Bitcoin Price Flat After Moody’s US Credit Rating Downgrade, But This Crypto Gifting BTC Goes Parabolic In Presale

The Bitcoin price has climbed 0.26% in the last 24 hours to trade at $103,399 as of 9 p.m. EST on a 17% slump in trading volume to $36 billion.

The climb in the BTC price comes after Moody’s downgraded the US credit rating, raising concerns about rising government debt and potentially weakening trust in traditional financial systems.

Bitcoin is increasingly seen as a hedge against inflation and fiscal instability.

Moody’s downgrades United States credit rating.

Lowered the U.S. credit rating from Aaa to Aa1

It’s the first time the US has been rated below AAA by Moody’s since the agency began assigning ratings in 1917.

Last time an agency downgraded is shown on the chart below 🧐 pic.twitter.com/n6HFWa5nL7

— The Currency Merchant (@StkishTCM) May 16, 2025

With US debt levels projected to grow still further, some investors are turning to Bitcoin as a decentralized alternative to fiat currencies. This shift shows growing interest in crypto as a store of value during periods of economic uncertainty.

Bitcoin Price Breaks Above Key Resistance

The Bitcoin price has surged past the $103,000 mark, igniting bullish momentum after successfully breaking through a key resistance zone that previously capped price action earlier in the year. BTC is now trading at $103,399, up 0.26% on the day, and is showing signs of a potential continuation toward the $120,000 level.

The chart shows a double bottom pattern around the $80,000 support level. This reversal pattern set the stage for the current uptrend, culminating in a confirmed market structure shift (MSS) and strong price movement above historical resistance levels.

The price also shows a breach of a “major resistance” level around the $100,000 area. The breakout was supported by rising relative strength index (RSI) levels, which are currently hovering around 67.5, approaching overbought territory but still offering room for continued upside.

BTCUSDT Analysis Source: Tradingview

Bitcoin Price Targets $120K In Potential Bullish Rally

The RSI previously tapped 69.85 before slightly cooling off, indicating a healthy momentum rather than exhaustion. Additionally, the chart shows two Fair Value Gaps (FVGs) at $90,000–$95,000 and $100,000–$102,000 that may act as areas of support in the event of a pullback.

The bullish scenario is also backed by the formation of higher lows and a smooth cup-shaped rally pattern since April, indicating strong accumulation and bullish sentiment. With liquidity zones swept both to the upside and downside in previous months, Bitcoin appears to be in a favorable position to target higher resistance levels.

If the current momentum holds and Bitcoin maintains support above $100,000, analysts expect a bullish rally could push prices toward $120,000 in the coming weeks.

BTC Bull Token Presale Nears $6M – Next Crypto To Explode?

While the Bitcoin price consolidates, attention is quickly shifting to BTC Bull Token (BTCBULL), a rising Bitcoin-themed meme coin that has already secured over $5.9 million in its presale phase.

The project is based on the belief that Bitcoin could rise to above $1 million per coin, and has set up airdrop triggers that are aligned with specific BTC price milestones.

Don’t fade the bull. 🐂💨 pic.twitter.com/EanKfbR77z

— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 10, 2025

BTCBULL Investors Set To Receive Bitcoin Airdrops

The first reward will be unlocked when Bitcoin hits $150,000 for the first time. Additional airdrops will be triggered at every new $50,000 milestone thereafter, up to the ambitious $1 million target. However, the size of each reward will depend on investors’ presale contribution.

One of the most important Bitcoin milestones comes at the $250,000 mark, when 10% of the total 21 billion BTCBULL supply will be airdropped.

This major distribution event is expected to deliver huge returns for long-term holders, especially amid growing optimism that the next crypto bull run may already be underway.

The incentive scheme is a key reason why popular crypto YouTube channel 99Bitcoins, with more than 723k subscribers, predicts BTCBULL could surge by 10X after it launches.

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Buy BTCBULL Now Before The Next Presale Price Hike

The project also has a deflationary token burn mechanism tied to Bitcoin’s price growth. The burns will begin when BTC hits $125,000 and will continue at every $25,000 increment thereafter, mirroring the airdrop schedule and adding upward pressure on BTCBULL’s price by reducing supply.

Investors can also take advantage of the token’s 70% annual staking return, offering an attractive source of passive income for early participants.

Currently priced at just $0.002515, BTCBULL’s presale accepts crypto and card payments through an easy-to-use widget embedded on the official website.

Interested investors will want to hurry because there will be a price hike in a little more than 2 hours.

Check Out BTC Bull Token.

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