The current market conditions for Bitcoin suggest a growing bullish sentiment, as the cryptocurrency is showing promising signs of recovery.
A buy signal is flashing under oversold conditions, similar to the previous rally in September, which saw Bitcoin surge from around $40,000 to over $75,000, marking an impressive price increase of nearly 50%.
This signals that Bitcoin may be on the verge of another significant price movement, with potential for new all-time highs. Some even speculate that Bitcoin could reach levels as high as $150,000, depending on how the market reacts in the coming weeks.
On the policy front, Arizona is advancing a bill to recognize Bitcoin as a strategic reserve, reflecting growing governmental interest in digital assets. Bitcoin’s network fundamentals remain strong, with the hash rate hitting an all-time high—though miner revenues have declined post-halving.
Notably, a surge of new whales accumulating Bitcoin since 2024 suggests institutional confidence is growing. This bullish outlook is echoed by figures like Eric Trump, who believes Bitcoin could eventually reach $1 million.
Additionally, the fact that gold added $1 trillion in market cap in a single day reinforces the potential scale Bitcoin could achieve, especially if institutional money continues to flow in.
In another encouraging sign, SPAR is testing Bitcoin payments via the Lightning Network in Switzerland, further signaling retail adoption. Overall, the long-term trajectory remains bullish despite near-term volatility.
Source – 99Bitcoins on YouTube
Bitcoin Price Prediction
Bitcoin’s price action has shown unexpected strength at the start of the weekend, despite overall market conditions suggesting otherwise. The surge is happening during a period of historically low volume, particularly due to the Easter weekend, with trading activity already down by around 40%.
This drop in liquidity has created an environment ripe for volatility, even though there’s been no significant news or catalyst to justify a sustained move upward.
Currently, $BTC is trading within a defined range between $83,700 and $85,400, with the market seemingly agreeing this is fair value based on current fundamentals.
Short-term momentum may persist, especially with increased leverage entering the market and some imbalances formed during the early morning rally. However, resistance levels near $85,700 and especially at $86,000 are expected to hold firm, making a true breakout unlikely under current conditions.
A pullback to the lower end of the range remains the more probable scenario unless new factors emerge. Investors are advised to approach with caution and monitor key levels closely, as any rejection could trigger a return to previous support zones.
ESP32 Bug Prompts Search for Safer Wallets — Best Wallet Presale Attracts Millions With Powerful Features
Meanwhile, security concerns have emerged due to a critical ESP32 vulnerability that could potentially allow unauthorized Bitcoin transactions, underscoring the need for secure, non-KYC wallets.
Best Wallet is positioning itself as a powerful all-in-one decentralized application for crypto enthusiasts, aiming to rival major players like MetaMask, Trust Wallet, and Coinbase Wallet.
Although it is still in its presale phase, the wallet is fully functional and available for download, allowing users to explore its ecosystem ahead of its official token launch and exchange listing. It offers a streamlined user experience where individuals can buy, sell, hold, stake, and transfer a wide variety of cryptocurrencies.
One of its standout features is its support for over 60 blockchains, making it one of the most versatile wallets currently in development. Account creation on Best Wallet is designed to be quick and secure, offering sign-up options via Google or Apple accounts.
Additional features like two-factor authentication further enhance user security. The wallet’s architecture supports not only traditional crypto transactions but also advanced utilities like swapping tokens, receiving and sending assets, and viewing transaction history — all in one place.
What truly sets Best Wallet apart is its commitment to giving users a competitive edge in the fast-paced crypto market. The app includes an “Upcoming Tokens” section, allowing users to discover promising new projects before they hit mainstream exchanges.
This early-access feature is ideal for those looking to invest in the next big gem and capitalize on early-stage growth potential. Best Wallet also incorporates a section for real-time crypto news and a DEX screener to help users stay informed and make timely investment decisions.
The roadmap for Best Wallet outlines ambitious plans, including the launch of a decentralized exchange (DEX), the introduction of a native Best Card for crypto payments, NFT portfolio management tools, and more.
With over $11.7 million raised during the presale and a current token price of $0.024775, the project shows strong momentum and growing community support. Developers aim to expand the ecosystem further through portfolio management, staking options, and NFT galleries in future updates.
In a crowded market of crypto wallets, Best Wallet differentiates itself through its multifunctional design, user-friendly interface, and a vision that caters to both beginner and advanced users. It’s not just a wallet — it’s a full ecosystem that aims to lead the way in the decentralized finance space.
Visit Best Wallet presale here.