Reflecting a little 0.5% dip, Bitcoin (BTC) has maintained a price of $66,155 over the past 24 hours; the last-hour loss is an extra 0.7%. This small change occurs against a 4.5% decline in BTC over the previous week and a 0.5% market decline today.
Despite recent losses, Bitcoin has increased significantly by 148% over the past year, largely because several Bitcoin ETFs started in January. Analysts think BTC’s predicted rising trend could be triggered by its past leadership posture in market rallies.
Reflecting a slowing pace, BTC’s recent performance indicates a decline from its June 7 peak of about $71,000 to $66,000 today. Bitcoin’s relative strength index (RSI) has been flat for around two weeks, suggesting a negative attitude at roughly 40.
Bitcoin Shows Signs Of Resilience Amid Market Volatility
Technical indicators suggest a possible comeback since BTC’s 30-day moving average stays below the 200-day moving average. But persistent declines in support and opposition point to a wary market; whales have demonstrated considerable profit-taking.
Still, BTC’s steady climb suggests resiliency inside a larger, broad upward trend. Inspired by oversold conditions and the approaching launch of spot-based Ethereum ETFs in the next weeks, market analysts foresee a rebound.
Expecting a Federal Reserve rate cut by September reinforces market optimism and may attract institutional investors to BTC ETFs. Forecasts show BTC perhaps reaching $70,000 by summer’s end and topping $80,000 by 2024.
Rising meme tokens attract investors seeking additional opportunities for rapid gains even if BTC remains the core of the crypto market. Base Dawgz (DAWGZ), which generated pre-sale revenues above $1.5 million, has drawn attention.
DAWGZ runs over Ethereum, Base, Solana, Avalanche, and BNG Chain networks using the popularity of the Shiba Inu meme with an original extreme sports twist. Combining staking aspects to promote holding and drive value appreciation following the launch, DAWGZ has a maximum token supply of 8.453 billion and 20% allocated to the sale.
At $0.00502 per token, DAWGZ is priced as enthusiasm for its DEX and CEX listings following the presale development, forecasting significant price movement upon market release. Investors can engage in the presale through the official Base Dawgz website, therefore signaling great interest in high-potential meme tokens among the more general cryptocurrency scene.
