Bitcoin managed to recover most of the losses it experienced yesterday as a result of a broad market pullback that threatened to push its price below the $90,000 level – a key psychological threshold for investors.
In the past 24 hours, the price of $BTC has recovered 5.8% and currently stands at $95,890 per coin. Although the token still accumulates a 4.8% retreat in the past 7 days, certain indications on the technical front point to the possibility of an upcoming bull run.
Analysts predict that both retail and institutional embracement of Bitcoin this year could spike to unprecedented levels amid the success of its exchange-traded products (ETPs).
Also read: Best Bitcoin and Crypto Casinos of 2025
According to a note from Bernstein published earlier this month, over $70 billion in capital inflows could flow to stop Bitcoin exchange-traded funds (ETFs) during the year.
They also expect that as “regulatory headwinds and intrinsic philosophical resistance” are neutralized, investment funds may be more inclined to incorporate these products into their portfolios, which would result in higher demand for BTC in the near term.
As a result, Bernstein analysts see the price of Bitcoin surging to at least $200,000 by year-end. Other research firms like Standard Chartered agree with these predictions as the token’s supply is confined to a maximum of 21 million coins set by its creator, Satoshi Nakamoto.
Scarcity will play a key role in increasing the value of BTC down the road as exchange-traded funds (ETFs) are forced to incorporate more coins into their portfolios in an unscheduled fashion based on the amount of money that investors pour into these vehicles.
Hence, spot products have no chance but to buy Bitcoin at its market price to maintain their net asset value (NAV) and performance closely aligned with that of the cryptocurrency in the spot market.
Large Hammer-Shaped Doji Points to Beginning of the Bullish Cycle
The price of Bitcoin (BTC) found strong support at the $90K area yesterday. Trading volumes nearly doubled during the day as selling pressure mounted. However, buyers’ interest in the asset became obvious as the price recovered progressively during the afternoon.
As a result, the chart above shows that the session ended with a significantly large hammer-shaped doji candle that typically marks the beginning of a bullish cycle.
This technical formation is known as a dragonfly doji and it shows that, even though sellers dominated the price action at some point during the session, buyers ended up closing the gap and pushing the market price near the open.
Today’s recovery in Bitcoin prices is not necessarily unexpected then as it is preceded by this technical setup. However, the next few days will be critical to determine if there’s enough demand from late buyers and investors who waited on the sidelines for a pullback to increase their long positions.
Wall Street Pepe ($WEPE) Benefits from Market’s Recovery as Presale Nears $49M
The hottest up-and-coming meme coin in the market right now seems to be Wall Street Pepe ($PEPE) as the project has managed to raise nearly $49M from investors since its presale event went live in December last year.
The market’s temporary meltdown yesterday did not deter early buyers from being captivated by the appeal of this initial coin offering (ICO), whose robust community-building effort could push it to become one of the best meme coins of 2025.
Wall Street Pepe is building the $WEPE army – a collective of savvy crypto enthusiasts who will benefit from the trading insights provided by the project’s developing team. Whales have dominated the crypto market for too long and it is time to take a stand and beat them at their own game.
$WEPE holders will not just benefit from the significant price appreciation that the token may experience once listed in top-tier exchanges but also from the ‘alpha’ opportunities that will be exclusively shared with the community once the project goes live.
With only 22 hours left until the next price increase, $WEPE’s discounted price of $0.00036647 gives early buyers the upper hand as it positions them favorably to reap the highest returns once top listings are secured.
Don’t stay on the sidelines. Visit the Wall Street Pepe website and connect your wallet to buy your first $WEPE tokens. You can either swap ETH, BNB, or USDT or use a bank card to complete the transaction.
