Bitcoin continues its bullish sideways movement.
Altcoins show resilience and hint at greater gains ahead.
Analyst believes PEPE is preparing for another 75% pump.
The pioneer crypto asset, Bitcoin (BTC), continues to trade confidently between $95,000 and $97,000, maintaining a strong bullish trend. Mid this correction time, seasoned crypto analysts remain optimistic about the long-awaited and highly anticipated six-figure milestone of $100,000—a historic first for the crypto market.
Bitcoin Recovery Drives Market Optimism
With expectations mounting, analysts predict Bitcoin will break the $100,000 barrier and surge to $106,000 or higher in the days ahead. Following this bullish expectation, altcoins have already started to capitalize on Bitcoin’s rally, with assets like VET, VTHO, XRP, and ADA experiencing significant gains.
While many potential altcoins have already pumped a significant amount of around 200% in the past 30 days, many analysts notice highly bullish trends popping up for various altcoins including the ones that have already begun to pump. One such altcoin showing strong bullish signals is PEPE.
PEPE Prepares for Significant Pump
$PEPE has displayed a bullish breakout of a Bull-Flag like pattern and with this being, sights can be on an over 75% move from here to the $0.0000375 levels!— JAVON⚡️MARKS (@JavonTM1) December 1, 2024
As we can see from the post above, this analyst marks how PEPE price has displayed a bullish breakout of a bull-flag-like pattern as depicted in the chart shared in the post. Having said this, the analyst expects explosive gains ahead for the popular memecoin that could include a pump of over 75% to the $0.0000375 price target.
According to CoinMarketCap analytics, the price of PEPE presently stands at $0.00002088 with a total market cap of $8,781,624,807.02 and a 24-hour trading volume of $2,869,956,011.31. This remains a bullish sign is what is currently a crypto market that is in the ‘Extreme Greed’ phase with a score of 81 according to the Crypto Fear & Greed Index.