Bitcoin forms W-shaped reversal pattern: Is it time to buy Bitcoin Pepe?

Bitcoin rebounds 11% from $74,400, forming a W-shaped pattern. BTC needs to break past $90,000 with high volume to confirm a reversal. Bitcoin Pepe (BPEP), tying Bitcoin’s liquidity to meme coin appeal, offers a compelling investing opportunity as BTC rebounds. Bitcoin (BTC) has experienced a significant rebound recently, climbing over 11% from its April 7 […] The post Bitcoin forms W-shaped reversal pattern: Is it time to buy Bitcoin Pepe? appeared first on CoinJournal.

Apr 12, 2025 - 09:00

Bitcoin forms W-shaped reversal pattern: Is it time to buy Bitcoin Pepe?

Bitcoin rebounds 11% from $74,400, forming a W-shaped pattern.
BTC needs to break past $90,000 with high volume to confirm a reversal.
Bitcoin Pepe (BPEP), tying Bitcoin’s liquidity to meme coin appeal, offers a compelling investing opportunity as BTC rebounds.

Bitcoin (BTC) has experienced a significant rebound recently, climbing over 11% from its April 7 low of $74,400 to near $84,000, sparking renewed interest among investors and analysts alike.

Amidst this price surge, legendary technical analyst John Bollinger has identified a potential W-shaped reversal pattern on the weekly chart, hinting at a possible bullish turnaround for the cryptocurrency.

Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.https://t.co/v1qfBbEoDV
Remember: The fraudsters are legion. I will never ask you for anything. #BollingerBands #btc
— John Bollinger (@bbands) April 10, 2025

As the market anticipates confirmation of this pattern, a new project, Bitcoin Pepe (BPEP), emerges as a meme-focused Layer-2 solution on Bitcoin, presenting a fresh investment prospect tied to BTC’s future.

Bitcoin forms a W-shaped reversal pattern

Bitcoin’s recent price movements have captivated technical analysts, spotlighting a W-shaped reversal pattern forming on the weekly chart.

This pattern emerged with two clear troughs—first dipping to around $76,600 in March and then to $74,400 in April—indicating a potential bottoming out of the market.

In addition, the lower Bollinger Band, sitting at $77,138, has provided crucial support, underscoring the importance of this price zone.

John Bollinger, renowned for his Bollinger Bands, suggests that a strong break above the swing high near $90,000, backed by robust volume, would confirm a W-bottom.

Should this occur, Bitcoin (BTC) could target the neckline at $88,800, with a completed pattern potentially driving prices toward $106,000.

Onchain data from Glassnode bolsters this outlook, revealing “near-term seller exhaustion” as realized losses shrink with each price decline.

This diminishing selling pressure hints at an impending shift toward bullish momentum.

Analysts like AlphaBTC and Rekt Capital stress that maintaining levels above $81,500 and $80,500 is critical for a lasting recovery.

Bitcoin Pepe: A meme-driven investment opportunity on Bitcoin

As Bitcoin teases a potential reversal, investors are turning their attention to related ventures, with Bitcoin Pepe (BPEP) standing out prominently.

BPEP is a Layer-2 solution built on Bitcoin, blending the blockchain’s security with Solana-like speed and low fees, tailored for meme coin enthusiasts. Its innovative PEP-20 token standard allows memecoin creation and trading directly on Bitcoin, a pioneering twist in the crypto world.

Leveraging Bitcoin’s massive $2 trillion liquidity, BPEP aims to fuse the viral appeal of meme coins with BTC’s sturdy foundation, potentially drawing significant retail interest.

Currently in its eighth presale stage, BPEP has raised $6,518,786, with tokens currently priced at $0.0295 and set to rise to $0.031 in the next stage.

Bitcoin Pepe’s tokenomics allocate 50% of the 2.1 billion supply to the presale, 15% to staking and rewards, and 10% each to liquidity, development, and marketing, fostering a sustainable ecosystem.

Audited by SolidProof and guided by web3 experts like Nate Sherrod and Collin Ford, BPEP’s roadmap promises Layer-2 enhancements, exchange listings, a bridge, and a dedicated DEX. This ambitious plan signals a strong commitment to growth.

Purchasing BPEP now could position investors to benefit from Bitcoin’s possible price surge, amplifying the project’s visibility and value within the BTC ecosystem.

A confirmed W-pattern in Bitcoin might boost overall market confidence, indirectly lifting BPEP’s prospects as attention flows to Bitcoin-based innovations.

However, the risks of presale investments and meme coin volatility warrant caution, given potential execution hiccups or market swings.

Nevertheless, for those seeking to diversify with a blend of meme culture and Bitcoin’s enduring strength, BPEP offers a compelling case.

It introduces a distinctive opportunity, merging Bitcoin’s vast liquidity with the playful allure of meme coins.

The post Bitcoin forms W-shaped reversal pattern: Is it time to buy Bitcoin Pepe? appeared first on CoinJournal.