multi-chain support and non-custodial nature. This means that investors are in full control of their crypto holdings, which can comprise of tokens on more than one blockchain simultaneously.

Apart from being able to store their crypto using Best Wallet, investors can also grow their crypto holdings with the suite of solutions that are available in the project’s ecosystem. 

These solutions include cutting-edge market insights to help investors navigate the often volatile crypto market, a decentralized exchange (DEX) to seamlessly swap from one token to another, as well as additional features such as portfolio management and staking.

To maximize their experience with the Best Wallet app, users can purchase the BEST token. By simply holding BEST, investors will unlock access to reduced trading fees in the app, get early access to the newest presales as they enter the market, and higher staking rewards. They will also be able to take part in community governance.

With the range of features on offer, it’s no surprise that popular YouTuber Crypto ZEUS told his more than 81.9K subscribers that the BEST token might be the best crypto wallet to hold for the next bull run.

Investors Bet Big On BEST’s Future

Best Wallet’s presale has performed exceptionally well, with more than $3 million raised so far. This buying frenzy around the token at this early stage could continue given the 956% annual staking return on offer to presale buyers.

To get in on these high rewards, investors will first need to acquire BEST through the widget embedded on the project’s website. Currently selling for $0.023025, BEST can be bought with either crypto or bank card. Once purchased, the final step is for investors to put their BEST tokens to work on the staking page on the website.

Investors who want to lock in the best rate will want to hurry because BEST’s price is set to increase with each new stage of its ICO. Its next price hike will happen in just over 1 day.

Visit BEST here.

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