Bitcoin Price Analysis: As Cardano Founder Charles Hoskinson Says BTC Could Hit $500K In 24 Months, This Presale Closes On $7 Million

Bitcoin Price Edges Higher, Targeting $100,000

Over the past 24 hours, the Bitcoin price has increased slightly, trading at $99,215 as of 02:36 a.m. EST. However, trading volume has decreased by 18% to $55.4 billion.

Charles Hoskinson, co-founder of Ethereum, predicts that Bitcoin could reach $250,000-$500,000 within the next 12-24 months. He cites growing investment inflows and increased interest in the cryptocurrency market.

"This will result in an ecosystem whose value approaches that of gold, an asset humans have valued for over 5,000 years," Hoskinson stated.

Bitcoin Price's Bullish Trend Continues

Bitcoin has been on a sustained bullish run since capitalizing on the $69,000 level in early November. According to GeckoTerminal data, BTC is showing higher highs and higher lows within a rising channel pattern.

BTC's position above the 50-day and 200-day Simple Moving Averages (SMAs) supports the continued uptrend.

The Relative Strength Index (RSI) stands at 54, indicating a neutral-to-bullish reading and suggesting that the asset is neither overbought nor oversold.

The Moving Average Convergence Divergence (MACD) supports the current bullish trend as the price of Bitcoin bounces back from the rising channel pattern's lower channel. A bullish crossover has formed as the blue MACD line crosses above the orange signal line.

If the bullish momentum continues, Bitcoin could surge towards $100,000 and eventually target $110,000.

Crypto All-Stars Presale Nears Completion

Investors are actively participating in the Crypto All-Stars (STARS) presale, which has raised over $6.9 million and is closing in on $7 million.

YouTube crypto analyst ClayBro, with over 130K subscribers, believes STARS has the potential to increase 10-fold post-launch.

Crypto All-Stars: Revolutionizing Meme Coin Investing

Crypto All-Stars aims to revolutionize the meme coin sector with its "MemeVault" platform. This platform allows users to stake popular meme coins like DOGE, SHIB, and PEPE in one location, earning STARS tokens as rewards.

Eight additional meme coins can be staked initially, including Floki Inu, Brett, and Bonk. The platform plans to add more in the future.

STARS tokens can be purchased for $0.0016384 through the project's website, using BNB, USDT, or bank cards.