Bitcoin Price Analysis: BTC Could Surge Further Toward $40K Bitcoin price is showing positive signs above $33,500 against the US Dollar. BTC might correct lower, but dips could be limited below the $32,000 zone. Bitcoin Price AnalysisBitcoin price started a strong increase above the $30,000 resistance zone. The price remained stable above the $32,500 level and traded in a positive zone. There was a clear move above the $33,500 level and the 55 simple moving average (4 hours). The price even rallied above the $34,000 resistance zone. However, the price seems to be struggling near the $35,000 zone. A high was formed near $35,157 and the price is now consolidating gains.

Memecoin PEPE Incinerates 6.9 Trillion Tokens, Triggering 33% Price Jump Amid Market Frenzy The crypto market has witnessed an extraordinary event in recent times, as over 6.9 trillion PEPE tokens were burned by the team behind the frog-themed meme coin. Traders reacted positively to the burn, with Pepe seeing an over 30% price increase. $5.5M Worth Of PEPE Tokens DestroyedThe PEPE project team has set fire to trillions of tokens. The team announced in a post on the X (formerly Twitter) platform that 6.9 trillion PEPE tokens, worth approximately $5.5 million, were burned. For those unfamiliar with the term, burning tokens permanently deletes them from the supply by sending them to dead-end wallets not controlled by any entity, making circulating tokens more valuable if demand increases.