The current situation in the cryptocurrency market remains tense. Bitcoin, Ethereum, and Shiba Inu show different trends relevant to traders and investors.
Bitcoin at Risk
Currently, Bitcoin is facing serious difficulties. Data indicates that the price is at risk of falling below the $100,000 mark, which serves as a crucial support level. BTC managed to reach $110,000 after a drop, but this did not provide the necessary momentum for further growth. Analysis shows that Bitcoin continues to sit below its 50-day moving average, calling into question short-term bullish prospects.
Ethereum on the Rebound
Following a recent spike to $5,000, Ethereum is currently consolidating at $4,300. Experts believe that if ETH can hold the $4,000 level, this may lay the foundation for a potential recovery. The slowdown in trading volumes also indicates market cooling, although such situations can precede new buying opportunities.
Shiba Inu's Growth Potential
Shiba Inu (SHIB) is currently in a symmetrical triangle pattern, indicating an impending increase in volatility. With the current price at $0.0000123, key levels remain the upper triangle boundary and the 200-day moving average at $0.0000140. Traders are passive, waiting for a call to action, as market sentiment unpredictability can significantly influence prices.
In conclusion, Bitcoin, Ethereum, and Shiba Inu are at different stages of price dynamics. Investors should closely monitor key levels and moments that could lead to significant price movements.
