Token

Bitcoin

Million

PEPE

Gains

The Bitcoin price plunged 5% in the last 24 hours to trade at $93,512 as of 02:21 a.m. EST on trading volume that surged 94% to $120 billion.
This follows MicroStrategy’s announcement on Monday that it acquired an additional 55,000 BTC for $5.4 billion between November 18 and November 24.
With this latest purchase, the company now holds approximately 386,700 BTC, acquired at a total cost of about $21.9 billion, averaging $56,761 per BTC.
<h2 id="bitcoin-price-currently-undergoing-a-correction">Bitcoin Price Currently Undergoing A Correction</h2>
After what appears to be a parabolic rise in November, the Bitcoin price then went through a cool-off, as the bulls used the $90,000 support to push the price up through a rising channel pattern, according to data from <a href="https://www.geckoterminal.com/eth/pools/0x9db9e0e53058c89e5b94e29621a205198648425b" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The price of Bitcoin, however, has breached the lower boundary of the channel, suggesting that BTC is currently undergoing a correction.
The current correction has pushed the price of Bitcoin to trade below the 50-day Simple Moving Average (SMA). However, the BTC price still trades above the 200-day SMA, which maintains some bullish prospects for the price of Bitcoin.
Additionally, the Relative Strength Index (RSI) is also dropping towards the 30-oversold region, according to the BTC/USD chart analysis on the 4-hour timeframe, currently at 37. This confirms the current price correction.
If the correction continues, the price of Bitcoin could drop, with the 200-day SMA acting as next possible support at $80,778.
<figure id="attachment_604718" aria-describedby="caption-attachment-604718" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-604718" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-26_10-21-35.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal" width="1281" height="476" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-26_10-21-35.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-26_10-21-35-300x111.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-26_10-21-35-1024x381.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-26_10-21-35-768x285.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-604718" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
Conversely, if the price remains above the 200-day SMA, investors may still buy the asset, with the next possible target for the bulls being the 100,000 resistance.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Best Wallet (BEST)</a> presale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🔥 The <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> token presale is officially live! 🔥
 For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!
 Join the presale now and secure your tokens at a discounted price. 🚀
 Download the app! 📲… <a href="https://t.co/VItxcDHAoE" rel="noopener noreferrer nofollow">pic.twitter.com/VItxcDHAoE</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1855936977184391282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="best-wallet-presale-amasses-over-1-2-million-in-funds-raised">Best Wallet Presale Amasses Over $1.2 Million In Funds Raised</h2>
Best Wallet is a new Web3 crypto wallet that combines advanced features with a user-friendly design, aiming to become a leader in the next generation of crypto wallets.
Its native token, $BEST, has gained significant interest among investors, demonstrated by the rapid sell-out of the first stage of its private sale, which raised $162,000 within six hours. 
The token has now amassed over $1.2 million in funds raised. The private sale ended on Monday, and the presale is now open to the public.&nbsp;
The wallet offers a unique presale approach, allowing users to buy $BEST tokens exclusively through the app itself.
An analyst on YouTube channel 99Bitcoins, with over 709k subscribers, says Best Wallet is his favorite crypto wallet.
<iframe title="THE BEST CRYPTO WALLET?! Why This Is My Favorite No KYC Crypto Wallet!" width="640" height="360" src="https://www.youtube.com/embed/IiBL8sdFC_Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
The native token, $BEST, powers the Best Wallet ecosystem, providing reduced transaction fees, exclusive early access to the hottest new presale, and gamifies wallet engagement through the $BEST airdrop.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Did you know? You can earn <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> tokens by completing daily airdrop quests! 💸💸💸
 The more points you stack, the more <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
 Remember, daily quests reset everyday at midnight. Don't… <a href="https://t.co/APEuMjfNZZ" rel="noopener noreferrer nofollow">pic.twitter.com/APEuMjfNZZ</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1855203729043026273?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Investors can currently purchase $BEST for $0.022775. To join the presale before a price increase in about 32 hours, download Best Wallet on <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">the official $BEST Token website</a>, click on ”Upcoming,” and grab your BEST tokens.&nbsp;
<h2 id="related-news">Related News</h2>
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 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/mad-price-prediction-mad-surges-233-in-a-week-but-experts-say-consider-this-innovative-staking-meme-coin-for-100x-gains" rel="noopener noreferrer nofollow">MAD Surges 233%, But Experts Say Consider This Staking Meme Coin For 100X Gains</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/is-it-too-late-to-buy-ego-ego-price-soars-19-and-this-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow">Ego Price Soars 19% And This Might Be The Next Crypto To Explode</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-plunges-4-but-pepe-unchained-presale-smashes-52-million-amid-coinbase-listing-rumors" rel="noopener noreferrer nofollow">PEPE Plunges 4%, But Pepe Unchained Presale Smashes $52 Million</a>&nbsp;&nbsp;</li>
</ul>
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