Giggle Fund’s GIGGLE token has extended a decline to a 71% drawdown since November, now trading near the lower boundary of a falling wedge around the $70 support area. If this level fails, price could retest the $47.30 zone that previously absorbed liquidity, while broader memecoin weakness and rising BTC dominance continue to pressure upside attempts.

Bitcoin held the $92,700–$93,000 area but repeatedly met resistance near $94,000, leaving upside momentum uncertain. Retail optimism increased even as price stalled, while bearish RSI divergence pointed to fading strength. A clear break above $96,500 could tilt the bias toward a reclaim of $100,000, with $105,000 still identified as the upper objective.

Bitcoin has gained approximately 12% since December 1, 2025, when the Federal Reserve officially ended its Quantitative Tightening program. The advance coincides with inflation data from Truflation showing a year-over-year rate of 2.45%, down from 2.7% in November. Markets are pricing in an 87.2% probability of a 25 basis point rate cut at the upcoming Federal Open Market Committee meeting, according to CME FedWatch.