BTC could reach $80,000 this November and Pepe Unchained could multiply by 100

bitcoin is approaching its all-time high, just 2% away, fueling hopes of an $80,000 November and potential surges for altcoins like Pepe Unchained.

bitcoin is trading less than 2% from its all-time high (ATH), and traders are ecstatic.

With momentum on your side, $80,000 is within reach in November. This paves the way for smaller altcoins like Pepe Unchained to explode as well.

<h2 class="wp-block-heading" id="bitcoin-successfully-flips-htf-resistance-to-support-analysts-point-to-80-k”>bitcoin successfully turns HTF resistance into support, analysts point to $80,000

bitcoin recently broke a seven-month resistance and has now turned it into support.

The market-leading crypto is showing strong momentum after turning its long-term resistance into support, and is now trading at $72.3K.

To add confluence to this breakout, btc just experienced its highest close of a 3-day candle.

Momentum is clearly in their favor.

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And with that, there is a good chance that it surpasses its ATH this week and ventures into uncharted territories in November.

How far can it go? $80,000 is a goal that everyone is watching closely.

After bitcoin successfully broke out and retested the descending channel resistance, analyst Castillo Trading predicted that it would hit the $80,000 mark next.

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And bitcoin also looks strong off the charts.

The Federal Reserve will hold its next meeting on November 7 to decide whether to reduce interest rates.

CME Fed Watch data suggests a 98.9% chance of a rate cut. The last rate cut, in September, saw btc rise from $52,000 to $70,000.

Furthermore, the US presidential election is only six days away and is expected to be a bullish event for the cryptocurrency market.

CNBC analysts conclude that bitcoin will reach $80,000 in 2024 “no matter who wins the election.”

However, the pro-cryptocurrency stance taken by Trump would likely accelerate these developments if he were to take office.

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After creating an ATH in March, bitcoin and the broader crypto market have struggled to stay afloat since then. However, that is all changing as bitcoin reels from another breakout.

This sets the stage for altcoins to skyrocket, similar to what happened during bitcoin's rally in the first quarter of 2024.

Analysts consider Pepe Unchained a big winner among altcoins. The project raised over $22 million in its pre-sale and is creating something completely new in the joke token sector.

Pepe Unchained could become a multi-billion dollar meme coin as pre-sales explode

crypto-news.care/b_pepeunchained-en_97815?referrer=bitcoin-price-prediction:-btc-could-hit-$80000-this-november-and-pepe-unchained-could-100x” target=”_blank”>Pepe Unchained has generated unprecedented success in its pre-sale, reflecting deep market interest.

What is the project about? It is building a layer 2 ethereum blockchain for meme coins.

ethereum users face high fees and slow speeds, particularly for meme coins, where the most activity occurs on the mainnet.

There are many ethereum Layer 2s on the market to combat this, but most focus on use cases like DeFi, nfts, and real-world assets. Pepe Unchained is the first that will provide a home for meme coins.

The meme coin market has been booming in recent months, with countless projects providing returns of 10x or more.

Analysts believe that Pepe Unchained's unique position as a layer 2 for meme coins could make it the next to explode.

99Bitcoins' Umar Khan says it could provide an “easy 50 to 100x profit.”

Given that it has already raised $20 million, this would give it a valuation in the billions, instantly making it one of the top 75 cryptocurrencies by market cap.

However, considering its goal of being the cryptocurrency home for meme coins, even that might be conservative.

Like any project, Pepe Unchained carries risks, and only time will tell.

But one thing is for sure: this is a project we should keep a close eye on as bitcoin enters uncharted territory.

For more information, crypto-news.care/b_pepeunchained-en_97815?referrer=is-it-too-late-to-buy-neiro-ethereum” target=”_blank”>visit the Pepe Unchained pre-sale website and join the community x.com/pepe_unchained” target=”_blank”>unknown and Telegram for the latest updates.