Crypto analysts are sounding the alarm — Bitcoin price could crash to $60,000 in January.
As such, BTC is down over 11% from its $108k all-time high. However, the recent decline in the global money supply suggests that the crypto crash isn’t over just yet.
Meanwhile, some smart money investors are already pivoting to presale tokens, with the likes of Wall Street Pepe in high demand.
Bitcoin Price Crash – Is It Time To Sell BTC?
Global Head of Technical Strategy at Fundstrat Mark Newton reveals that the Bitcoin price could dip to $60,000 early in 2025.
While Fundstrat’s CEO Thomas Lee believes that BTC will eventually hit $250,000 next year, a dip to $60,000 is likely. Former White House Director of Communications also conceded this possibility.
Similarly, former Wall Street quant Tone Vays reveals that Bitcoin’s range-bound movement near 95,000 is concerning. Vays highlights that the likelihood that BTC breaks down below $92,000 has considerably increased, which could result in a larger crash to $73,000.
Legendary trader Peter Brandt has also cautioned the bulls. A breakdown below the current broadening triangle on the BTC price chart could result in a correction to $70,000.
Turning doubters into believers since day one. 🐸 ⚔️ pic.twitter.com/usPUfQnhvD
— Wall Street Pepe (@WEPEToken) December 26, 2024
Into The Cryptoverse’s Benjamin Cowan also highlights the similarity between Bitcoin and NASDAQ (QQQ). If BTC continues to follow QQQ’s fractal, a flash crash to $60,000 could be on the cards, perhaps near Donald Trump’s inauguration on January 20th.
It is now imperative for the bulls to hold the $92,000 – $93,800 range in the coming days. A sustained close below it could pave the way for the aforementioned crypto crashes. On the contrary, a breakout above $97,300 – and eventually $100,000 – could result in new all-time highs.
In this bullish scenario, prominent analyst Ali Martinez indicates that the Bitcoin price could hit $168,500.
Are Presale Tokens The Best Crypto To Buy Now?
Crypto presales are in high demand, especially as Bitcoin and large-cap altcoins are mired in uncertainty. A CoinDesk report reveals that ICOs could make a comeback in 2025 amidst improved regulatory clarity.
A few presale tokens are already creating a strong buzz, with experts viewing them as some of the best cryptos to buy now.
For instance, Wall Street Pepe (WEPE) has raised nearly $37 million in its ICO amidst heavy whale bidding and retail interest.
Turning doubters into believers since day one. 🐸 ⚔️ pic.twitter.com/usPUfQnhvD
— Wall Street Pepe (@WEPEToken) December 26, 2024
As such, smart money investors are bullish on frog meme coins, with many expecting Pepe to reach $50 billion in 2025. This scenario is positive for low-cap frog tokens as well.
Wall Street Pepe’s key selling point is its exclusive trading alpha group, which will have all WEPE holders as its members. The project considers its core mission to challenge this hegemony of whales and offer a competitive edge to small-scale investors.
As a result, the WEPE army will receive cutting-edge alpha calls, expert trading strategies and market insights. The members can also share their own trading setup and win attractive monetary perks if their setup proves to be profitable.
WEPE holders are also benefitting from the project’s presale staking pool, which is currently offering a reward rate of 35%.
Prominent crypto investors have already jumped on the bandwagon and are bullish on Wall Street Pepe’s upside, with many rating it among the best cryptocurrencies to buy now.
Visit Wall Street Pepe Presale
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
