Bitcoin Price Prediction: As US CPI Rises More Than Expected, Analysts Say Consider This ICO Offering Huge Staking Rewards For DOGE, SHIB, And PEPE

The
Bitcoin
Price
rose
a
fraction
of
a
percent
in
the
last
24
hours

to
trade
at
$60.373

as
of
03:40
a.m.
EST
on
trading
volume
that
rose
7%
to
$30
billion.

This
comes
as
the
US
consumer
price
index
(CPI)
increased
a
seasonally
adjusted
0.2%
in
September,
putting
the
annual
inflation
rate
at
2.4%.
Both
were
0.1
percentage
points
higher
than
expected.

Meanwhile,
core
inflation,
excluding
food
and
energy,
increased
0.3%
on
the
month,
putting
the
annual
rate
at
3.3%.

Bitcoin
Price
Aims
For
A
Bullish
Trend
Reversal

According
to
data
from


GeckoTerminal,
the
Bitcoin
price
appears
to
be
in
a
sideways
to
slightly
bearish
phase,
as
the
bulls
struggle
to
keep
it
above
$66,000.

The
recent
downtrend
from
the
$62,200
support
allowed
the
bears
to
push
Bitcoin’s
price
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).

The
Relative
Strength
Index
(RSI)
is
in
the
lower-middle
range,
currently
at
42,
leaning
slightly
towards
oversold
territory
(below
50
but
not
yet
below
30).
This
suggests
the
asset
is
in
a
bearish
phase
but
not
yet
heavily
oversold,
leaving
room
for
further
downside
or
consolidation
before
a
potential
reversal.

The
highlighted
Fair
Value
Gap
(FVG)
box
near
the
$57,500
level
represents
an
inefficiency
or
gap
in
price
action
where
the
market
may
revisit
to
fill
orders.
The
price
of
Bitcoin
recently
bounced
from
this
area,
suggesting
it’s
a
strong
demand
zone.

Currently,
the
Bitcoin
price
has
not
yet
filled
the
FVG.
In
such
a
scenario,
the
Bitcoin
Price
could
plunge
even
further
down
to
the
$57,500
support
zone.

Meanwhile,
if
the
bulls
take
control
of
the
price
at
this
level,
Bitcoin
price
could
soar
over
to
breach
the
immediate
resistance
zone
at
$61,685
(50-day
SMA)
as
the
bulls
aim
for
the
next
resistance
at
$66,200.

As
the
Bitcoin
price
bulls
search
for
more
buying
signals,
investors
are
piling
into
the
new
meme
token Crypto
All-Stars
(STARS),
which
has
amassed
over
$2.18
million
in
its
presale

99Bitcoins,
an
influential
crypto
channel
on
YouTube
with
over
$706K
subscribers,
says
$STARS
has
the
potential
to
soar
100X
after
its
launch.

Crypto
All-Stars
Presale
Heads
For
$2.5
Million
–
Best
Crypto
To
Buy
Now?

Crypto
All-Stars
is
off
to
a
roaring
start
in
its
presale,
bringing
an
average
of
over
$260k
each
week
since
it
launched
about
two
months
ago.

The
project
is
the
industry’s
first
unified
meme
coin
staking
platform,
enabling
investors
to
earn
returns
in
STARS
from
tokens
like
Dogecoin,
Shiba
Inu
and
Pepe
on
a
single
platform.

Why
Is
Everyone
Excited?

In
its
initial
presale
phase,
Crypto
All-Stars
raised
over
$350k!
????

This
early
success
shows
that
investors
see
BIG
potential
here.
????

Could
this
be
the
next

$PEPE?
????

—
web3telepath
(@web3telepath)

August
15,
2024

The
other
eight
meme
coins
that
can
be
staked
on
the
Crypto
All-Stars
platform
via
its
innovative
MemeVault
protocol
are
Floki,
Brett,
Mog
Coin,
Milady,
Turbo,
Toshi,
Coq
Inu,
and
Bonk.
More
meme
coins
will
be
added
in
the
coming
months.

You
can
also
earn
passively
through


the
project’s
native
staking
mechanism,
which
offers
a
stunning
680%
annual
percentage
yield
(APY).

You
can
buy
STARS
tokens
now
for
$0.0014947.
The
price
will
increase
in
less
than
2
days,
so
act
fast
to
lock
in
the
best
deal.

Purchase
$STARS
from
its
official
website
here
using
BNB,
USDT,
or
a
bank
card.

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