{"id":576999,"date":"2024-09-16T08:03:13","date_gmt":"2024-09-16T08:03:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=576999"},"modified":"2024-09-16T08:03:13","modified_gmt":"2024-09-16T08:03:13","slug":"bitcoin-price-prediction-top-analyst-sees-btc-surging-to-92k-after-3-month-rally-as-this-new-meme-coin-ico-raises-232k-in-a-week","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-top-analyst-sees-btc-surging-to-92k-after-3-month-rally-as-this-new-meme-coin-ico-raises-232k-in-a-week","title":{"rendered":"Bitcoin Price Prediction: Top Analyst Sees BTC Surging To $92K After 3-Month Rally As This New Meme Coin ICO Raises $232K In A Week"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price dropped 2% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $58,258<\/span><\/a><span style=\"font-weight: 400;\"> as of 00:41 a.m. EST, even as trading volume skyrocketed 55% to $23 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as analyst Titan of Crypto, with almost 92k followers on X, predicts that BTC could break above $92,000 after months of downward movement. Drawing from historical post-halving chart patterns, he suggests that BTC is now on the verge of a three-month rally.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Rally Imminent? &#128640;<\/p>\n<p>In previous cycles, when the price retested the 50-week simple moving average &#128308;, it bounced at least 40%.<\/p>\n<p>On average, the bounce was 71%. If <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> rallies 71% from here, it could reach $92,000. <a href=\"https:\/\/t.co\/e3ghGxn3NS\">pic.twitter.com\/e3ghGxn3NS<\/a><\/p>\n<p>&mdash; Titan of Crypto (@Washigorira) <a href=\"https:\/\/twitter.com\/Washigorira\/status\/1834535703318856172?ref_src=twsrc%5Etfw\">September 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Bitcoin Price Bearish, A Trend Reversal Looming?<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price has soared through a markup phase since Sept. 8, surging from $54,112 to $60,771 on September 14, 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;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin recovered above the $60,000 psychological mark on Sept. 14 for the first time since August 30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, after soaring to the $60,771 resistance, the price of Bitcoin then went through a correction to the current price, forming a rounding top pattern. The bears may capitalize on the rounding top to push the token lower to the $55,137 support zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though the Bitcoin price trades above the 50-day Simple Moving Average (SMA), the bulls struggle to keep the price above the 200-day SMA, which now acts as a formidable resistance around $58,968.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) also supports the downtrend narrative, as it dropped from the 70-overbought region to currently trade below the neutral zone at 43, which shows that BTC is currently under intense selling pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the bears continue exerting pressure on the asset, the price of Bitcoin may plunge back to the $55,137 support area.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with the RSI now on a downward trend, the bulls may capitalize on the asset being undervalued to buy more. <\/span><\/p>\n<figure id=\"attachment_577007\" aria-describedby=\"caption-attachment-577007\" style=\"width: 1255px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-577007\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-16_07-41-20.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal.com\" width=\"1255\" height=\"508\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-16_07-41-20.png 1255w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-16_07-41-20-300x121.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-16_07-41-20-1024x414.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/09\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-09-16_07-41-20-768x311.png 768w\" sizes=\"(max-width: 1255px) 100vw, 1255px\"><figcaption id=\"caption-attachment-577007\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">If the bulls prompt a buying spree at this level, BTC could go through a bullish trend reversal, pushing BTC to the $64,000 monthly high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Bitcoin tumbles, investors are sending cash to the new meme coin casino project <\/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 popular YouTube channel Cryptonews, with over 10k subscribers, says could see a 100x explosion after launch.<\/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 232K In Less Than A Week<\/h2>\n<p><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;\"> is set to become the first online crypto casino that enables investors to bet using meme coins.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not the casino we deserve but the casino we need &#127920; <a href=\"https:\/\/twitter.com\/hashtag\/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeBet<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw\">#Airdrop<\/a> coming soon! &#128640; <a href=\"https:\/\/twitter.com\/hashtag\/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw\">#Memecoins<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> gaming and more! &#127918;&#127942; <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOG<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/RNDR?src=hash&amp;ref_src=twsrc%5Etfw\">#RNDR<\/a> <a href=\"https:\/\/t.co\/oR2xja6JFK\">pic.twitter.com\/oR2xja6JFK<\/a><\/p>\n<p>&mdash; MemeBet (@Memebetcasino) <a href=\"https:\/\/twitter.com\/Memebetcasino\/status\/1793673524747309446?ref_src=twsrc%5Etfw\">May 23, 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;\">This pioneering project, which has raised over $232K through its presale in less than a week, could finally bring the long-term utility that the meme coin space needs to be sustainable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project caters to the &ldquo;degen&rdquo; community, offering high-stakes gameplay, a global sportsbook that covers major leagues like the EPL and NBA, and a diverse selection of crypto-native games.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big-name meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and many more can all be wagered on the decentralized platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By acquiring $MEMEBET Token, you can also unlock a range of benefits, which include a substantial play-to-earn airdrop, exclusive degen rewards, and VIP perks.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bro's asking the right questions &#129488;<a href=\"https:\/\/twitter.com\/hashtag\/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeBet<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw\">#Airdrop<\/a> soon &#9200; <\/p>\n<p>The number one place for <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> gaming and more! &#128165; &#127920;<a href=\"https:\/\/twitter.com\/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FTM<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bonk?src=hash&amp;ref_src=twsrc%5Etfw\">#Bonk<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/WIF?src=hash&amp;ref_src=twsrc%5Etfw\">#WIF<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Doge?src=hash&amp;ref_src=twsrc%5Etfw\">#Doge<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BOME?src=hash&amp;ref_src=twsrc%5Etfw\">#BOME<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altseason?src=hash&amp;ref_src=twsrc%5Etfw\">#Altseason<\/a> <a href=\"https:\/\/t.co\/NLds73vdTX\">pic.twitter.com\/NLds73vdTX<\/a><\/p>\n<p>&mdash; MemeBet (@Memebetcasino) <a href=\"https:\/\/twitter.com\/Memebetcasino\/status\/1792226734265266188?ref_src=twsrc%5Etfw\">May 19, 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;\">If you bet using $MEMEBET Token, you can also increase your rewards through the platform&rsquo;s play-to-earn system. Wager more and get even bigger returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a price increase scheduled in slightly more than a day, act fast to secure the best deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/memebet\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $MEMEBET Token on the official website here<\/span><\/a><span style=\"font-weight: 400;\"> for $$0.0251 using USDT, ETH, or a bank card.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/shiba-inu-price-prediction-2024-moon-crash-landing-calsona-caibe\/\"><span style=\"font-weight: 400;\">&#128021;&#128200; Shiba Inu Price Prediction 2024: &#128640; To The Moon Or &#128201; Crash Landing?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe\/\"><span style=\"font-weight: 400;\">&#128640;&#129297;&#128176; Best Crypto ICOs of 2024: Top Picks for Big Returns &#128176;&#129297;&#128640;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/\"><span style=\"font-weight: 400;\">A How-To Guide on Buying Cryptocurrency Safely in 2024<\/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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