The Bitcoin price has risen 1.5% in 24 hours and is above $29,900. With experts growing confident on a spot Bitcoin ETF clearance, investors are preparing for a significant volatility increase that might spark a new BTC bull cycle.

Shiba Inu and Pepe, meme currencies, are also gaining popularity during the bull run, rising over 8% and 13%, respectively.

New presale meme tokens are also rising, with Shibie Coin raising over $230,000 to become the next Shiba Inu.

Bitcoin Bounces Back As Market Recovers; New Bull Run?

Bitcoin recovered to approximately $29,900 after a short retest of $28.6K. BTC has risen 1.5% in 24 hours after upsetting investors with its unprecedented lack of volatility for weeks.

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Investors anticipate the token will continue to rise as $30,000 approaches, supported by its technical analysis. Daily technical analysis site TradingView provides the coin a Strong Buy signal.

BTC is outperforming most moving average indicators in that time frame and will try to break the 50-Day Simple Moving Average around $29.9K.

After the Moving Average Convergence/Divergence signal went green, expert trader @CryptoJelleNL is positive and expects $32K. He also expects a full-blown BTC bull run as the token has locked in the 3-day golden cross, which always precedes a new Bitcoin all-time high.

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MN Trading CEO Michael van de Poppe agrees, predicting a huge surge for BTC if it hits $27.7K. As the coin trades comfortably above it, another positive wave may follow.

Due to its tight correlation with the larger stocks market, which took a significant battering today, Bitcoin's rebound has startled some investors. Additionally, the US Dollar index is rising, which is usually bad for BTC.

However, investor confidence in the SEC approving a spot Bitcoin ETF may be boosting the cryptocurrency. Nine TradFi big firms, including BlackRock, with $15 Trillion AUM have filed for spot ETFs.

Bitcoin's optimistic situation depends on CPI inflation statistics, which will indicate whether the Fed will continue its aggressive monetary tightening.

As Shibie Coin Passes $200K, Meme Coins Rise

With joke coins like Shiba Inu, Bone, and Pepe rising, Bitcoin's gain has boosted the market.
The newly established Shibie Coin's presale has surpassed $230K in a week.
The token's excellent start is hardly surprising given its support from two of the biggest worldwide trends: the current Barbie movie shattering box office records and the robust Shiba Inu community.

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$SHIBIE is a low-cap jewel with a presale cap of $999,000 despite offering 60% of the token supply. Low-cap status may cause accelerated price increase, especially with optimistic market sentiment.

The project is also using 5% of the token supply for marketing to capitalize on Barbie craze and increase $SHIBIE's user adoption.
The coin has reserved 20% of its tokens for decentralized exchange liquidity and 10% for future centralized exchange listings to provide investors a pleasant trading experience.
However, the $SHIBIE presale ends in less than six days. To maximize earnings, investors should buy the token early by trading ETH, BNB, or USDT.