Bitcoin Price Prediction: As BTC Sets A New ATH Above $107K, This New PEPE Derivative’s ICO Surpasses $27 Million

The
Bitcoin
price
surged
2%
in
the
last
24
hours
to
trade
at
$106,162
as
of
11:18
p.m.
EST
on
trading
volume
that
soared
14%
to
$97.9
billion.

The
BTC
price
pump
took
the
leading
crypto
by
market
capitalization
to
a
new
all-time
high
(ATH)
of
$107,822
before
taking
in
a
slight
correction.

As
BTC
hit
its
ATH,
its
Energy
Value,
a
key
metric
of
the
BTC
Proof-of-Work
mining
ecosystem,
also
hit
$100,000
for
the
first
time
ever.

Bitcoin
Energy
Value
just
cleared
$100K
for
the
first
time
ever

pic.twitter.com/NRMf8bMSbu

—
Charles
Edwards
(@caprioleio)

December
16,
2024

Bitcoin
Price
Still
On
A
Sustained
Bullish
Rally

The
Bitcoin
price
has
been
in
a
strong
uptrend
since
late
October.
A
clear
ascending
channel
pattern
can
be
seen,
with
the
BTC
price
moving
consistently
between
two
upward-sloping
parallel
trendlines.
This
pattern
signifies
a
bullish
structure,
where
the
asset
is
making
higher
highs
and
higher
lows.

The
price
recently
tested
the
upper
boundary
of
the
channel,
at
$106,377,
signaling
strong
buying
pressure,
according
to
data
from


GeckoTerminal.

Meanwhile,
the
50-day
Simple
Moving
Average
(white
line)
is
providing
dynamic
support,
reflecting
short-term
bullish
momentum.
The
200-day
SMA
(yellow
line)
is
far
below
the
current
price,
which
reinforces
a
longer-term
bullish
trend.

The
current
Relative
Strength
Index
(RSI)
value
is
69.32,
approaching
the
overbought
territory
(above
70).
This
suggests
strong
momentum,
but
it
also
indicates
that
the
price
may
face
temporary
resistance
or
a
pullback
as
traders
could
look
to
take
profits.

The
Moving
Average
Convergence
Divergence
(MACD)
line
(blue)
has
crossed
above
the
signal
line
(orange),
forming
a
bullish
crossover.
The
MACD
histogram
is
positive
and
expanding,
which
signals
increasing
bullish
momentum.

BTC
Price
Prediction

Given
the
current
price
structure,
indicators,
and
ascending
channel,
the
price
could
test
the
upper
boundary
of
the
channel,
around
$108,000,
before
facing
significant
resistance.
A
breakout
above
the
ascending
channel
could
push
the
price
toward
the
next
psychological
resistance
level
of
$110,000–$112,000.

If
selling
pressure
increases,
the
BTC
price
could
retrace
toward
the
lower
boundary
of
the
channel
(USD
96,000)
or
the
200-day
SMA
(USD
96,483),
acting
as
strong
support.

As
the
Bitcoin
price
surges,
investors
are
also
buying
up
a
new
Pepe
alternative
called


Wall
Street
Pepe
(WEPE),
which
Cryptonews,
a
popular
crypto
channel
with
over
13k
subscribers,
says
could
be
the
next
massive
degen
play.

Wall
Street
Pepe
Raises
Over
$27
Million
In
Presale

The
Wall
Street
Pepe
presale
is
skyrocketing,
with
funds
raised
soaring
past
$27
million
in
less
than
two
weeks,
cementing
its
position
as
the
standout
meme
coin
ICO
in
the
market
right
now. 

Wall
Street
Pepe
is
about
more
than
just
the
gains.
Each
$WEPE
token
serves
as
your
ticket
to
join
the
WEPE
Army,
an
exclusive
insider
group
offering
access
to
member-only
trading
insights,
strategies,
and
alpha
calls.

I
can
only
show
you

$WEPE.
You’re
the
one
that
has
to
buy
a
bag.
????
⚔️

pic.twitter.com/trbEBRbPpC

—
Wall
Street
Pepe
(@WEPEToken)

December
8,
2024

The
WEPE
Token
also
offers
a
passive
income
opportunity
through
its
staking
feature,
which
offers
a
dazzling
45%
annual
percentage
yield
(APY).

You
can
buy
WEPE
Token
from
the
official
website
for
$0.0003646
using
ETH,
USDT,
or
a
bank
card. 

Buy
before
a
price
increase
in
17
hours
to
lock
in
the
best
deal.

Buy
WEPE
here.

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