Analyst “Wolf” often post high-quality technical analysis on his X account where he has almost 110k followers.
One of his recent ones is the Bitcoin chart analysis. He predicts the BTC price might face a dip in the upcoming days. However, even if the dip happens, some new altcoins could put a smile on your face – Wall Street Pepe and Crypto All-Stars.
Bitcoin’s Technical Analysis: A Potential Correction Ahead
The current Bitcoin chart reveals an interesting technical setup. The Bitcoin price appears to be consolidating in a slightly rising wedge or flag-like structure, suggesting either a continuation of the uptrend or potential exhaustion before a pullback.
The recent price movement shows a significant rally preceded the current consolidation, marked by a near-vertical upward move. This move demonstrates strong momentum, supported by sustained higher lows and higher highs. The recent high of approximately $102,360 aligns with key resistance in the ascending pattern.
My analysis is flashing a warning, correction is still underway, and a dip could be coming. $BTC pic.twitter.com/Kj9ZAlHMMs
— Wolf (@IamCryptoWolf) December 12, 2024
Key resistance zones are identified around $102,000, where sellers recently entered the market, and potentially at $112,000 as an upper target. Support levels are crucial, with the $87,932 zone marked as a major support and a broader range between $72,991-$71,937 offering additional structural support.
“My analysis is flashing a warning, correction is still underway, and a dip could be coming. $BTC”, noted Wolf. The short message speaks volumes to his followers, suggesting that while Bitcoin’s recent bullish momentum remains intact, the path isn’t always a straight line up. By using phrases like “flashing a warning” and describing the correction as “still underway”, he’s hinting at potential short-term pullbacks without completely undermining the overall positive trend.
The analyst’s cautious, but direct tone suggests preparing for a short-term bearish move rather than an immediate continuation of the rally. Potential scenarios include a bullish continuation with a breakout potentially retesting $112,000, or a bearish pullback that could test lower support zones.
As Bitcoin Price Consolidates, Wall Street Pepe Smashes Presale Milestones
The WEPE token has become a sensation in the market this week, raising around $15 million in just a few days and totaling $19 million since last week. These numbers are unprecedented in early presale crypto project phases, drawing comparisons to successful launches like Pepe Unchained.
The project leverages the enduring popularity of Pepe the Frog, a cultural icon in internet lore, and combines it with the ethos of Wall Street and the spirit of the GameStop saga. Wall Street Pepe offers a unique VIP Club for token holders, providing access to premium trading signals, insider information, and expert-backed strategies that aim to level the playing field for everyday investors.
The 99bitcoins YouTube channel, with over 700,000 subscribers, posted a viral video speculating that WEPE could outperform PEPU, one of the most successful crypto presales in 2024 that reached over $400 million in market capitalization.
Visit $WEPE Today
Crypto All-Stars Raises Over $16 Million, Gears Up for Launch
Crypto All-Stars is shaking things up in the meme coin world with its cool new staking feature called MemeVault. Here’s the deal: you can stake popular meme coins like DOGE, SHIB, BRETT, and MILADY to earn $STARS tokens. It’s pretty unique because most projects only let you stake their own token.
This could bee a potential game-changer in how crypto investors can leverage their existing meme coin holdings.
Right now, $STARS is sitting at $0.0016782. Over $16 million is raised during the ICO phase. And here’s a heads up – there are only 6 days left in the presale. So if you want to grab tokens at a discount, now’s your chance.
Visit $STARS Today
Read also: Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
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