Bitcoin Price Prediction: As Former Goldman Sachs Exec Predicts Massive BTC Surge, This PEPE 2.0 ICO Rockets Towards $15 Million
Release: 2024/09/23 18:44 Reading: 236
Bitcoin Price Rises, Preparing for Surge
In the past 24 hours, the price of Bitcoin (BTC) has increased slightly to $63,448 at 03:20 AM EST, accompanied by a surge in trading volume of 94% to $29.75 billion.
Macro Economist Bullish on Bitcoin
Raoul Pal, a macro economist and former Goldman Sachs executive, predicts a significant increase in Bitcoin's price. In a video on Real Vision's YouTube channel, he highlighted the correlation between Bitcoin's movements and global liquidity cycles.
Pal presented a graph suggesting that global liquidity will rise in the coming months, leading BTC's price to potentially exceed $200k.
Bitcoin's Bullish Trend Continues
Since September 6, Bitcoin has maintained a bullish stance, trading within a rising channel pattern from the $53,200 support level. The recent uptrend has pushed the price above its 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish rally.
If the positive momentum continues, Bitcoin could surge further, targeting $72,000.
Technical Indicators Suggest Caution
However, the Relative Strength Index (RSI) is declining from the overbought region of 70 to 59, indicating potential bearish sentiments. If the bears take control, Bitcoin's price could dip below the rising channel, with support levels at $61,294 and $59,440.
Investors Embrace Pepe Unchained
Investors are flocking to Pepe Unchained (PEPU), an alternative to Pepe the Frog memes. The presale for PEPU has raised over $14.7 million, making it one of the most successful of the year.
According to 99Bitcoins, a popular crypto analyst with over 706K YouTube subscribers, PEPU has the potential for exponential growth after launch.
Pepe Unchained: Layer 2 Solution
The OG Pepe token was limited by the Ethereum blockchain's Layer-1 technology, which faced network delays and high gas fees. Pepe Unchained utilizes Layer-2 blockchain technology to overcome these issues.
Token holders can earn passively through staking, receiving 142% in annual rewards.
You can currently purchase PEPU tokens for $0.00983 each. A price increase is expected in less than 11 hours.
To join the presale, visit the official website and use ETH, USDT, or a bank card to purchase PEPU.
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