Bitcoin Price Prediction: BTC Standstill Continues, But Will Investors Shift to Evil Pepe Token?

Updated: 28 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Late on Wednesday, July 26, Bitcoin’s price saw a sharp increase of $29.66k, causing excitement among traders who believed that the price might go back to $30k and beyond. Unfortunately, this did not happen, and Bitcoin stopped at $29,667.

Bitcoin price drops after surging to $29.66k

However, the price has then corrected on July 27, dropping back to $29,100. Since then, the coin has been trading sideways for over 18 hours as of the time of writing.

Its fluctuations have taken it from $29.1k to $29.3k and back down again. For now, the coin is trapped between these two levels.

Monitoring the current price action, analysts said that they are keeping a close eye on a possible pullback from the support zone at $28,000, with the target set at the 5th wave at $34,000.

The RSI is following the price action within the channel without significant bullish signals at this time. As a result, it is essential to exercise caution when navigating the range-bound market.

Evil Pepe presale nears $1.5m milestone

As Bitcoin continues to struggle, many investors are searching for new opportunities and are finding them in the new, emerging tokens.

One example is Evil Pepe (EVILPEPE), a new meme coin that is currently in the middle of its presale. The project has had a slow start to the presale, but since then, it has seen a significant surge in the amount of raised funds.

The project has already raised $1.35 million out of its $1.99 million goal, selling EVILPEPE tokens at a price of $0.000333 per unit.

This situation shows that the token is rapidly attracting users and capital, as it inspires users to embrace their “evil side” and take chances with investing.

Most Searched Crypto Launch - Pepe Unchained

Rating