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- Bitcoin has rebounded strongly from its $100,000 support zone, holding steady above its 50-day moving average. Analysts believe Bitcoin could surge past $115,000 in June.
- The latest U.S. jobs data is expected to weaken, raising the odds of a Federal Reserve interest rate cut in the coming months.
- Early investors are shifting focus to Bitcoin Pepe (BPEP), a rising star in the meme coin space. BPEP is pioneering the PEP-20 token standard, which will enable native asset minting on Bitcoin with the ease and efficiency of Solana’s architecture.
Bitcoin is gearing up for another big breakout! After dipping to $74,420 in April, it bounced back strong, shooting up over 50% to hit a fresh all-time high of $112,000. Over the past two weeks, though, it’s taken a 10% dip. But hey, most analysts think it’s just a healthy cooldown after that wild rally.
Source: TradingView
Bitcoin’s price has reached crucial support of $100,000, coinciding with a strong technical indicator: the 50-day moving average. A strong bounce from this support could propel the asset to a new high of $115k in the coming weeks.
US employment data is an important indicator for financial markets that could impact Bitcoin’s price action. The data impacts the Fed’s interest rate decision, influencing sentiment toward Bitcoin and financial assets.
While Bitcoin is aiming for a strong rebound, investors are scanning for the best crypto to buy now. If you’re seeking a project with strong fundamentals and explosive growth potential, here are the top picks:
Bitcoin bounces off the strong support: Is a new ATH coming?
On Friday, Bitcoin strongly rebounded from the $100k support level, due to growing optimism for a new all-time high for the asset. The rally could be fueled by continuous institutional buying, and US job data is “weaker-than-expected.”
Bitfinex analysts recently commented on the report, “In a bullish scenario, driven by strong institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher by early July.”
Further adding, “A stronger-than-expected report might delay rate cuts, strengthening the dollar and possibly exerting downward pressure on Bitcoin,” Bitfinex analysts said.
While short-term volatility may persist, investor confidence for long-term growth is strong. Savvy investors believe this is the right time to find potential opportunities before Bitcoin hits the $115k target.
Bitcoin Pepe New Meme Coin Crypto Presale !!!
Bitcoin Pepe (BPEP)
As Bitcoin retests a crucial support level, investors are rushing to Bitcoin Pepe (BPEP) to get a running start with the continuation of the bull leg.
It is the first meme-focused ICO on BTC, aiming to create a state-of-the-art meme trading platform that combines Solana’s speed and low gas fees with Bitcoin’s security and trust.
Bitcoin is bringing “Solana on Bitcoin” with its revolutionary PEP-20 standard that will mimic the growth ERC-20 brought to the Ethereum blockchain. PEP-20 will enable everyone to mint assets natively on Bitcoin instantly without needing permission.
This will bring all meme coins to Bitcoin and unlock the network’s $2 trillion dormant capital for unmatched liquidity.
The team just released some leaked UI images, giving us a sneak peek at what they’ve been building—the BTC bridge, the Bitcoin Pepe DEX, and their slick new Layer 2 block explorer. It looks like things are really heating up behind the scenes!
In its ongoing presale, BPEP has shattered records by raising over $13.9m. Currently, the BPEP token is available at $0.0396. The presale window is narrowing, and investors have a limited time to scoop up BPEP at this price until the next listing update on June 17.
BPEP will list on major tier-1 CEXs after the presale, which is expected to provide a boost and take it to the moon in the 2025 bull run.
Cardano (ADA)
Cardano’s price delivered some highly welcome gains to its investors as the ADA rose over 40% YTD. The rise in Cardano’s price started with the announcement of the Strategic Crypto Fund and was supported by technical improvements being carried out in the ADA network.
As one of the top crypto platforms, ADA is well known for its green policies and strong PoS protocols. Despite being known for scalability and eco-friendliness, ADA has been under pressure due to emerging technical challenges with higher network usage.
These problems have impacted Cardano’s price performance, which has remained under pressure over the last few weeks. The future growth of Cardano’s price will depend on how well the ADA community receives its ongoing technical improvements.
Currently, ADA is trading at $0.64, with a market value of $22.65 billion. The trading volume has increased by 74% in the last 24 hours, showing growing trading activity in ADA and a probable chance of a reversal.
Sui Blockchain (SUI)
SUI is a Layer-1 blockchain that focuses on the gaming community and offers its strong object-oriented design capabilities to ensure developers can build high-performance dApps.
SUI coin plays a big role in the world of the Sui blockchain. People mostly use it to pay transaction fees, stake their tokens, and have a say in how the network runs. But that’s not all — SUI also powers DeFi apps, games, and NFT projects. Thanks to its speed and scalability, it’s got the muscle to handle a lot without slowing down. Pretty handy, right?
As the trend moves towards utility-rich projects with real-world usage, names like SUI could grow continuously. SUI has faced a decline of over 30% in the market correction, which could take time to recover. The current SUI price is $3.02, which is down by 12% over the weekly charts.
Best cryptocurrencies to watch before next BTC rally
With big money pouring into Bitcoin ETFs and weak economic data likely on the way, Bitcoin is set to hit $115K soon. If that happens, we might be looking at the start of a full-blown altcoin season, just around the corner.
As the crypto market prepares for a fresh bull run, the highest gain potential remains with the low-priced Bitcoin Pepe (BPEP), with its low entry point of $0.0396. If you’re looking to position ahead of the next rally, this may be the best crypto to buy right now, followed by ADA and SUI.
