The latest Federal rate decision pushed Bitcoin towards $86K, opening the path to the key resistance at $90K.
Bitcoin exchange-traded funds recorded inflows of $512 million in the three days leading up to the Fed’s decision.
Such trends signal massive institutional demand fueling Bitcoin’s prevailing bullish momentum.
This recovery bodes well for exciting projects like Bitcoin Pepe.
The initial presale success of Bitcoin Pepe (BPEP) highlights the enthusiasm among investors.
At stage 7 of 30, BPEP is drawing strong interest from crypto investors, driven by its association with the largest cryptocurrency by market capitalization.
Bitcoin Pepe introduced the world’s first meme ICO on Bitcoin.
Underlying demand drive Bitcoin recovery
Bitcoin hit $85.91K as the Federal Reserve maintained the interest rates steady, boosting the appetite for risk assets.
Meanwhile, the upside trend emerged after Bitcoin ETFs saw inflows for three days.
SoSoValue data shows BTC ETFs saw positive inflows for three trading days after an extended selling spree.
Bitcoin inflows gained $512 million ahead of the Federal rate decision.
These developments indicate immense demand from institutional players amid shifting macroeconomic conditions.
Can the optimism propel BTC to the crucial resistance at $90K?
Bitcoin exhibits robust upward momentum. Coinglass data shows short BTC positions worth over $290 million closed at around $85K.
Moreover, liquidation heatmaps confirm that short BTC liquidations at $85K could have weakened nearest resistance levels.
The prevailing momentum might see the asset flirting with the key obstacle at $90K.
Bitcoin trades at 85,698 following an over 3.50% gain in the past day.
Analyst Michael van de Poppe expects gradual recoveries to $90K in the coming two weeks, provided Bitcoin keeps the $81.5K support.
Still no breakout, but the build-up is good for that actual breakout upwards.
As long as it stays above $81.5K, I think we’ll continue to rally to $90K in the next 1-2 weeks for #Bitcoin.
Bitcoin Pepe leverages BTC’s strength
The viral Bitcoin Pepe remains unique as it introduced the first-of-a-kind meme ICO on the Bitcoin ecosystem.
The new project capitalizes on Bitcoin’s security and status as the dominant crypto asset by value.
Bitcoin Pepe brings PEP-20 token standards, enabling individuals to create and trade themed tokens on Bitcoin.
Besides meme cryptocurrencies, Bitcoin Pepe opens the path for NFT and DeFi on Bitcoin.
Should you invest in BPEP?
Bitcoin Pepe could be a profitable opportunity for individuals looking for utility meme tokens.
The community might have learned enough about interacting with assets that rely solely on hype.
That might explain BPEP’s flourishing presale despite market uncertainty, distributing more than 195 million coins.
It has raised over $5 million, with the first six presale stages sold out.
BPEP trades at $0.0281 per token, and the prices will soar to $0.0864 at stage 30, earning early adopters over 300% returns.
Further, the successful ICO signals confidence about Bitcoin Pepe’s future.
With its unique utility and connection to Bitcoin, BPEP seems ready to dominate meme trends in the upcoming months.
You can check more details about Bitcoin Pepe on their website.
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