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Mansoor Ali
@mabman
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$BTC Analysis Bitcoin Next Pull Back Towards $105K
Bitcoin (BTC) has achieved a monumental milestone, surpassing the $100,000 mark for the first time and currently trading near the $105,000 level. The daily chart indicates that the market structure remains highly bullish, suggesting the potential for BTC to extend its rally toward the $120,000 zone in the short term.
However, technical indicators reveal some cautionary signals. The Relative Strength Index (RSI) has entered overbought territory, reflecting heightened momentum but also hinting at a possible slowdown. Additionally, the 200-day moving average lags significantly behind the current price, trending near $70,000. This disparity increases the likelihood of a correction in the coming days, which could present a prime buying opportunity for investors looking to enter the market at a more favorable level.
While the uptrend dominates, traders should keep an eye on these key levels and market signals to navigate Bitcoin’s next move. Whether BTC con… 0 reply
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Shiba Inu $SHIB continues to solidify its position as a dominant player in the meme coin market, experiencing a remarkable surge of over 70% in the past 30 days, according to CoinMarketCap data. During this period, SHIB's price has fluctuated between $0.000016 and $0.000029, showcasing significant investor interest.
Market analyst Astekz has offered a bullish outlook for SHIB, suggesting that the coin might consolidate before making another upward move. In a recent post on X, he predicted that Shiba Inu could soon climb above $0.000045, reflecting its potential for further growth.
Additionally, TradingView data supports this positive sentiment. The SHIB price currently trades above its 10-day EMA of $0.000027, indicating ongoing bullish momentum. Moreover, the MACD level for Shiba Inu stands at 0.0000019, a value within the "buy zone," signaling a potential entry point for interested investors. These technical indicators suggest a favorable outlook for SHIB, reinforcing its position as a top meme coin. 0 reply
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