- Bitcoin price drops 4%, finding support at $87,000, while analysts remain bullish.
- Wiki Cat (WKC) surges 65% ahead of its Peniwallet launch, attracting investor interest.
- WKC charts a bullish breakout, eyeing a potential 220% rally in the short term.
Bitcoin price is down 4% and trades at $88,670, which is still an increment from yesterday’s low of $86,142. The market is fearful, although analysts say that BTC remains bullish.
Bitcoin Price Finds Support at $87,000
BTC price remains in a strong uptrend on the weekly chart, respecting the long-term red ascending trendline. However, a recent pullback from $109,000 suggests temporary weakness.
The recent red weekly candle shows a rejection from $96,000-$109,000, signalling short-term selling pressure. If BTC breaks below $87,778, a deeper retracement toward $74,000 is likely.
The Relative Strength Index (RSI) is at 52.28, showing a neutral stance, but a drop below 50 could indicate further downside risk.
Bitcoin price is now at the 38.2% Fibonacci retracement at $87,778. A bounce here would confirm a bullish continuation; otherwise, the 61.8% retracement at $74,480 is the next significant level to watch.
As Bitcoin continues to struggle against massive sell pressure, a rising star on the BNBchain is catching the eye of investors. Wiki Cat price increased by 50% in the last 2 weeks.
Wiki Cat DeFies Bitcoin, Soars 65% Ahead Of Main Wallet Launch
Wiki Cat (WKC) has been blowing up timelines lately. This isn’t just some random meme coin — the Wiki Cat team is hard at work, and it has an unstoppable community is backing the project.
What is Wiki Cat?
Wiki Cat was launched in April 2022 on the BNBChain by Sir Mapy for the SMC DAO.
This deflationary meme token’s total supply started at 999 trillion tokens, and via a slick 1% burn mechanism on every buy and sell, it has dropped to 555 trillion —nearly 56% already torched and sent to the dead wallet. Wiki Cat smart contract ownership has been renounced, and liquidity has burned.
Wiki Cat’s vision is to build an empire with the SMC DAO, a peer-to-peer platform where users can learn about crypto and the blockchain, spend, trade tokens, and hold unique NFTs.
Anticipated Peniwallet Launch To Spark Wiki Cat Bull Run
Word on X is they’re cooking up a wallet called Peniwallet, expected to launch in March 2025.
The wallet features gasless transactions, a social spray feature, integrated token swaps, and enhanced security. The wallet also offers developer fee sharing and strong community support.
Wiki Cat has over 61,000 wallet holders, with 1,182 jumping in over the last month alone—no marketing, just believers spreading the gospel. Price-wise, it’s been a rollercoaster—it peaked at $0.00000004073 in January 2023 and is now chilling around $0.000000014,54, according to CoinGecko.
Wiki Cat Price Eyes 220% Rally In the Short Term After Bullish Breakout
Wiki Cat price has formed a clear ascending triangle pattern, indicating a breakout to the upside. Higher lows suggest strong accumulation and bullish momentum. The price has tested resistance multiple times without a strong rejection and, in the past week, managed to close above the ascending triangle, confirming a bullish breakout.
The Relative Strength Index (RSI) is at 74.47, indicating overbought conditions, which might cause a short-term retest before bullish continuation. If the breakout is successful, the price projection suggests a 220% increase toward 0.00000003500.
The 24-hour WKC trading volume increased by 36.84%, according to data from CoinGecko. A breakout with increasing usually supports bullish momentum and a strong uptrend.
DISCLAIMER: The work included in this article is based on current events, technical charts, company news releases, and the author’s opinions. It may contain errors, and you shouldn’t make investment decisions based solely on what you read here.
