Bitcoin

Pepe

PEPE

The Bitcoin price surged 2% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $72,146</a> as of 04:24 a.m. EST on trading volume that surged 10% to $52.16 billion.
This comes as the BTC price hit a high of $73,577 on Oct. 29, just shy of the all-time high price of $73,750 recorded in March this year.
Bitcoin is up 111.8% in the past year, after starting 2024 in the $42K range, according to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">CoinGecko</a>.
This comes as US spot BTC ETFs (exchange-traded funds) saw over $870 million in net inflows on Tuesday, the third highest since launch, with BlackRock’s IBIT leading the way with a $629 million influx.
<img decoding="async" class="alignnone size-full wp-image-593023" src="https://insidebitcoins.com/wp-content/uploads/2024/10/GbHJjSnbQAAwyDl.jpg" alt="BTC ETF Inflows" width="908" height="1036" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/GbHJjSnbQAAwyDl.jpg 908w, https://insidebitcoins.com/wp-content/uploads/2024/10/GbHJjSnbQAAwyDl-263x300.jpg 263w, https://insidebitcoins.com/wp-content/uploads/2024/10/GbHJjSnbQAAwyDl-897x1024.jpg 897w, https://insidebitcoins.com/wp-content/uploads/2024/10/GbHJjSnbQAAwyDl-768x876.jpg 768w" sizes="(max-width: 908px) 100vw, 908px">
<h2 id="bitcoin-price-bulls-aim-to-sustain-the-bullish-stance">Bitcoin Price Bulls Aim To Sustain The Bullish Stance</h2>
The Bitcoin price is trending within an upward channel marked by two orange lines. This channel, starting around August, represents a bullish trend with higher highs and higher lows, indicating growing buying pressure.
BTC/USD analysis on the 1-day chart is trading near the top of this channel at around $71,000, which is a resistance level. According to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>, if it breaks above this, we could see further upside momentum.
The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the current bullish stance.
The Relative Strength Index (RSI) is at 69.33, close to the overbought level of 70. This suggests that BTC is nearing an overbought condition, which might lead to a short-term pullback or consolidation. However, if it crosses above 70, it could indicate strong bullish momentum but with a risk of eventual correction.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), and both lines are above the zero line, reinforcing a bullish signal.
<figure id="attachment_593020" aria-describedby="caption-attachment-593020" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-593020" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28.png" alt="Bitcoin Price Analysis Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-10-30_11-24-28-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px">
 <figcaption id="caption-attachment-593020" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
<h2 id="bitcoin-price-analysis">Bitcoin Price Analysis</h2>
According to the Bitcoin price analysis, BTC is currently in a bullish trend. The bulls aim to capitalize on the SMAs and the main indicators, including the RSI and MACD. If the price can break above the $73,000 resistance level with strong volume, it could signal a continuation of the uptrend. Targets in such a breakout could potentially be near $80,000 or higher.
Conversely, the dotted lines around $61,359 and near $56,405 mark significant support zones. These are levels where the price previously consolidated, making them potential pullback areas if the price corrects from current levels.
Meanwhile, investors are rushing to buy the new meme coin&nbsp;<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a>, which YouTube channel 99Bitcoins, with over 706K subscribers, says has the potential to soar 10X after launch.
<iframe title="Is PEPE UNCHAINED The Next 10X Meme Coin? $PEPU Raises $4,000,000" width="640" height="360" src="https://www.youtube.com/embed/vJZL1ohymeU?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-races-toward-24-million-best-crypto-to-buy-now">Pepe Unchained Races Toward $24 Million – Best Crypto To Buy Now?</h2>
The&nbsp;<a href="https://insidebitcoins.com/visit/pepeunchained" rel="noopener noreferrer nofollow">Pepe Unchained</a> presale is one of the most successful of the year with funds raised now reaching $23.4 million.
True to its name, Pepe Unchained seeks to liberate the OG PEPE from the constraints of its outdated Layer 1 infrastructure on Ethereum. 
That’s why the project will operate on its own Layer 2 blockchain, tackling scalability, speed, and efficiency issues.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Who needs some Brain Powder?
 Pepe is gearing up for the official launch of his very own blockchain! 🚀 <a href="https://t.co/kZC72UmxFy" rel="noopener noreferrer nofollow">pic.twitter.com/kZC72UmxFy</a>
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1803856656704618843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Token holders can earn passively through the platform’s staking system, which offers a huge annual percentage yield (APY) of 99%.
You can buy $PEPU tokens for $0.01189 each right now. With a price hike coming in less than 19 hours, buy soon to lock in 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>
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Bitcoin Price Analysis: BTC Nears All-Time High As BTC ETF Inflows Soar And This PEPE 2.0 ICO Barrels Toward $24M

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