Bitcoin Expert Predicts Parabolic BTC Rally

Bitcoin Expert Predicts Parabolic BTC Rally

Bitcoin's price remains steady around $59,500, while altcoins show little movement. Weekend trading volume is noticeably low, with the BTCUSDT pair on Binance dropping to $500 million.

PEPE Coin Analysis

PEPE Coin's price, hovering around $0.0000074, attempts to hold support at $0.00000691. It has not reached a new ATH for 82 days since its last peak, reflecting Bitcoin's prolonged sideways movement. A break below support could result in a decline to $0.00000467.

In an oversold market, PEPE Coin has the potential to drop further, potentially reaching $0.00000114, where its 2024 rally began. For a bullish scenario, it needs to regain and hold $0.00000897 and $0.00001270 resistance levels. August is expected to mimic previous weeks, influenced by the upcoming Fed meeting.

LUNA Coin Price Prediction

Do Kwon has once again avoided extradition, with Montenegro's decision to extradite him being overturned. LUNA Coin remains near its new ATL, facing further decline if Bitcoin drops below $56,000.

If it regains $0.4197, LUNA Coin could test $0.55. Breakouts above this level may lead to a rise above $1, depending on Bitcoin's price action.

CEEK Coin Predictions

Similar to LUNA Coin, CEEK Coin is also hovering near its new ATL. The price has been in a prolonged downtrend since its peak on March 12, with a 74% decline over the past months.

CEEK Coin has a slim chance of positive divergence, but a drop in Bitcoin could result in a new all-time low of $0.02. For a reversal, it needs to close above $0.039.