Bitcoin and Pepe Coin Price Predictions as BTC Makes a Strong Bullish Breakout and Surges to a Record High

Bitcoin price has made a strong bullish breakout and surged to a record high this week. Odds are that the coin will continue rising in the coming weeks

Bitcoin price has made a strong bullish breakout and surged to a record high this week. Odds are that the coin will continue rising in the coming weeks, with the next viable point to watch being at $122,000. So, how high will the Pepe Coin price rise to if BTC surges to that target level?

Bitcoin price is surging and traders are wondering where the next viable target will be. Technicals suggest that the coin will rally to $122,800 in this bull run, which is about 16% above the current level. If this happens, BTC could either consolidate or suffer a reversal.

After consolidating, Bitcoin will likely continue rising towards $200,000. Several fundamentals are backing up Bitcoin’s bullish outlook, including the rising demand and falling supplies.

Bitcoin balances in exchanges have continued falling and are now at all-time lows. At the same time, mining difficulty is rising while demand from both institutions and individuals is surging.

Indeed, data from SoSoValue shows that spot BTC ETFs have had inflows in the past two consecutive weeks.

Pepe coin price prediction

There are rising odds that other altcoins like Pepe coin price will stage a strong comeback if Bitcoin continues its strong rally.

On the daily chart, we see that the coin crossed the important resistance point at $0.00001725 on November 13. That was a key point since it was the upper side of the cup and handle pattern. It also retested that level, which is notable since a break and retest is a popular continuation sign.

Pepe coin has also remained above the 50-day and 100-day moving averages, a sign that bulls are in control for now.

Most recently, Pepe coin price has formed a falling wedge pattern, which is nearing its confluence level. Therefore, the meme coin will likely jump to the year-to-date high of $0.00002825. A move above that level will see it rise to $0.000032, the upper side of the Andrews Pitchfork tool, which is about 34% above the current level.