SILVER

Token

Bitcoin

Super Trump

The Bitcoin price surged 8% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $88,556</a> as of 04:36 a.m. EST on trading volume that skyrocketed 87% to $146 billion.
Bitcoin’s market capitalization surpassed that of silver to reach $1.74 trillion, making it the world’s eighth-largest asset.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨 BREAKING 🚨
 BITCOIN HAS FLIPPED SILVER IN MARKET CAP, AND NOW RANKING AS #8 LARGEST ASSEST IN THE WORLD 🔥🚀 <a href="https://t.co/gI7ijJCt31" rel="noopener noreferrer nofollow">pic.twitter.com/gI7ijJCt31</a>
 — TheLordofEntry (@thelordofentry) <a href="https://twitter.com/thelordofentry/status/1856088849450967328?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
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The BTC pump comes after Donald Trump’s landslide election win last week and news yesterday that MicroStrategy had bought another 27,200 BTC for about $2.03 billion. The firm now holds 279,420 BTC.
<h2 id="bitcoin-price-aims-for-a-continued-surge">Bitcoin Price Aims For A Continued Surge</h2>
The Bitcoin price has been on a parabolic rise in November, as the bulls capitalized on the $69,000 support level to push the price further above, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The 50-day Simple Moving Average (SMA) (white line) is at $76,248, and the 200-day SMA (yellow line) is at $69,272. Moreover, 50 MA is significantly above the 200 MA, creating a “Golden Cross” around $59,476 which is a strong bullish signal, indicating the Bitcoin price momentum in favor of further upward movement.
The Relative Strength Index (RSI) is at 82.77, which is in overbought territory (typically above 70 is considered overbought). This high RSI indicates strong bullish momentum, but it also signals that the asset might be reaching an overbought state, meaning it could be vulnerable to a short-term pullback or consolidation.
The MACD line (761.72) is far above the signal line (3460.40), confirming strong bullish momentum. The histogram is also positive, reinforcing this trend.
If this momentum sustains, the bulls are aiming at the next possible target at $100,000.
<figure id="attachment_597220" aria-describedby="caption-attachment-597220" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-597220" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal" width="1257" height="412" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29.png 1257w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-300x98.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-1024x336.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-12_12-36-29-768x252.png 768w" sizes="(max-width: 1257px) 100vw, 1257px">
 <figcaption id="caption-attachment-597220" class="wp-caption-text">BTCUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
Conversely, if the bears act on the RSI being overextended and overvalued, the price of Bitcoin could drop, with the SMAs at $76,248 and $69,272 acting as the possible support zones.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Best Wallet (BEST)</a> presale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🔥 The <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
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<h2 id="best-wallet-s-upcoming-tokens-feature-raises-2-7m-in-six-weeks">Best Wallet’s Upcoming Tokens Feature Raises $2.7M In Six Weeks</h2>
<a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Best Wallet</a>&nbsp;is a top non-custodial Web3 crypto wallet supporting over 50 major chains. It enables users to buy, swap, hold, and sell cryptocurrencies like Bitcoin, Ethereum, and USDT, all while maintaining control over their assets.&nbsp;
Known for challenging traditional wallets like MetaMask, Best Wallet offers innovative features, such as its “Upcoming Tokens” tool. This feature simplifies participation in token presales while protecting users from scam sites.
Since launching about six weeks ago, Upcoming Tokens has already raised $2.7 million across all featured presales. This highlights wallet users’ growing preference for the tool, as they seek to get in early on promising projects swiftly and with minimal hassle.
Best Token itself is also being launched currently via the Upcoming Tokens feature in Best Wallet.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 No more missing out on early-stage <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> projects! 💸
 With Best Wallet’s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app!
 Download now! 👉 <a href="https://t.co/he5kzra7TY" rel="noopener noreferrer nofollow">https://t.co/he5kzra7TY</a> <a href="https://t.co/ZcNZ1b6Up1" rel="noopener noreferrer nofollow">pic.twitter.com/ZcNZ1b6Up1</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1850145407763873939?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 26, 2024</a>
</blockquote>
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Since launch, Best Wallet has processed 21,000+ presale transactions, with an 810% user growth and 50% monthly increase. It offers reduced fees, early project access, higher staking rewards, and the opportunity to earn more through daily airdrop tasks.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Did you know? You can earn <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
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For the first two weeks, the $BEST Token presale is exclusive to Best Wallet users, allowing them to secure $BEST tokens at a reduced price of $0.0225 right now.&nbsp;
To join the presale before a price increase in less than two days, download Best Wallet at <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">the official $BEST Token website here</a>.
<h2 id="related-news">Related News</h2>
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Bitcoin Price Eyes $100K, Flips Silver Market Cap After MicroStrategy Buys $2 Billion BTC, But Traders Flock To This New ICO For Parabolic P...

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