Bitcoin

Million

OG Pepe

PEPE

The Bitcoin price edged up by a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $63,448</a> as of 03:20 a.m. EST on trading volume that skyrocketed 94% to $29.75 billion.
This comes as macro economist Raoul Pal says that Bitcoin is preparing for a price explosion. In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive says BTC tends to move in sync with global liquidity cycles.
Pal shared a graph suggesting that global liquidity will increase in the next three months, and that BTC could soar beyond $200k.
<img decoding="async" class="alignnone size-full wp-image-579171" src="https://insidebitcoins.com/wp-content/uploads/2024/09/image-3.png" alt=" global liquidity " width="1194" height="580" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/image-3.png 1194w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-300x146.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-1024x497.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-768x373.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/09/image-3-83x40.png 83w" sizes="(max-width: 1194px) 100vw, 1194px">
“This is definitely a beautiful graph,” he said. “It contains both private and public sector liquidity from major global economies in the GMI (Global Macro Investor) global weekly liquidity index. I think it’s perfect. Bitcoin has been tracking this ten weeks in advance.”
<h2 id="bitcoin-price-could-continue-soaring">Bitcoin Price Could Continue Soaring</h2>
The Bitcoin price has been on a sustained bullish stance from September 6, trading within the rising channel pattern, from the $53,200 support zone, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The recent continued uptrend has driven the price of Bitcoin to trade above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally.
If the bulls sustain the current trend, the Bitcoin price may soar even further, as they currently target $72,000.
<figure id="attachment_579174" aria-describedby="caption-attachment-579174" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-579174" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-Arbitrum_GeckoTerminal.com_WBTC_2024-09-23_10-20-20.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal.com" width="1243" height="501" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-Arbitrum_GeckoTerminal.com_WBTC_2024-09-23_10-20-20.png 1243w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-Arbitrum_GeckoTerminal.com_WBTC_2024-09-23_10-20-20-300x121.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-Arbitrum_GeckoTerminal.com_WBTC_2024-09-23_10-20-20-1024x413.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Uniswap-V3-Arbitrum_GeckoTerminal.com_WBTC_2024-09-23_10-20-20-768x310.png 768w" sizes="(max-width: 1243px) 100vw, 1243px">
 <figcaption id="caption-attachment-579174" class="wp-caption-text">
 Bitcoin Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
However, the Relative Strength Index (RSI) seems to be dropping from the 70-overbought region, currently at 59, an indication that BTC is currently on the verge of experiencing some bearish sentiments.
If the bears take control of the price, the pressure may drive the price of Bitcoin below the lower boundary of the rising channel, with $61,294 and $59,440 (50-day and 200-day SMAs) acting as the immediate support levels.
Meanwhile, investors are rushing to buy a new Pepe alternative called <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which is soaring toward $15 million in funds raised, making it one of the most successful presales of the year.
According to 99Bitcoins, a prominent crypto analyst on YouTube with over 706K subscribers, $PEPU has the potential to soar 100X after launch.
<iframe title="This Crypto is the Next Pepe Coin?! (100X GEM?!) Pepe Unchained" width="640" height="360" src="https://www.youtube.com/embed/Eq-EtOLgzy8?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="pepe-unchained-presale-surges-past-14-7-million">Pepe Unchained Presale Surges Past $14.7 Million</h2>
Pepe’s latest and most badass version, complete with its own Layer 2 chain on Ethereum, has now amassed over $14.7 million in its presale.
Much of the recent influx of capital came after Pepe Unchained announced developer grants for builders looking to expand its L2 ecosystem.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
 Welcome to the future of meme coins. 🐸 <a href="https://t.co/iC9b6YSynT" rel="noopener noreferrer nofollow">pic.twitter.com/iC9b6YSynT</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1832055677566562727?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The OG Pepe token was built on the Ethereum blockchain and has long been confined by its Layer-1 technology, which is highly characterized by network delays and rising gas fees.
Pepe Unchained is a token that is based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained. With the new ICO, Pepe Unchained leverages Layer 2 blockchain technology to take the project into the future ”unchained.”
The project is thus set to tackle the scalability, speed, and efficiency issues that often plague meme coins built on Layer-1 blockchains like Ethereum.
Token holders can earn passively through <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">the platform’s staking system</a>, which offers 142% in annual rewards.
You can buy $PEPU tokens for $0.00983 each currently. With a price hike coming in less than 11 hours, buy soon for the best deal.
To join the presale, <a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">buy $PEPU from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/what-crypto-presale-quick-guide-getting-ground-floor-new-calsona-mwpve" rel="noopener noreferrer nofollow">🚀🤑 What is a crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye" rel="noopener noreferrer nofollow">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/cryptocurrency-price/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price &amp; Future Predictions</a></li>
</ul>

Bitcoin Price Prediction: As Former Goldman Sachs Exec Predicts Massive BTC Surge, This PEPE 2.0 ICO Rockets Towards $15 Million

목차

Inside Bitcoins

2024년 9월 23일에 게재된 다른 기사

Hashdex Welcomes Brian Brooks as Strategic Adviser

Solana Mobile’s Seeker Web3 Phone Set for 2025 Release, Offering Exclusive Crypto Rewards

LO:TECH Launches New MMaaS Platform for Token Liquidity with Unprecedented Transparency and Contr...

Crypto Market Expansion: $55M Injected In The Open Network and Drift Protocol

Bitcoin Whales Pocket $1.8B in Profits: Can the Bull Run Continue?

Solana Memecoin Rekt Bears (REKTBEAR) Will Skyrocket 16,000% Before Exchange Listing, As DOGE and...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!