Bitcoin Price Prediction: Can Bitcoin Break $250,000 as JetBolt Blows Away Crypto Whales

Bitcoin (BTC) is trading at $80,486 today and has declined by 5.0% in the last 24 hours. During this tumultuous period, many market observers are wondering why BTC is down and when it will rebound.

In other news, the new altcoin, JetBolt (JBOLT) is blowing away crypto whales with its new presale milestone that has already sold over 335 million tokens. This young crypto continues to gain popularity, featuring its zero-gas technology powered by the Skale Network.

Why is Bitcoin down today? What’s behind JetBolt’s presale success? Let’s explore.

Bitcoin Price Prediction: Can Bitcoin Smash $250,000?

Bitcoin (BTC) was reportedly down 18.1% over the past week and 21.1% this month. Given its current bearish sentiment, some traders suggest that there’s a possibility that the coin could encounter another sell-off and fall further to $70,000. 

According to NAGA trading platform General Manager George Pavel, Bitcoin could drop as low as $70,000 as the coin's key resistance level has reached $90,000. Pavel also added that if Bitcoin fails to hold above its key support of $82,000, the coin could decline more. 

Analysts believe Bitcoin’s decline is caused by several factors: BTC’s spot exchange-traded fund (ETF) outflow amounting to $1.1 billion on February 25th and the recent crypto hack on the ByBit platform worth $1.5 billion that has affected the overall sentiment on the crypto market. Analysts also added that Bitcoin’s price is also below 200 Exponential Moving Average (EMA), which is the first time it has happened to Bitcoin since September 2024.

For Bitcoin to rebound, the coin must not fall further below its key support, reverse its bearish trend, build bullish momentum, and break its price milestones and all-time highs (ATHs). An increase in its wide adoption and more developmental news about Bitcoin could help propel its price. 

JetBolt (JBOLT)’s Presale Close to 335 Million Token Sales: What’s Behind the Mounting Hype?

While Bitcoin faces a rough week, the new altcoin JetBolt (JBOLT) is mounting hype among crypto whales and enthusiasts with its presale milestone selling more than 335 million tokens already. This young disruptor offers zero-gas technology that addresses one of the longstanding hurdles in blockchain—paying for gas fees.

Leveraging the cutting-edge Skale Network, JetBolt’s zero-gas tech completely removes the gas charges in all blockchain transactions. With this intuitive solution, developers working on decentralized applications (dApps), blockchain gaming, and Web3 projects could freely adjust their projects on JetBolt’s platform without worrying about gas fees. 

Aside from gas-free transactions, JetBolt also offers lightning-fast transactions and near-instant finality features, which make transactions on JetBolt’s platform seamless and irreversible.

One of JetBolt’s main highlights is its Web3 wallet, which features biometrics and facial recognition that allows the login process to be sleek and uninterrupted. JetBolt’s Web3 wallet is also self-custodial, which means only token holders can have access to their accounts.

For those who want to acquire more JBOLT tokens, Alpha Box packages can grant up to 25% more bonus tokens. But that’s not all—token holders can gain more rewards when they stake their tokens and engage with other users on JetBolt’s platform, thanks to its Proof of Attendance and Worth protocol. 

Wrapping Up: Will Bitcoin Rebound as JetBolt Blows Away Crypto Whales

While Bitcoin was hit by a market downturn, analysts believe that BTC could still rebound if market conditions favor it. In the meantime, Bitcoin must regain its momentum and increase its wide adoption.

On the other hand, the new altcoin JetBolt (JBOLT) is blowing away the crypto whales, boasting its presale of selling over 335 million tokens since its inception. JetBolt continues to captivate the crypto community and rise in popularity among buyers with its zero-gas technology, which resolves the ongoing issue of high gas fees. 

As the market evolves, both Bitcoin and JetBolt remain at the center of attention, drawing interest from traders and enthusiasts alike.

For more information, check out JetBolt’s official website and X page today.

This piece is intended for informational purposes only and not for trading or financial advice. All cryptocurrencies may surge or decline without warning. Please do your own research (DYOR) before acquiring any cryptocurrency or engaging in this field. Trade responsibly.