{"id":626291,"date":"2025-02-13T12:18:19","date_gmt":"2025-02-13T12:18:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626291"},"modified":"2025-02-13T12:18:19","modified_gmt":"2025-02-13T12:18:19","slug":"bitcoin-price-prediction-as-us-cpi-inflation-data-overshoots-this-btc-meme-coin-ico-offering-free-bitcoin-rockets-past-1m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-us-cpi-inflation-data-overshoots-this-btc-meme-coin-ico-offering-free-bitcoin-rockets-past-1m","title":{"rendered":"Bitcoin Price Prediction: As US CPI Inflation Data Overshoots, This BTC Meme Coin ICO Offering Free Bitcoin Rockets Past $1M"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $95,937 as of 02:47 a.m. EST on trading volume that surged 30% to $47 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as the US CPI inflation rate accelerated in January, rising 3% on an annual basis, suggesting interest rates are likely to stay higher for longer. Inflation&nbsp;rose 0.5% on a monthly basis, against economists&rsquo; forecast for a 0.3% increase.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;CPI Inflation comes at 3%, higher than expected. FACT: Fed won't ease unless he sees a 2 in the number.<\/p>\n<p>&mdash; SWJ&#10084;&#65039; (@SWJGOAT) <a href=\"https:\/\/twitter.com\/SWJGOAT\/status\/1889674824491893088?ref_src=twsrc%5Etfw\">February 12, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Bitcoin Price Currently Testing Support<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\"><span style=\"font-weight: 400;\">BTC price<\/span><\/a><span style=\"font-weight: 400;\"> has shown a strong bullish run from October to early December, breaking above the 50-day and 200-day Simple Moving Averages (SMAs). This uptrend, marked by the sharp green arrow on the chart, saw price action push into a consolidation zone (highlighted in purple) between approximately $92,000 and $105,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, after reaching a peak near $110,000 (orange resistance line), the Bitcoin price has faced consistent selling pressure. The price of BTC is currently testing the lower boundary of the consolidation range around $91,540 to $94,000, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x4585fe77225b41b697c938b018e2ac67ac5a20c0\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This prolonged sideways movement, forming a rectangular pattern, suggests market indecision, with buyers defending support and sellers rejecting higher levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price of Bitcoin is currently trading below the 50-day Simple Moving Average (SMA), indicating short-term bearish sentiment. The 200-day SMA remains far below the current price, maintaining a long-term bullish outlook despite recent weakness. The 50-day SMA is still above the 200-day SMA (a &ldquo;golden cross&rdquo;), which is generally a positive long-term signal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is below the neutral 50 level, currently at 43, indicating mild bearish momentum. However, it is not in the oversold zone (&lt;30), meaning there could still be room for further downside before a potential reversal.<\/span><\/p>\n<figure id=\"attachment_626292\" aria-describedby=\"caption-attachment-626292\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-626292\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/WBTC_2025-02-13_10-47-53-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-626292\" class=\"wp-caption-text\">BTC\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>BTC Price Prediction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price is currently in a consolidation phase after a strong uptrend. A daily close below the $92,000 support could open the door for a retracement towards $85,000 or even the 200-day SMA at $79,441.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the price of BTC can reclaim the 50-day MA ($98,537) and break out above the $105,000 resistance, we may see a retest of the previous high near $110,000 and potentially push higher to $115,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors are piling into a new Bitcoin meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">BTC Bull (BTCBULL)<\/span><\/a><span style=\"font-weight: 400;\"> that will give free Bitcoin to token holders. 99Bitcoins, a prominent YouTube channel with over 724k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n<p><iframe title=\"This Brand New Meme Coin Could Make Us Rich As Bitcoin Rises! Huge 10x Potential?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/J89DrxgxC2U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><strong>A Promising Alternative<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Investors are pouring into the BTC Bull Token ($BTCBULL) presale at a record rate, with over $1.1 million raised in less than 3 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC Bull Token vows to help fire the Bitcoin price to beyond $1 million, while paying $BTC rewards to investors at every key milestone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you hold $BTCBULL tokens in Best Wallet, you&rsquo;ll earn BTC airdrops when Bitcoin&rsquo;s price reaches $150,000 and $200,000.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The revolution is rising! &#128002;&#9889;<\/p>\n<p>Hold $BTCBULL to recieve BTC airdrops as the price climbs. The stronger the bull run, the bigger the rewards!<\/p>\n<p>Load up or miss out. &#128165; <a href=\"https:\/\/t.co\/fBqZpddxqJ\">pic.twitter.com\/fBqZpddxqJ<\/a><\/p>\n<p>&mdash; BTCBULL_TOKEN (@BTCBULL_TOKEN) <a href=\"https:\/\/twitter.com\/BTCBULL_TOKEN\/status\/1889656398977368403?ref_src=twsrc%5Etfw\">February 12, 2025<\/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;\">Furthermore, a huge $BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant&rsquo;s Community Sale purchase amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Between each significant Bitcoin price milestone and subsequent BTC airdrops, there are also Bitcoin Bull token burns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">$BTCBULL token holders also have an opportunity to earn passively through the project&rsquo;s staking platform, which offers a massive 363% annual percentage yield (APY).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00236 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p>Buy before a price hike in less than 3 days to secure the best deal.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Check out BTC BULL Token here.<\/span><\/a><\/p>\n<h2><strong>Related News<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-price-prediction-wepe-claim-and-uniswap-debut-set-for-monday\"><span style=\"font-weight: 400;\">$WEPE Claim And Uniswap Debut Set For Monday<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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<\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $95,937 as of 02:47 a.m. EST on <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":626297,"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-626291","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 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