Like so many times in the last few months, Bitcoin is once again at a critical point.
But, with volumes looking steady and the Relative Strength Index (RSI) rising above 58, the bulls seem to once again be in control.
Volumes have dried up, volatility is collapsing, and moving averages don’t offer any consolation, either.
Importantly, $XRP has managed to hold the crucial $2 level despite the broader market’s choppiness.
Trading volumes are decent, and with major moving averages flattening (a classic sign of contracting price action), we could expect a strong upward move soon.
BTC Bull Token could be the next logical winner of a Bitcoin-led crypto bull run.
It’s got everything we look for in an altcoin ready to explode: low ‘presale’ pricing, a unique Bitcoin-following model, an excellent roadmap, and most importantly, investor confidence and loads of hype.
BTC Bull Token’s crown jewel is its free $BTC airdrops. Every time Bitcoin reaches a new major milestone, like $150K and $200K, $BTCBULL holders will automatically receive their share of $BTC.
As the first-ever crypto to offer free Bitcoins to its token holders, $BTCBULL offers a strong incentive to its buyers to hold on to their purchased tokens for the long term.
A huge reason behind such eye-watering potential is the project’s token burn events.
BTC Bull Token developers plan to shave off a part of the total token supply at regular intervals. This will reduce $BTCBULL’s supply over time.
The developers have strategically placed the token burn events to occur alongside rising Bitcoin prices. Every time the king cryptocurrency’s price climbs by $50K, there will be a token burn event. This will increase scarcity, just as demand for anything Bitcoin-related surges.
One $BTCBULL is currently available for just $0.00258, with over $7.7M in early investor funding already raised.
Bear in mind that investments in crypto are subject to market risks. Invest carefully, and only after doing your own research; this article isn’t financial advice.
