Bitcoin Price Prediction: As Lawrence Summers Calls Trump’s Bitcoin Reserve Plan ”Crazy,” This New PEPE Derivative ICO Surges Past $1.2 Million

The
Bitcoin
price
slipped
over
3%
in
the
last
24
hours
to
trade
at
$98,661.54
as
of
3:44
a.m.
EST.

The
correction
in
the
BTC
price
comes
as
former
US
Treasury
Secretary
Lawrence
Summers
dismissed
incoming
President
Donald
Trump’s
plans
for
a
strategic
Bitcoin
reserve
as
“crazy.” 

“Some
of
what
is
being
said,
this
idea
that
we
should
have
some
kind
of
national
Bitcoin
reserve,
is
crazy,”
Summers
said
during
a
Dec.
6
interview
with
Bloomberg
TV.

BTC

also
experienced
a
turbulent
trading
day
yesterday
as
investors
celebrated
a
new
all-time
high
of
$103,583.91
for
the
crypto
leader.

But
the
euphoria
didn’t
last
long
as
BTC
suffered
a
quick
and
sharp
correction
to
below
$93K,
wiping
out
$200
billion
from
its
market
cap
in
the
process.
It
has
since
bounced
back
to
trade
at
its
current
price.

Bitcoin
Price
Could
Break
Out
Above
A
Consolidation
Channel
Soon

4-hour
chart
for
BTC/USDT
(Source:


TradingView)

The


Bitcoin

price
has
been
in
a
consolidation
phase
between
$93,362.62
and
$99,186.57
for
the
majority
of
the
last
few
days.
During
this
period,
it
has
broken
both
below
and
above
the
sideways
range,
but
each
break
out
of
the
consolidation
channel
did
not
last
long.

Now,
BTC
is
attempting
another
challenge
at
the
upper
boundary
of
the
channel
at
$99,186.57.
Should
the
leading
crypto
break
above
this
barrier
in
the
next
few
hours,
BTC
might
rise
to
as
high
as
$103,845.17
in
the
short
term.

However,
a
rejection
from
the
$99,186.57
threshold
might
lead
to
a
retest
of
the
$93,362.62
support.
A
drop
below
this
technical
safety
net
could
then
result
in
the
Bitcoin
price
dropping
to
the
subsequent
mark
at
$86,839.80.

Technicals
Suggest
Bears
Are
Losing
Their
Grip
On
The
Bitcoin
Price

From
a
technical
perspective,
BTC
seems
to
have
entered
into
a
negative
cycle
in
the
last
12
hours.
However,
there
are
signs
that
bulls
are
starting
to
make
a
comeback.
Throughout
the
last
trading
day,
the
MACD
line
crossed
below
the
MACD
Signal
line.
This
specific
technical
event
is
often
interpreted
as
an
indication
that
a
crypto
has
entered
a
bearish
trend.

The
Relative
Strength
Index
(RSI)
is
also
currently
positioned
below
its
Simple
Moving
Average
(SMA)
line
on
the
4-hour
chart.
This
could
suggest
that
sellers
currently
have
the
upper
hand
against
buyers. 

However,
the
RSI
line
has
started
to
rise
in
recent
hours
and
is
still
positively
sloped.
The
gap
between
the
RSI
and
SMA
lines
is
also
starting
to
narrow,
which
could
lead
to
bulls
stealing
back
the
advantage
from
their
bearish
counterparts.

While
traders
try
to
push
the
Bitcoin
price
back
above
$100K,
investors
are
rushing
to
buy
new
meme
coin
and
PEPE
spinoff


Wall
Street
Pepe
(WEPE)

for
potential
parabolic
gains.

A
Meme
Coin
On
A
Mission
To
Level
The
Playing
Field
For
Retail
Traders

Wall
Street
Pepe
(WEPE)
is
a
new
meme
coin
project
that
is
on
a
mission
to
empower
retail
traders.

As
WEPE
sees
things,
up
until
now
all
of
the
big
plays
in
the
crypto
market
have
been
kept
a
secret
by
greedy
crypto
whales.
Wall
Street
Pepe
will
level
the
playing
field
for
smaller
traders
by
giving
them
unrestricted
access
to
future
alpha
calls.

To
level
up
their
game,
traders
can
join
other
crypto
degens
and
join
the
WEPE
Token
Army.
Becoming
a
member
of
the
group
is
simple,
investors
will
just
need
to
purchase
the
WEPE
token
to
unlock
exclusive
insights
that
will
enable
them
to
trade
like
a
pro.

While
traders
wait
for
signals
and
insights,
they
also
stand
to
simultaneously
benefit
from
their
holdings
in
WEPE,
which
experts
say
could
surge
after
its
launch.

An
analyst
from
the
Cryptonews
YouTube
channel,
which
has
over
13K
subscribers,
said
that
WEPE
could
be
the
next
massive
degen
play.

Additionally,
investors
can
passively
grow
their
WEPE
holdings
through
the
lucrative
staking
opportunity
on
offer.
Anyone
who
locks
up
WEPE
tokens
now
will
gain
access
to
a
stratospheric
436%
annual
staking
yield.

Investors
Bet
Big
On
WEPE’s
Future

Wall
Street
Pepe’s
presale
recently
surpassed
the
$1.2
million
mark,
signaling
strong
investor
confidence
in
the
project’s
future.
Anyone
can
acquire
the
token
at
this
early
stage
using
the
simple
buy
widget
embedded
on
the
project’s
website. 

$1Million
raised
in
3
days.
The
future
is
green.
????⚔️

pic.twitter.com/MnZiMCqKR0

—
Wall
Street
Pepe
(@WEPEToken)

December
6,
2024

The
WEPE
token
is
currently
selling
for
$0.000204,
and
can
be
bought
with
either
crypto
or
bank
card.

Once
purchased,
investors
can
then
navigate
to
the
staking
page
on
the
website
to
put
their
WEPE
tokens
to
work
for
the
436%
staking
APY.

Purchase
and
stake
WEPE
here
for
the
436%
APY.

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