Shiba Coin continues today with an 8 percent loss and suddenly erased its rapid gains. Bitcoin $63,953 The drop in price affected altcoins extremely negatively. Investors are excitedly waiting for the rise to begin, and their excitement has been stalled every time for 6 months. So what are the current predictions for Shiba Coin? What do experts’ latest market predictions for BTC tell us for October 1 and beyond?
Shiba Coin Review
Shiba Coin At the time of writing, it is stalled at $0.00001775. As we have noted many times, the parallel channel support at $0.00002085 was a key point that stopped the bulls. If we could see closings above it, the $0.00002519 and $0.00002924 targets could come to the fore.
We can see that the decline continues until the support zone at $0.0000166, then $0.00001432 can be targeted depending on BTC price performance. What is decisive for now is the Bitcoin price chart, which is now moving to new lows in the $63,000 region. Although it is possible that we will see lower wicks up to $61,700, there is still the potential for a new attempt at $67,000 due to the bullish sentiment in October.
Bitcoin (BTC) Predictions
Today, 3 different cryptocurrency analysts Bitcoin (BTCWe will discuss the final graphs for ). Michael Poppe is first in line and argues that declines are still an opportunity to buy. The analyst, who targeted $71,679, was disappointed with sales coming in at $67,000.
“It has pushed liquidity above recent highs and it is coming back. I think we are in a new uptrend, which means dips are for buying.
In this sense, if we make a retest at $60,500-61,300 levels, I would be interested in buying before ATH.”
Scott Melker is also among those who argue that this decline is an opportunity.
“Bitcoin It also officially reached a higher level on a weekly basis, closing above $65,000. Now, we’re looking for dips to buy as we potentially make another higher low. “Altcoins look largely the same and are backtesting their own key breakout resistances as support.”
Last place Rager thinks the sales may deepen further and targets $58,000. The name, which is considering withdrawing to the middle area of the channel, then targets the ATH level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
