BitcoinPurchase Preview: As Michael Saylor Suggests Seventh Weekly BTC Acquisition, Investors Scramble Towards This Memes Coin Initial Coin Offering, Providing Complimentary Bitcoin
️Catch Up on the Latest News with Our Telegram Channel
Check out the latest updates in the world of Bitcoin! The digital currency's price recently inched up slightly, trading at approximately $105,236 as of 12:29 a.m. EST on 📅 June 1, 2025. Trade volume surged by 2% to $17.2 billion during this period.
This subtle price uptick comes in the wake of Strategy co-founder Michael Saylor's post of the SaylorTracker chart, indicating a possible upcoming Bitcoin acquisition by his company. With this purchase, the company could be on a streak of eight consecutive weeks of Bitcoin purchases.
In a recent tweet, Saylor mentioned, "Orange is my preferred color," alluding to a Bitcoin purchase. On May 26, the company previously made a purchase of approximately 4,020 BTC, worth around $427 million, bringing the company's total BTC holdings to approximately 580,250 BTC.
👉 Saylor's Tweet
Bitcoin Price: Bouncing Off Support, Poised for a 7% Surge?
The BTC price recently exhibited a rounded bottom pattern, a common bullish sign suggesting the asset might be primed for additional positive gains. The surge on the right side of the curve was supported by the 0.786 Fibonacci level at $77,121.
Upon surpassing the $104,200 resistance, the price of Bitcoin reached a new all-time high (ATH) around $112. However, the bears soon took control of the price, pushing it back down to the $104,200 level, as data from GeckoTerminal shows.
Currently, it appears that the Bitcoin price is bouncing off the support zone, with key technical indicators shifting positively. The BTC price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a bullish signal.
Furthermore, the 50-day SMA has recently crossed above the 200-day SMA, creating a golden cross near $93,572, further confirming a bullish trend.
Currently, the Relative Strength Index (RSI) is rebounding from the 50 neutral level, currently at 54. If the bulls persist in buying and push the RSI even higher, the Bitcoin price could potentially skyrocket, potentially driving the asset to the next resistance level at the 0 level, representing a 7% surge from the current level. Additional bullish momentum could propel the price of Bitcoin to a new ATH at $127,448.
If the bears manage to take control at this level, however, the Bitcoin price could drop to the $95,182 level, aligning with the 0.382 Fib level.
While investors are focusing on Bitcoin, they are also diving into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL).
YouTuber Jacob Bury, with over 56.7k subscribers, predicts that BTCBULL has the potential to surge tenfold after its launch.
BTC Bull Token Presale Nears $7M Milestone - A Breakthrough Alternative to Bitcoin?
BTC Bull Token is a meme coin inspired by Bitcoin, with a goal to help investors ride the Bitcoin bull market while racking up free BTC along the way.
When Bitcoin hits key price milestones for the first time, such as $150K and $200K, BTCBULL token holders will receive BTC airdrop rewards directly into their wallets. If Bitcoin reaches $250K, a massive BTCBULL airdrop will take place, with the project allocating 10% of the total token supply for this event.
Furthermore, when Bitcoin reaches $125K, $175K, and $225K, the team will burn up to 15% of the total token supply to create scarcity, a tactic often associated with price increases.
Upon Bitcoin reaching $125K, BTCBULL will initiate its first token burn. 🔥
👉 BTCBULL Twitter
To date, investors have invested over $6.7 million in the project during its early presale stage. Investors can also earn a passive income through the project's staking protocol, offering a 61% annual yield.
👉 Invest Now
Stay tuned for breakthrough news coverage, and don't miss out on the opportunity to join the Bitcoin revolution.
👉 Join Our Telegram Channel
- In the context of potential Bitcoin price surges and technological advancements, it's worth considering investment opportunities in correlating digital assets, such as the recently launched Bitcoin-themed meme coin, BTC Bull Token (BTCBULL).
- As Bitcoin's price trajectory shows promise and Strategy's continuous Bitcoin acquisitions signal a bullish trend in the finance sector, some investors are taking a leap towards innovative alternatives, like BTCBULL, leveraging both technology and finance for potential gains.
