Bitcoin Price Prediction: As BTC Sets A New ATH Above $107K, This New PEPE Derivative’s ICO Surpasses $27 Million
The Bitcoin price surged 2% in the last 24 hours to trade at $106,162 as of 11:18 p.m. EST on trading volume that soared 14% to $97.9 billion. The BTC price pump took the leading crypto by market capitalization to a new all-time high (ATH) of $107,822 before taking in a slight correction. As BTC hit its ATH, its Energy Value, a key metric of the BTC Proof-of-Work mining ecosystem, also hit $100,000 for the first time ever. Bitcoin Energy Value just cleared $100K for the first time ever pic.twitter.com/NRMf8bMSbu — Charles Edwards (@caprioleio) December 16, 2024 Bitcoin Price Still On A Sustained Bullish Rally The Bitcoin price has been in a strong uptrend since late October. A clear ascending channel pattern can be seen, with the BTC price moving consistently between two upward-sloping parallel trendlines. This pattern signifies a bullish structure, where the asset is making higher highs and higher lows. The price recently tested the upper boundary of the channel, at $106...