Last Friday marked a significant milestone in the cryptocurrency sector as Bitcoin ($BTC) broke through the critical $30,000 mark for the first time since mid-April.

This surge comes amid a broader market recovery, yet many investors are now contemplating whether it might be too late to invest in Bitcoin.

Meanwhile, meme coin sensation Wall Street Memes ($WSM) continues to turn heads in the market – and has now raised approximately $11 million in its ongoing presale phase.

At the time of writing, Bitcoin is hovering around the $30,580 level after testing $30,000 as support on Monday.

This re-test as support has been viewed as a hugely bullish signal for Bitcoin since many believe it sets the stage for another upwards leg.

$BTC is now trading comfortably above the 20-day and 50-day Exponential Moving Averages (EMAs), which hasn’t happened since mid-March.

Additionally, price is creating a bull flag pattern on the 4H price chart, which coincides with the re-test of the $30,000 level.

These patterns tend to form immediately before a bullish surge – adding more confluence to the upwards hypothesis.

According to information sourced from CoinGlass, Bitcoin is poised to register its highest monthly return for June since the spectacular rise in 2019, where the cryptocurrency witnessed a 26% price increase.

CoinGlass data also shows that the open interest on exchange $BTC futures contracts has rocketed in the past week – indicating heightened interest in Bitcoin’s price movements.

As Bitcoin stabilizes above the $30,000 level, investors are questioning whether they’ve missed the boat when it comes to $BTC bullishness.

However, long-term believers in Bitcoin view the current price not as a peak but as a significant milestone on a more extended upwards push.

The robust monthly return for June and escalating open interest in futures contracts suggest that the market’s interest in Bitcoin is far from waning.

Prominent analysts are also having their say on whether Bitcoin is poised for further growth – with Crypto Tony tweeting that he expects $BTC to hit $32,000 by the end of the week.

Jelle, who boasts over 36,000 followers on Twitter, also posted an analysis of Bitcoin’s current situation and highlighted that price is now breaking out to the upside.

Ultimately, while the prospect of investing in Bitcoin may seem daunting to some, the current market sentiment leans towards a positive outlook – presenting an exciting opportunity for those on the sidelines.

Although the spotlight is firmly on Bitcoin, several up-and-coming altcoins are vying for center stage.

One of these altcoins is Wall Street Memes – a pioneering meme coin project from the creators of the ultra-successful Wall St Bulls NFT collection.

Wall Street Memes ($WSM) is a new meme coin that has gained significant attention in the crypto community over the past month.

The project raising well over $10 million within just one month of it public token sale – which began in late May – highlights the colossal support from the retail trading community.

This community comprises over 1.1 million people, spread across social media platforms like Twitter and Reddit.

Wall Street Memes’ team aims to “tokenize” this community using $WSM, which investors can buy at a discounted price through the presale.

Per Wall Street Memes’ whitepaper, the project’s creators have plans to launch $WSM on Tier-1 exchanges later this year – and are even targeting a $1 billion market cap for the token.

Naturally, these aspirations have piqued the interest of traders worldwide, leading to exponential growth in the Wall Street Memes Telegram channel.

Many early investors now believe that $WSM could be the next big thing in the meme coin market, mirroring the success of Dogecoin ($DOGE) and Shiba Inu ($SHIB).

Overall, Wall Street Memes’ ambitious plans have set the stage for $WSM to be a massive success in the coming months – which will be music to the ears of early presale investors.

Visit Wall Street Memes Presale

The post Too Late to Buy Bitcoin at $30k? $WSM Presale Hits $11 Million appeared first on BeInCrypto.

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