Since August 25, BTC has exceeded $65,000 for the first time. The daily peak is at $65,200 and we have seen a 23.77% increase since the September 6 bottom. The recent rise in BTC prices for altcoins is meaningful and supportive. It will not be easy to overcome the tough sell wall. So what are the current predictions?
Bitcoin and SHIB Rising
Bitcoin $63,645 price Although it has returned to $64,850 at the time of writing, it continues the day with a 2 percent increase. We talked about the strong seller liquidity at $65,000. Whales that remain strong above $63,000 are finally melting this wall. If the continuing rise to $65,200 can see closings above $65,000, it can bring the targets of 68,000 and 70,000. Macroeconomic data was supportive and China’s steps this week created a bullish environment for risk markets after the Fed.
Today’s favorite altcoin SHIB and continues the day with a 12 percent increase. The second largest targeting the $0.0000176 resistance meme coin If it closes successfully above this key area, $0.00002024 can be tested. Above this, the door will be opened to exciting peaks again after $0.0000260.
In the bearish scenario, the first target is 0.00001616 and SHIB may follow if BTC declines again towards $63,000.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
