{"id":610497,"date":"2024-12-16T08:31:56","date_gmt":"2024-12-16T08:31:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=610497"},"modified":"2024-12-16T08:31:56","modified_gmt":"2024-12-16T08:31:56","slug":"bitcoin-price-prediction-btc-sets-a-new-ath-above-106k-as-this-pepe-derivative-ico-heads-for-25-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-sets-a-new-ath-above-106k-as-this-pepe-derivative-ico-heads-for-25-million","title":{"rendered":"Bitcoin Price Prediction: BTC Sets A New ATH Above $106K As This PEPE Derivative ICO Heads For $25 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price surged 3% in the last 24 hours to trade at $103,676 as of 11:19 p.m. EST on trading volume that soared 56% to $85.8 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The BTC price pump took the king of cryptos to a new all-time high (ATH) of $106,352 before it pared gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to PlanB, the creator of the stock-to-flow model, <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\"><span style=\"font-weight: 400;\">the BTC price<\/span><\/a>&nbsp;<span style=\"font-weight: 400;\">could average around the $500,000 valuation across 2025, perhaps even surging to as high as $1 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">His model hinges on the assumption that demand for BTC will continue to grow.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My forward guidance for 2024 has not changed since Oct 6, 2022 when bitcoin was 20k (see below):<br>&#9989;&#65039;rise into April 2024 halving<br>&#9989;&#65039;halving around 55k<br>&#9989;&#65039;pump after halving<br>&#9989;&#65039;hit 100k in 2024<br>&ndash; hit S2F target ~500k average (range 250k-1m) in 2025 <a href=\"https:\/\/t.co\/BlUlk1XuLj\">https:\/\/t.co\/BlUlk1XuLj<\/a><\/p>\n<p>&mdash; PlanB (@100trillionUSD) <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1865132344065114177?ref_src=twsrc%5Etfw\">December 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Bitcoin Price Indicators Show A Continued Uptrend<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The BTC\/USD chart on the 1-day timeframe reflects a strong bullish trend that began after the consolidation phase in the purple box (October&ndash;November 2024). This area represents a prolonged accumulation zone, which eventually led to a parabolic breakout from the $60,500 support, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x9db9e0e53058c89e5b94e29621a205198648425b\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the Bitcoin price is trading within a rising channel pattern (highlighted in yellow), suggesting a consistent upward trajectory. Both the support and resistance lines of this channel are rising, showing steady demand at higher price levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the price of Bitcoin still sits above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the upward trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) currently sits at 65.16, reflecting bullish momentum but not yet overbought (70+). This suggests there is still room for price appreciation without a major correction.<\/span><\/p>\n<figure id=\"attachment_610498\" aria-describedby=\"caption-attachment-610498\" style=\"width: 2051px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-610498\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal\" width=\"2051\" height=\"875\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30.png 2051w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30-1024x437.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30-768x328.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30-1536x655.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-12-16_07-19-30-2048x874.png 2048w\" sizes=\"(max-width: 2051px) 100vw, 2051px\"><figcaption id=\"caption-attachment-610498\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>BTC Price Prediction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The current BTC\/USD structure shows strong bullish momentum within the rising channel, and the technical indicators support this outlook. If the price breaks above the $105,000&ndash;$106,000 resistance zone, we could see a rally toward $110,000 and beyond. This scenario would require strong volume and sustained buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the price falls below the channel support ($98,000) and the 50-day SMA ($89,297), it could trigger a deeper correction toward the $85,000&ndash;$89,000 range.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Bitcoin price surges, investors are also buying up a new Pepe alternative called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Wall Street Pepe (WEPE)<\/span><\/a><span style=\"font-weight: 400;\">, which Cryptonews, a popular crypto channel with over 13k subscribers, says could be the next massive degen play.<\/span><\/p>\n<p><iframe title=\"WALL STREET PEPE IS THE NEXT DEGEN PLAY!! $WEPE PRICE PREDICTION!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/qK11CzM-l64?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><b>Wall Street Pepe Raises Over $24.8 Million In Less Than 12 Days<\/b><\/h2>\n<p>Wall Street Pepe is adding an average of more than $2 million every day as its presale closes on $25 million in funds raised.<\/p>\n<p>WEPE aims to level the investment playing field for little investors because he&rsquo;s always hated the whales who dominate the market in their small, secretive, insider groups.<\/p>\n<p>The solution? WEPE created his own WEPE Token Army so that small investors are stronger together. The project will offer small traders trading strategies and insider tips to buy the best cryptos available.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Flying 1st class on the WEPE express. Up only. &#128056;&#9876;&#65039; <a href=\"https:\/\/t.co\/4rJ9k8mvyN\">pic.twitter.com\/4rJ9k8mvyN<\/a><\/p>\n<p>&mdash; Wall Street Pepe (@WEPEToken) <a href=\"https:\/\/twitter.com\/WEPEToken\/status\/1865428098960826695?ref_src=twsrc%5Etfw\">December 7, 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;\">Each $WEPE holder becomes part of this growing army, gaining exclusive access to a private insider group where they can tap into trading insights and alpha calls to stay ahead of the curve.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The $WEPE Token also offers a passive income opportunity through its staking feature, which delivers a huge 49% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $WEPE Token from the official website here<\/span><\/a><span style=\"font-weight: 400;\"> for $0.0003644 using ETH, USDT, or a bank card.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy before a price hike in about 18 hours to lock in the best deal.<\/span><\/p>\n<h3><strong>Related News<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-sets-new-ico-record-with-14-2m-raised-in-just-9-days-becomes-the-top-presale-of-2024\"><span style=\"font-weight: 400;\">Wall Street Pepe Sets New ICO Record With $14.2M Raised In 9 Days<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-15-december-hyperliquid-xmoney-theta-fuel-ethena\"><span style=\"font-weight: 400;\">Next Cryptocurrency to Explode, 15 December&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/ethena-price-prediction-ena-soars-16-as-this-17-4-million-presale-enters-final-5-days\"><span style=\"font-weight: 400;\">Ethena Price Soars 16% As This $17.4M Presale Enters Final 5 Days<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">                                        <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\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div 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p.m. EST on trading volume that soared 56% <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/wall-street-pepe\" title=\"Wall Street Pepe\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":610502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-610497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Sets New ATH As This PEPE ICO Closes On $25M<\/title>\n<meta name=\"description\" content=\"The Bitcoin price rose 3% to set a new all-time high as this Pepe derivative ICO closes on $25 million in funds raised.\" 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