Bitcoin Surpasses 65,000 Dollars and SHIB Sees Promising Gains

Since August 25, Bitcoin (BTC) $107,396 has surpassed the 65,000-dollar mark for the first time. It reached a daily peak of 65,200 dollars and has seen an increase of 23.77% since the low on September 6. This recent rise in BTC price is significant and supportive for altcoins, although overcoming the challenging sell wall will not be easy. What do the current forecasts indicate?

Bitcoin and SHIB Rise

Bitcoin’s price has returned to 64,850 dollars while continuing the day with a 2% increase. We previously mentioned the strong selling liquidity at the 65,000-dollar level. Whales staying strong above 63,000 dollars are finally breaking through this wall. If the rise continuing at 65,200 dollars can maintain closing prices above 65,000 dollars, it could pave the way for targets of 68,000 and 70,000 dollars. Macro-economic data has been supportive, and China’s recent actions have created a bullish environment in risk markets following the Federal Reserve’s lead.

Today’s popular altcoin, SHIB, has increased by 12%. It is targeting a resistance level of 0.0000176 dollars. If this significant area can achieve successful closings above it, the price could test 0.00002024 dollars. Further above that, a price of 0.0000260 dollars could open the door to exciting peaks.

In a declining scenario, the first target is 0.00001616 dollars, and if BTC retraces to 63,000 dollars, SHIB may follow suit.