NOIDA (CoinChapter.com) — Bitcoin (BTC) remains a focal point as price volatility and ongoing debates over its forks shape market sentiment. PEPE has seen sharp fluctuations amid exchange listing rumors, while Ultima is pushing for adoption in a competitive space. Macroeconomic factors like inflation and regulatory uncertainty continue to drive risk appetite across digital assets.
BTC is consolidating near its recent highs, while its forks—Bitcoin Cash (BCH) and Bitcoin SV (BSV)—reflect the network’s long-standing division. BCH and BSV advocate for larger block sizes to enhance scalability, challenging Bitcoin Core’s (BTC) focus on decentralization and security. Meanwhile, PEPE capitalizes on speculative momentum, with whales accumulating ahead of potential exchange moves. Ultima aims to carve its niche, but its adoption remains in question.
The broader crypto market remains split between innovation and stability. BTC’s forks highlight an unresolved debate over the network’s future, while newer tokens test investor confidence.
Bitcoin Forks Debate Heats Up But BTC Prices Remain Cold
Bitcoin’s forks have fueled debates over scalability and decentralization. Bitcoin Cash (BCH) split in 2017 to increase block sizes for faster transactions, while Bitcoin SV (BSV) pushed for further scalability, claiming alignment with Satoshi Nakamoto’s vision. Bitcoin Core (BTC) prioritizes smaller blocks, citing security and decentralization.
These differences complicate asset management, as each fork distributes new tokens to BTC holders. While BCH and BSV push for higher transaction throughput, BTC maintains dominance, emphasizing its original protocol. The divide underscores ongoing friction between efficiency and Bitcoin’s foundational principles.
Bitcoin is struggling to maintain momentum, currently trading near $96,056 after facing multiple rejections from the 20-day EMA (red) trendline. The price remains below the $100,700 resistance, which aligns with the 0.618 Fibonacci retracement level, reinforcing the bearish pressure.
A stronger resistance lies near $107,330, with a breach above this level required for a sustained bullish continuation.
BTCUSD daily price chart with RSI. Source: TradingviewOn the downside, $91,660 serves as immediate support, followed by $85,950, where significant buying interest is visible in the volume profile. A deeper correction could drive the price toward the $76,000 zone if BTC fails to hold these levels.
Exponential Moving Averages (EMAs) indicate weakening bullish momentum. The 20-day EMA is flattening, while the 50-day (purple) and 100-day (blue) EMAs converge, suggesting consolidation or potential downside risk.
The Relative Strength Index (RSI) at 43.26 indicates neutral to weak momentum, with a downward trajectory suggesting increased selling pressure. If the RSI drops below 40, BTC could face accelerated downside movement.
Bitcoin remains in a consolidation phase, with resistance at $100,725, keeping bullish attempts in check.
PEPE Price Action Has Traders Turning Bearish
Crypto trader NigmaEra highlighted on X that PEPE has dropped 70% from its all-time high (ATH) and is now trading at levels last seen over 130 days ago. The broader downturn in the meme coin sector has contributed to this decline, reinforcing bearish sentiment.
NigmaEra suggests that PEPE’s movement could set the trend for the rest of the market, making its next move critical for investors.
Traders highlighted that the PEPE price is struggling near support.Furthermore, another trader, Kwantxbt, noted that PEPE is consolidating at the 0.000001 support level, with RSI at 37, indicating oversold conditions. The MACD suggests a potential reversal, but volume remains low, limiting bullish momentum.
With PEPE’s influence on the broader market, traders would likely closely monitor price action and volume inflows.
PEPEUSD daily price chart with RSI. Source: TradingviewPEPE price is trading near $0.00000977 after failing to turn its recent uptrend into a rally. The price consolidates below the 0.00001064 resistance, aligning with the 0.618 Fibonacci retracement level. Breaking and consolidating above the immediate support could help PEPE coin price target the stronger resistance near $0.00001191.
On the downside, $0.00000815 serves as immediate support, followed by $0.00000772. A breakdown below these levels could push PEPE toward the 0.00000700 zone, where further downside acceleration may occur.
The Exponential Moving Averages (EMAs) indicate continued weakness. The 20-day EMA (red) remains below the 50-day (purple) and 100-day (blue) EMAs, reinforcing bearish sentiment. Moreover, the 50-day EMA has crossed below the 200-day EMA (green) to form a death cross, a bearish indicator that could drive traders away from PEPE.
The Relative Strength Index (RSI) remained neutral, with a score of 37.11, close to the oversold region, but no strong reversal confirmation has emerged. A sustained move above 40 could indicate early bullish momentum.
ULTIMA Turns Out Feb. 2025’s Ultimate Winner
While Bitcoin consolidates and PEPE struggles against bearish pressure, ULTIMA price has been on a massive run. In Feb. 2025, Ultima (ULTIMA) experienced a notable price surge, continuing its 2025 bull run that saw the token surge nearly 245% to reach a new ATH near $22,880 on Feb. 14.
The upward movement is partly due to the upcoming second ULTIMA halving scheduled for February 2025, which will reduce liquidity pool distributions by 50%, effectively decreasing the token’s supply.
Additionally, the extension of BOOSTER 3.0 contract payments until Feb.14, 2025, likely incentivized token freezing on the SMART Blockchain, allowing participants to earn daily rewards and retrieve their frozen tokens after one year.
Furthermore, social media hype has helped the token’s rally. Market sentiment analysis indicates a strong positive outlook, with several bullish posts on platforms like X.
ULTIMA USDT daily price chart with RSI. Source: TradingviewThe post Bitcoin’s Fork Wars, PEPE’s Fall, and ULTIMA’s Meteoric Rise: Top Cryptos To Watch Today appeared first on Coinchapter.
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