The Bitcoin price rose 1% in the last 24 hours to trade at $109,391.99 as of 10:40 p.m. EST as investors up their exposure to the leading crypto.

With the recent gain, the BTC price has managed to flip its performance over the last week back into the green zone as well.

Daily chart for BTC/USDT (Source: TradingView)

The Bitcoin price is attempting to flip the resistance level at $109,294.83 into support. Should it break above this level within the next 24 hours, BTC could have a technical foundation to rise off from and possibly go on to set a new all-time high (ATH).

However, a rejection from the $109,294.83 mark might invalidate the bullish thesis. This alternative scenario could lead to the Bitcoin price correcting to the closest support level at $104,830.57. Thereafter, a drop below this technical safety net could result in a plunge to as low as $99,374.25 in the short term if the bearish pressure persists.

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Bitcoin price might keep climbing. However, there is still room for bears to step in and force BTC down.

In the last 48 hours, the MACD line has started to gradually break away above the MACD Signal line. Traders usually see the current alignment and the growing gap between these two lines as an indication of strengthening bullish momentum. 

Meanwhile, the RSI is positioned above its Simple Moving Average (SMA) line on the daily chart as well, which is a classic sign that buyers have an upper hand over sellers. However, the gap between the two technical indicators is small enough that sellers could easily overwhelm buyers and flip the script. 

As the Bitcoin price tries to go on to set a new ATH, investors are FOMO buying the presale for BTC Bull Token (BTCBULL) with just hours left.

Several experts have said that they’re bullish on the new meme coin. Among them is the popular YouTube channel 99Bitcoins, who told its over 723K subscribers in a recent video that BTCBULL could soar 10X after its launch.

BTC Bull Token is a meme coin like no other, given the fact that it rewards its token holders with actual Bitcoin. 

Built on the belief that the largest crypto by market cap will soar to $1 million per coin and beyond, the Bitcoin-themed project has set specific price milestones for Bitcoin that will either trigger a BTC airdrop or a BTCBULL token burn.

Those Bitcoin airdrops will get activated when BTC hits $150K for the first time. Thereafter, every new $50K milestone will trigger another airdrop. Investors therefore profit from BTC’s gains without having to first buy the crypto directly. 

The BTCBULL token burns will follow the same $50K-milestone schedule, but will kick off when Bitcoin reaches $125K for the first time. By reducing the supply, the token will become more scarce. This means that any buy pressure on the meme coin’s price, such as that from the demand from investors who want to get in on the BTC airdrops, is amplified. 

The team recently burned 35% of the token’s total supply ahead of its launch, setting the token up for the potential parabolic surge predicted by 99Bitcoins and other experts. 

Investors have pumped over $8.3 million into BTC Bull Token’s presale so far, signaling strong investor confidence in the project’s future. With just hours left until the ICO ends and claims go live, time is ticking for investors to get in at this ground level of the project and position themselves for a possible post-launch rally.

Interested investors that don’t want to miss out can acquire the token via the simple buy widget embedded on the project’s website. Selling for $0.002585 apiece, BTCBULL can be bought with both crypto or bank card. Once purchased, the tokens can also be staked for a 50% APY.

Investors will want to buy before the presale ends in less than 11 hours. 

Check out BTCBULL on its official website.