{"id":575981,"date":"2024-09-12T11:50:16","date_gmt":"2024-09-12T11:50:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=575981"},"modified":"2024-09-12T11:50:16","modified_gmt":"2024-09-12T11:50:16","slug":"bitcoin-price-prediction-btc-climbs-2-5-as-us-inflation-boosts-rate-cut-bets-and-this-new-ico-explodes-on-launch","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-climbs-2-5-as-us-inflation-boosts-rate-cut-bets-and-this-new-ico-explodes-on-launch","title":{"rendered":"Bitcoin Price Prediction: BTC Climbs 2.5% As US Inflation Boosts Rate Cut Bets, And This New ICO Explodes On Launch"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price climbed 2.5% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $57,964<\/span><\/a><span style=\"font-weight: 400;\"> as of 03:32 a.m. EST on trading volume that jumped 20% to $37 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after the release of the US inflation data, which signals optimism for a soft landing in the economy and bolstered bets on a 25 basis point Federal Reserve rate cut this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The latest Consumer Price Index (CPI) aligned with economists&rsquo; expectations, while the Core Inflation data exceeded expectations.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The first higher than expectation for Core CPI in 5 months.<br>Last time it happened, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> had a big dip from 70k+ to 60k.<br>Not sure how will it impact the market this time. With this core CPI data, high chance FED will only cut 25bps on Sep 18.<\/p>\n<p>Currently FED is fighting the 2 wars:&hellip; <a href=\"https:\/\/t.co\/0urAkaa8mL\">pic.twitter.com\/0urAkaa8mL<\/a><\/p>\n<p>&mdash; Degen Ape Trader (@Degen__Ape__) <a href=\"https:\/\/twitter.com\/Degen__Ape__\/status\/1833849258359001518?ref_src=twsrc%5Etfw\">September 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price Bound For A Bullish Rally<\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin price bulls<\/span><span style=\"font-weight: 400;\">&nbsp;have continued to push the price, forming a complete cup-and-handle pattern. The top of the pattern at $58,400 remains a challenge that the bulls need to overcome to push the price of Bitcoin above, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin price now trades above the 50-day Simple Moving Average (SMA), which is a confirmation that the asset is on a short-term bullish rally, with the 200-day SMA at $59,088 acting as the second resistance zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) is rebounding from the 50-midline level, soaring to 62 and closing in on the 70-overbought region, an indication that buying pressure is building up at this level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) also shows the likelihood of a continued uptrend, with the MACD now crossing above the neutral zone. The blue MACD line also crosses above the orange signal line, forming a bullish crossover.<\/span><\/p>\n<figure id=\"attachment_575984\" aria-describedby=\"caption-attachment-575984\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-575984\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-12_10-32-33.png\" alt=\"BTCUSD Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-12_10-32-33.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-12_10-32-33-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-12_10-32-33-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-12_10-32-33-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-575984\" class=\"wp-caption-text\">Bitcoin Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<h2>Bitcoin Price Prediction<\/h2>\n<p><span style=\"font-weight: 400;\">According to the Bitcoin price analysis, BTC is bound for a bullish trend continuation, which could see the bulls push the price to the next target of $62,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bears take charge of the price at this level, BTC could drop down to the major support zone at around $54,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors are rushing to buy the newly launched ICO <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Memebet Casino (MEMEBET Token)<\/span><\/a><span style=\"font-weight: 400;\">, which has blasted past $207k raised in 48 hours after <\/span><span style=\"font-weight: 400;\">a <\/span><a href=\"https:\/\/etherscan.io\/tx\/0xe54aeff279d2d6ab56b9d676cea86f1dcc1dd87ece04eaa5550b347f9efad285\"><span style=\"font-weight: 400;\">whale bought $50,000<\/span><\/a><span style=\"font-weight: 400;\"> worth of tokens on Sept. 11.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cryptonews, a popular YouTube channel with over 10K subscribers, says that $MEMEBET Token could soar 100X after its launch.&nbsp;<\/span><\/p>\n<p><iframe title=\"NEW MEMEBET TOKEN WILL 100X!! MAKE BETS WITH MEME COINS?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/dgqdweQeJVI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Memebet Casino Raises Over $156K &ndash; Next Crypto To Explode?<\/h2>\n<p><span style=\"font-weight: 400;\">Imagine making bets with meme coins that have the power to multiply your returns beyond your wildest expectations. With $MEMEBET Token, that dream could become a reality.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Memebet Casino is the first web and Telegram casino where users can wager with meme coins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Launching soon, Memebet Casino (MEMEBET token) seeks to revolutionize the decentralized crypto casino space by utilizing $MEMEBET tokens and popular meme coins.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">All in on $MEMEBET<\/p>\n<p>The home of degenerate gamblers &amp; high IQ apes.<\/p>\n<p>Presale, Casino &amp; Airdrop.<\/p>\n<p>Join the presale! &#128071; <a href=\"https:\/\/t.co\/cY4p8PqXzg\">https:\/\/t.co\/cY4p8PqXzg<\/a> <a href=\"https:\/\/t.co\/gkIJbgOXyK\">pic.twitter.com\/gkIJbgOXyK<\/a><\/p>\n<p>&mdash; MemeBet (@Memebetcasino) <a href=\"https:\/\/twitter.com\/Memebetcasino\/status\/1833495667919962329?ref_src=twsrc%5Etfw\">September 10, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The project targets the &ldquo;degen&rdquo; community, offering a wide range of casino games, high-stakes betting, and a sportsbook where users can wager using popular meme coins that include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By purchasing MEMEBET Token, players can unlock massive P2E airdrops, special degen rewards, and exclusive VIP benefits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, if you wager using $MEMEBET Token, you can earn additional rewards through the platform&rsquo;s <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">play-to-earn system<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The more you bet with the MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale, you can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $MEMEBET Token on the official website here for $0.025<\/span><\/a><span style=\"font-weight: 400;\"> using USDT, ETH, or a bank card. With a price hike coming in less than a day, buy soon to lock in the best deal.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-ai-crypto-coin-projects-top-picks-2023-juliana-clarisse-calsona-d67oe\/\"><span style=\"font-weight: 400;\">&#128640;&#129302; Best AI Crypto Coin Projects: Top Picks for 2023 &#129297;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-metaverse-crypto-projects-top-picks-nft-virtual-world-calsona-r6the\/\"><span style=\"font-weight: 400;\">&#128640;&#127760; Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts &#127918;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-exchanges\/coinbase-alternatives\/\"><span style=\"font-weight: 400;\">Coinbase Alternatives: 10 Platforms with Lower Fees and More Security<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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This comes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: BTC Climbs 2.5% As US Inflation Boosts Rate Cut Bets, And This New ICO Explodes On Launch\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-12T11:50:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Gaming.net-2024-07-29T110104.166.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evans Karanja\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nmivanco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evans Karanja\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981\"},\"author\":{\"name\":\"Evans Karanja\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/72acfe14b9166e2ecc820938305f46b6\"},\"headline\":\"Bitcoin Price Prediction: BTC Climbs 2.5% As US Inflation Boosts Rate Cut Bets, And This New ICO Explodes On Launch\",\"datePublished\":\"2024-09-12T11:50:16+00:00\",\"dateModified\":\"2024-09-12T11:50:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981\"},\"wordCount\":636,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/575981\",\"name\":\"Bitcoin Price Prediction: BTC Climbs 2.5% As US Inflation Boosts Rate Cut Bets, And This New ICO Explodes On Launch - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2024-09-12T11:50:16+00:00\",\"dateModified\":\"2024-09-12T11:50:16+00:00\",\"description\":\"The Bitcoin price climbed 2.5% in the last 24 hours to trade at $57,964 as of 03:32 a.m. EST on trading volume that jumped 20% to $37 billion. 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