Pepe

Million

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.
The BTC price pump took the king of cryptos to a new all-time high (ATH) of $106,352 before it pared gains.
According to PlanB, the creator of the stock-to-flow model, <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">the BTC price</a>&nbsp;could average around the $500,000 valuation across 2025, perhaps even surging to as high as $1 million. 
His model hinges on the assumption that demand for BTC will continue to grow.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 My forward guidance for 2024 has not changed since Oct 6, 2022 when bitcoin was 20k (see below): ✅️rise into April 2024 halving ✅️halving around 55k ✅️pump after halving ✅️hit 100k in 2024 – hit S2F target ~500k average (range 250k-1m) in 2025 <a href="https://t.co/BlUlk1XuLj" rel="noopener noreferrer nofollow">https://t.co/BlUlk1XuLj</a>
 — PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1865132344065114177?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="b-bitcoin-price-indicators-show-a-continued-uptrend-b">Bitcoin Price Indicators Show A Continued Uptrend</h2>
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–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 <a href="https://www.geckoterminal.com/eth/pools/0x9db9e0e53058c89e5b94e29621a205198648425b" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
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.
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.
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.
<figure id="attachment_610498" aria-describedby="caption-attachment-610498" style="width: 100%" 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>
<h2 id="b-btc-price-prediction-b">BTC Price Prediction</h2>
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–$106,000 resistance zone, we could see a rally toward $110,000 and beyond. This scenario would require strong volume and sustained buying pressure.
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–$89,000 range.
As the Bitcoin price surges, investors are also buying up a new Pepe alternative called <a href="https://insidebitcoins.com/visit/wallstreetpepe" rel="noopener noreferrer nofollow">Wall Street Pepe (WEPE)</a>, which Cryptonews, a popular crypto channel with over 13k subscribers, says could be the next massive degen play.
<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>
<h2 id="b-wall-street-pepe-raises-over-24-8-million-in-less-than-12-days-b">Wall Street Pepe Raises Over $24.8 Million In Less Than 12 Days</h2>
Wall Street Pepe is adding an average of more than $2 million every day as its presale closes on $25 million in funds raised.
WEPE aims to level the investment playing field for little investors because he’s always hated the whales who dominate the market in their small, secretive, insider groups.
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.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Flying 1st class on the WEPE express. Up only. 🐸⚔️ <a href="https://t.co/4rJ9k8mvyN" rel="noopener noreferrer nofollow">pic.twitter.com/4rJ9k8mvyN</a>
 — Wall Street Pepe (@WEPEToken) <a href="https://twitter.com/WEPEToken/status/1865428098960826695?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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.
The $WEPE Token also offers a passive income opportunity through its staking feature, which delivers a huge 49% annual percentage yield (APY).
You can <a href="https://insidebitcoins.com/visit/wallstreetpepe" rel="noopener noreferrer nofollow">buy $WEPE Token from the official website here</a> for $0.0003644 using ETH, USDT, or a bank card.&nbsp;
Buy before a price hike in about 18 hours to lock in the best deal.
<h3 id="strong-related-news-strong">Related News</h3>
<ul>
 <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" rel="noopener noreferrer nofollow">Wall Street Pepe Sets New ICO Record With $14.2M Raised In 9 Days</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/next-cryptocurrency-to-explode-15-december-hyperliquid-xmoney-theta-fuel-ethena" rel="noopener noreferrer nofollow">Next Cryptocurrency to Explode, 15 December&nbsp;</a></li>
 <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" rel="noopener noreferrer nofollow">Ethena Price Soars 16% As This $17.4M Presale Enters Final 5 Days</a></li>
</ul>

Bitcoin Price Prediction: BTC Sets A New ATH Above $106K As This PEPE Derivative ICO Heads For $25 Million

Table of Contents

Inside Bitcoins

Other articles published on Dec 16, 2024

Drake’s X Account Hacked to Promote Scam Meme Token: $4.9M Vanishes in Hype Storm

Fastest-Growing Crypto ICO Raises Over $25M – Could Wall Street Pepe Be the Next Big Frog Token?

Bitcoin Continues to Break Records, New ATH Arrives! Here Are the Factors That Triggered the Rise

5 Small-Cap Tokens Set to Turn $300 Into $30,000 in Just a Few Years

US lawmakers to make a last-ditch effort to confirm SEC commissioner

Top Meme Coins to Watch Today, December 16 — SPX6900, Book of Meme, Neiro

Join our free newsletter for daily crypto updates!