Bitcoin News Today: Bitcoin Hovers Near $116K as WeWake Finance Presale Hits $578K

Bitcoin’s price continues to test key resistance levels, currently hovering near $116,000 amid mixed market sentiment and liquidity dynamics. Analysts and traders are closely watching the $115,500 to $116,200 price range, where repeated attempts to break out have been met with persistent sell pressure. This resistance zone has become a focal point for short-term trend analysis, particularly as Bitcoin remains below key moving averages [1].

Simultaneously, WeWake Finance is gaining traction in its token presale, currently in Stage 8. The project is nearing its $680,000 funding target, having already raised $578,645.66. At a current token price of $0.0205, investors are showing increasing interest in the platform, which is positioned to streamline blockchain adoption by reducing gas costs and simplifying onboarding [1].

WeWake Finance’s platform is designed to enhance user experience through its Layer 2 infrastructure. Users can access NFTs, tokens, and swaps without traditional transaction fees, as the network sponsors these costs. Additionally, the platform allows for easy login via Google, Apple, or Telegram accounts, further removing friction from the blockchain experience. These features place WeWake among the top crypto presales in 2025, particularly for projects focused on real-world user accessibility [1].

The WAKE token offers multiple utility functions within the ecosystem. Holders can stake tokens to sponsor gas fees for other users, earn cashback rewards for transactions and referrals, and participate in governance through DAO voting. WAKE also serves as DeFi collateral for borrowing and liquidity provision, providing additional value for frequent users [1].

With the Bitcoin price prediction nearing $117,000, the broader market remains in a holding pattern. A sustained breakout above $116,000 could potentially push the price toward $118,000 to $120,000, while weaker buying strength might lead to a retracement toward $112,000 support. Volume and liquidity metrics are being closely monitored to assess the likelihood of a successful breakout [1].

WeWake Finance’s progress in its presale reflects growing interest in Layer 2 solutions aimed at improving blockchain usability and reducing entry barriers. As Bitcoin traders watch for potential price movements, WeWake’s integration of gas sponsorship, governance tools, and DeFi utility positions it as a notable project in the 2025 presale landscape [1].

Source: [1] Bitcoin Price Prediction Nears $117K, WeWake Finance Presale Gains Momentum in Stage 8 (https://coinmarketcap.com/community/articles/68975434d649ad5700327396/)