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Bitcoin Price Prediction – Will BTC Hit $30k in June? Wall Street Memes Raises $1.2 Million

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Bitcoin started off 2023 with a massive bull run, climbing more than 70% to break through the important $30k barrier for the first time since last June.

However, BTC’s momentum sputtered in April and the world’s most popular cryptocurrency has been trading sideways since. Now, with BTC trading around $28k, traders are wondering whether the token can break through $30k and make another move higher.

While Bitcoin is moving sideways, meme coins are exploding upwards. The latest viral meme coin, Wall Street Memes ($WSM), has already raised more than $1.2 million in a crypto presale that traders are loving.

BTC Price Prediction: $30k Breakout Unlikely, Decline to $20k Possible

BTC has traded in a range between support at $27,000 and resistance at $30,000 since early April. It broke above $30k once but failed to maintain the breakout. It also broke below $27k recently but has returned to its price channel and now trades at $28k.

This sideways pattern isn’t a good sign for BTC, according to many crypto analysts. If Bitcoin is unable to breakout above $30k and make a strong move higher, the next most likely outcome is for the token to break below its $27k support.

From there, Bitcoin could fall all the way to its next support level around $20k. Crypto trading firm QCP Capital has even pointed to $16k as a possible price target for BTC if the token starts falling.

From a fundamental perspective, it appears unlikely that there will be a strong catalyst to reignite Bitcoin’s bullish flame in the near-term.

The US Federal Reserve signaled that it would slow down interest rate hikes, which could support a risk-on shift towards assets like Bitcoin. However, inflation remains high, so interest rates are widely expected to remain high and even continue to increase for the foreseeable future.

In addition, the possibility of a US debt default—which could support Bitcoin since it serves as a gold alternative—is decreasing thanks to a deal struck between the Biden administration and Republican lawmakers. Traders who may have considered moving out of traditional assets like stocks and treasuries are now far less likely to shift cash into Bitcoin.

New Meme Token Wall Street Memes Raises $1.2 Million as Hype Accelerates

While Bitcoin plays a central role in the crypto market, it’s far from the most interesting coin to trade right now. That distinction goes to Wall Street Memes, a viral new meme coin that’s raised more than $1.2 million so far during its presale.

Wall Street Memes is exactly what the name suggests—a community based on riffing on the greed, insanity, and recklessness of Wall Street. The theme is already a hit with traders, and especially those in Reddit’s r/WallStreetBets community who have been making fun of Wall Street for years.

Wall Street Memes is being developed by the same team who launched the Wall St Bulls NFT collection in 2021. That collection sold out in just over 30 minutes after launching, so this team understands what it takes to make a viral project.

The same team is also building hype around an upcoming Wall Street-themed Ordinals NFT collection. There are only 420 NFTs available to mint in that collection and traders are already vying to get their hands on them.

The development team hasn’t allocated any $WSM tokens for itself, so Wall Street Memes is a fully community-driven project. The development team only stands to make money if early investors in the project also profit from it.

Wall Street Memes’ $WSM has a maximum supply of 2 billion tokens. 50% of the supply is allocated to the public Wall Street Memes presale.

Since launching its presale, Wall Street Memes rocketed through the first stage of its presale and is nearly sold out of its second stage. The presale has a hard cap of $30.577 million, and it’s very encouraging to see the project sell $1 million worth of $WSM so quickly.

While Stage 2 remains available, investors can buy $WSM at a price of $0.0253. The project plans to list $WSM at $0.0337, so investors can anticipate a gain of 33% ahead of listing.

In addition, presale investors have a chance to enter into the drawing for a Wall Street Memes airdrop. Five lucky investors will each receive $10,000 worth of $WSM during the airdrop.

Visit Wall Street Memes Presale


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