Where is Bitcoin Pepe headed as analysts see BTC making new highs

Bitcoin hovered near its record peak on Wednesday, with the price stabilizing around $106,700 — just 3% below the all-time high reached on January 20. Ethereum and Ripple also held firm above key technical support levels, helping to sustain a cautiously optimistic tone in broader crypto markets. Bitcoin remains the cornerstone of the cryptocurrency ecosystem and continues to serve as a hedge against macroeconomic uncertainty. However, its increasing maturity, declining volatility, and rising institutional participation have reduced its appeal for investors targeting outsized, asymmetric returns. In contrast, early-stage tokens like Bitcoin Pepe are gaining traction among risk-tolerant investors looking for higher upside potential. With sentiment improving across the broader crypto market, these speculative assets are well-positioned to benefit from renewed inflows as traders seek exposure to high-volatility plays. Analysts sees BTC hitting new highs Keith Alan, co-founder of Material Indicators, noted several key technical zones traders are watching, including the 21-day moving average (currently at $101,640), the 50-day and 200-day moving averages, and the 2025 yearly open. Alan pointed out the potential for a Golden Cross forming between the 50-day and 200-day MAs, with confluence from a longer-term trendline. “If the $105,000 level continues to hold, a move toward the all-time high looks increasingly feasible,” Alan said. Keith Alan @KAProductions · Follow The 50-Day MA is on a trajectory to Golden Cross with the 200-Day MA in a tight range that has confluence with the Trend Line AND the 2025 YO. You can’t really ask for stronger technical support than that. I’d personally consider a dump to that level a gift, but at this point I 6:57 am · 21 May 2025 16 Reply Copy link Read 1 reply While he views a drop to deeper support levels as potentially healthy for Bitcoin’s structure, he also conceded such a pullback now appears less likely. “The further the 21-day MA gets from $100K, the less likely we are to get the support test I’ve been looking for.” Michaël van de Poppe echoed those sentiments. In his latest analysis, he flagged $91,800 and $100,700 as key downside levels of interest but emphasized that momentum was favoring the bulls. “It’s always a good morning with Bitcoin at $108,000 and close to a new ATH,” he wrote on X, forecasting that new record highs are arriving “faster than he expected.” Van de Poppe sees $120,000 as the next major milestone, with longer-term targets reaching as high as $200,000. Bitcoin Pepe to list soon A renewed rally in Bitcoin, historically a trigger for wider market momentum, is once again lifting sentiment across the cryptocurrency landscape. As capital rotates back into digital assets, speculative tokens — particularly meme coins — are regaining investor attention. Bitcoin Pepe is emerging as a notable beneficiary of this trend, positioned at the convergence of meme-driven virality and blockchain infrastructure innovation. As the first meme-centric Layer 2 on the Bitcoin network, it combines the network’s established security with the scalability typically associated with Solana-like architecture. The project has announced a series of strategic partnerships to broaden its Layer 2 ecosystem. These include Super Meme for secure meme coin launches using the PEP-20 standard, Catamoto for BASE chain fair launches, and Plena Finance, which may integrate BPEP into its mobile-first DeFi platform. Additionally, a collaboration with the GETE Network could extend Bitcoin Pepe’s presence into cross-chain Web3 gaming. These integrations aim to enhance the project’s technical foundation and provide potential real-world utility for its token, distinguishing Bitcoin Pepe from purely speculative meme assets. Investor interest appears strong. Bitcoin Pepe’s presale has raised over $10 million so far, with BPEP tokens priced at $0.0359. The presale is set to close on May 31, 2025, with an exchange listing expected soon after — an event that could act as a near-term catalyst for price action. The post Where is Bitcoin Pepe headed as analysts see BTC making new highs appeared first on Invezz

Source: Invezz