Bitcoin Price Prediction: As US CPI Rises More Than Expected, Analysts Say to Consider This ICO Offering Huge Rewards for DOGE, SHIB, and PEPE

bitcoin price up a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $60,373 at 03:40 am EST on trading volume which increased by 7% to $30 billion.

This comes as the US consumer price index (CPI) rose a seasonally adjusted 0.2% in September, putting the annual inflation rate at 2.4%. Both were 0.1 percentage points higher than expected.

Meanwhile, core inflation, excluding food and energy, rose 0.3% month-on-month, putting the annual rate at 3.3%.

bitcoin Price Points to Uptrend Reversal

According to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Geckobitcoin price appears to be in a sideways or slightly bearish phase as bulls struggle to hold it above $66,000.

The recent downtrend from the $62,200 support allowed the bears to push bitcoin price below the 50-day and 200-day simple moving averages (SMA).

The Relative Strength Index (RSI) is in the lower-mid range, currently at 42, leaning slightly towards oversold territory (below 50 but not yet below 30). This suggests that the asset is in a bearish phase but is not yet very oversold, leaving room for further declines or consolidation before a possible reversal.

The highlighted Fair Value Gap (FVG) box near the $57,500 level represents an inefficiency or gap in price action that the market can revisit to fill orders. bitcoin price recently bounced around this area, suggesting that it is an area of ​​strong demand.

Currently, the price of bitcoin has not yet filled the FVG. In such a scenario, bitcoin price could fall further to the $57,500 support zone.

Meanwhile, if the bulls take control of the price at this level, bitcoin price could skyrocket to break the immediate resistance zone at $61,685 (50-day SMA) as the bulls target the next resistance at $66,200.

As bitcoin price bulls look for more buy signals, investors are piling into the new meme token. crypto All-Starswhich has accumulated more than 2.18 million dollars in its pre-sale

99Bitcoins, an influential cryptocurrency YouTube channel with over 706,000 subscribers, says $STARS has the potential to grow 100x after its launch.

crypto All-Stars Pre-Sale Heads To $2.5 Million – Best Cryptocurrency To Buy Now?

crypto All-Stars is off to a spectacular start to its pre-sale, generating an average of over $260K each week since its launch approximately two months ago.

The project is the industry's first unified meme coin staking platform, allowing investors to earn returns on STARS from tokens such as Dogecoin, Shiba Inu, and Pepe on a single platform.

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Why is everyone excited?

In its initial pre-sale phase, crypto All-Stars raised over $350K!

This initial success shows that investors see BIG potential here.

Could this be next? twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw”>$PEPE?

— web3telepath (@web3telepath) twitter.com/web3telepath/status/1824051738833260654?ref_src=twsrc%5Etfw”>August 15, 2024

The other eight meme coins that can be staked on the crypto All-Stars platform through its innovative MemeVault protocol are Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu and Bonk. More meme coins will be added in the coming months.

You can also earn passively through The native participation mechanism of the project.offering an impressive 680% Annual Percentage Yield (APY).

You can buy STARS tokens now for $0.0014947. The price will increase in less than 2 days, so act fast to get the best deal.

Buy $STARS from their official website here using BNB, USDT or a bank card.

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