Investors flock to an initial coin offering (ICO), touted as a means to acquire free Bitcoin, following Eric Trump's remarks that everybody is hoarding the cryptocurrency.

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The Bitcoin price jumped by 1% in the last 24 hours, hovering at $104,274.33 as of 9:42 p.m. EST, as investors continue to back the leading cryptocurrency.

This minor surge in BTC's price comes on the heels of Eric Trump's comment about a global race for Bitcoin accumulation. During a panel at Consensus 2025, the US President's second-eldest son stated that everyone across the globe is trying to amass Bitcoin right now.

Bitcoin Price Aiming Towards a Challenging Resistance Level?

Inspecting the daily chart for BTC/USDT (Source: TradingView), it appears that Bitcoin has been printing higher highs and higher lows for a few days in a row, resulting in a constructive bullish price channel. If BTC maintains trading within this positive range for the next 48 hours, it might surpass the resistance level at $107,963.22.

However, a slide beneath the lower border of the escalating price channel due to a sudden market shift could lead to a more bearish outcome. Traders might then begin shorting BTC, causing the price to plummet towards the nearby support level at $98,371.74. Fierce selling pressure could even drive the fee to as low as $88,023.04.

Technical Indicators Suggest a Potential Pullback Over the Next 24 Hours

Looking at the technical indicators on the daily chart, they offer a bearish outlook for the Bitcoin price over the following 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are on the brink of triggering significant bearish technical flags.

The MACD line has been steadily declining towards the MACD Signal line in recent days. This data shows that Bitcoin's bullish momentum is starting to weaken. Now, the MACD line is about to fall beneath the Signal line. If this intersection occurs, traders might see the technical event as a hint that the Bitcoin price is entering a negative cycle.

Examining the RSI, the indicator is also on the verge of dropping below its Simple Moving Average (SMA) line on the daily chart. A line-crossing between these two indicators, whereby the RSI falls below the SMA, could confirm a bearish shift in Bitcoin's market dynamics.

While technical indicators point towards a potential Bitcoin price decline, investors are jumping into the presale for a meme coin called BTC Bull Token (BTCBULL). Popular YouTube channel 99Bitcoins, which has over 725K subscribers, speculates that BTCBULL has the potential to skyrocket 10X after launch.

A Meme Coin That Rewards Its Investors With Free Bitcoin

BTC Bull Token, a Bitcoin-inspired meme coin, revolves around the assumption that the largest cryptocurrency by market cap will climb to $1 million, and maybe even higher. As the Bitcoin price soars to new heights, the project will celebrate predetermined milestones by airdropping Bitcoin to BTCBULL token holders and performing a series of BTCBULL token burns.

The first Bitcoin airdrop will occur when BTC breaks $150K for the first time. Thereafter, with every new $50K milestone BTC achieves, another Bitcoin airdrop will be initiated for BTCBULL token holders.

BTCBULL token burns will follow the same milestone-based plan, but will begin when Bitcoin reaches $125K. Every subsequent $25K increase will then also permanently remove tokens from the circulating supply.

This combination of Bitcoin airdrops and BTCBULL token burns could result in a powerful rally for the meme coin, especially if more investors rush to acquire the crypto for the Bitcoin airdrops.

Moreover, with Eric Trump's remarks about investors worldwide hoarding Bitcoin, BTCBULL provides a more affordable method for investors to build a Bitcoin stash without having to purchase Bitcoin directly. This alternative enables BTCBULL investors to capitalize on BTC's gains without witnessing its turbulence.

Investors Rush To Buy BTCBULL Pre-Sale

There is already strong demand for BTCBULL before it enters the market, as evident by the over $5.8 million the project has raised so far through its ongoing presale. If this ICO fervor continues during the coin's launch, it could fuel the 10X surge predicted by 99Bitcoins.

Intrigued investors can purchase the token via the simple buy widget on the project's website. Currently available for $0.002515, BTCBULL can be bought using either crypto or bank card.

After securing some BTCBULL, investors can also put their tokens to use through the project's presale staking pool that promises a 71% APY.

Anyone interested in seizing the best deal should aim to buy before the next presale rate increase within approximately 2 days.

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With Eric Trump's comments about a global race for Bitcoin accumulation, it might be an opportune time for investors to consider investing in alternative cryptocurrencies, such as BTC Bull Token (BTCBULL), that offer the potential for significant returns.
As Bitcoin's technical indicators suggest a potential pullback over the next 24 hours, some investors might seek to diversify their portfolio and explore options like BTCBULL, which offers unique rewards like Bitcoin airdrops and token burns.