- The crypto market has seen heightened volatility in recent months.
- Amid this broader cooling, the Bitcoin Pepe presale has continued to gain traction.
- The presale has raised over $16.2 million. The BPEP token is currently priced at $0.0437.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing renewed strength heading into the weekend, with technical indicators pointing to the potential for further gains.
BTC broke above its recent consolidation range at $108,355 on Wednesday and extended its rally by 3.64% through Thursday.
As of Friday, the cryptocurrency is trading near $109,000.
If momentum persists, Bitcoin could retest its all-time high of $111,980, set on May 22.
Notably, the asset has held above the $100,000 level since June 22, when it briefly fell to $98,900 amid geopolitical tensions in the Middle East.
Market resilience is also reflected in early-stage projects such as Bitcoin Pepe, which continues to attract investor interest.
Will the Bitcoin bull run end soon?
Bitcoin may be entering the final stretch of its current bull cycle, with limited time left for price expansion if historical trends hold, according to crypto analyst Rekt Capital.
In a video posted Thursday, Rekt said Bitcoin’s current rally bears similarities to the 2020 cycle, suggesting a potential market peak in October, roughly 550 days after the April 2024 halving.
At the time of analysis, Bitcoin was trading around $108,837.
“We have a very small sliver of time and price expansion left,” Rekt said, cautioning that only two to three months may remain in the current bull market.
While some market participants are anticipating a cycle extension that could stretch into 2026, Rekt emphasized the importance of relying on historical halving-based models.
“Many people are happy to throw away time-tested principles out the window, whereas it’s really important to rely on these sorts of metrics,” he said.
The commentary comes amid diverging views on Bitcoin’s long-term trajectory.
Earlier in the week, Standard Chartered’s head of digital asset research, Geoff Kendrick, offered a more bullish view, saying the cryptocurrency has likely moved beyond its past halving-linked price dynamics.
Bitcoin Pepe’s climb continues
The crypto market has endured heightened volatility in recent months, with major digital assets fluctuating sharply and meme coins struggling to regain momentum.
With analysts now offering divergent views on the market’s direction, further volatility appears likely.
Amid this broader cooling, the Bitcoin Pepe presale has continued to gain traction, standing out in an otherwise subdued segment.
Its consistent investor interest suggests the project may be better positioned to navigate current headwinds.
Unlike conventional meme tokens driven purely by hype, Bitcoin Pepe integrates a technical foundation.
Billed as the first meme-centric Layer 2 built on the Bitcoin network, the project seeks to combine Bitcoin’s base-layer security with Solana-like scalability.
To expand its Layer 2 ecosystem, Bitcoin Pepe has entered strategic partnerships with Super Meme, Catamoto, and Plena Finance—efforts aimed at building utility beyond speculative trading.
This combination of infrastructure innovation and cultural relevance appears to be resonating with investors in a cautious market.
The project’s ongoing presale has raised over $16.2 million, with a final listing announcement scheduled for July 31.
Credit: Source link
