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Will BITCOIN Ever Surpass Its Previous All-Time High?

September 20, 2023
in Bitcoin
Reading Time: 4 mins read
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HarryPotterObamaSonic10Inu (BITCOIN) is outperforming the broader crypto market as we speak with a 17% acquire in 24 hours.

BITCOIN’s buying and selling quantity of $1.54 million over the previous day, in response to DexTools.io, additionally factors to elevated curiosity from merchants.

BITCOIN’s uptrend comes amid a slight restoration throughout the broader cryptocurrency market. BTC’s rally to a month-to-month excessive previous $27K has seen most altcoins posting good points, and meme cash, together with BITCOIN, profit from the shifting investor sentiment.

BITCOIN’s double-digit good points have outperformed most meme cash within the crypto market. The latest rally will doubtless be sustained if merchants swoop in to leverage the present rally.

Will BITCOIN Rally to New ATH?

Within the final 24 hours, BITCOIN has traded between $0.0576 and $0.0676, indicating gentle volatility. Following the latest uptrend, the seven-day good points now stand at 26%.

BITCOIN final traded at an all-time excessive on August 20 after rallying to $0.196. It’s down by 65% from these document highs.

Bulls at present seem able to push the value previous $0.070. The coin is presently testing a resistance degree of $0.068.

BITCOIN tried to interrupt previous $0.070 on September 18 and made a false breakout earlier than retreating. If it makes such an uptrend once more, the value will attain $0.086.

A brand new ATH will likely be coming if a breakout previous $0.1 occurs. If the present market help holds and purchaser help continues to trickle in for BITCOIN, an uptrend previous $0.1 is probably going within the brief time period.

Patrons Accumulate BITCOIN

BITCOIN has a Relative Power Index of 68, pointing in the direction of growing shopping for help. Nevertheless, the RSI is but to succeed in the overbought ranges, giving the meme coin extra room for good points.

The RSI line has a pointy motion north, indicating an inflow of patrons to the market, additional proving the bullish thesis.

The Transferring Common Convergence Divergence (MACD) additionally factors in the direction of a bullish momentum, with its MACD histograms turning inexperienced.

With the symptoms turning inexperienced and pointing in the direction of a bullish momentum, merchants have to be prepared for one more value swing, with $0.070 being a essential short-term degree to be careful for.

Wall Road Memes Presale Ends in Six Days, Over $25M Raised

The Wall Road Memes presale now has simply six days left earlier than closing. Traders now have a restricted time to purchase WSM at solely $0.0337 earlier than the token explodes after itemizing on Tier-1 exchanges.

The Wall Road Memes presale began in the direction of the tip of Could and has now secured over 25 million.

Given the quantity raised in round 4 months, the presale simply ranks as one of many largest and best-performing presales this 12 months.

The Wall Road Memes undertaking has separated itself from most meme coin tasks because it was not created solely as a crypto undertaking. The undertaking was initially launched in 2019 from the well-known Wall Road Bets subreddit.

The group has since grown to a couple of million. Its huge social media presence offers it the potential for vital development sooner or later.

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Wall Street Memes

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