Bitcoin Price Prediction: As US Government Is Cleared To Sell $6.5 Billion Worth Of Seized BTC, Traders Pivot To This Best Crypto Wallet Token ICO With 287% APY
The Bitcoin price plunged 3% in the last 24 hours to trade at $94,204 as of 02:20 a.m. EST on trading volume that plunged 6% to $64.6 billion. This comes as the US Department of Justice (DOJ) was cleared to authorize the sale of about 69,370 Bitcoin that were seized from the Silk Road darknet marketplace. This stash is currently worth around $6.5 billion. 🇺🇸 US government cleared to sell 69,370 bitcoin worth $6.5 billion seized from Silk Road 😬 pic.twitter.com/mrkD6VWGDw — Ajay Kashyap (@EverythingAjay) January 9, 2025 Bitcoin Price Still Showing Signs Of A Bullish Rally The BTC price daily chart reflects a period of significant consolidation after a strong upward rally earlier in the year. The Bitcoin price recently tested a key support zone around $92,000–$94,000, holding up multiple times during pullbacks. However, resistance at $101,000 (marked in orange) has kept the price in check, creating a well-defined range-bound structure, as...