BTC finds buyers near $37,300 as the weekend approaches. It has been a challenging week with the Binance settlement, Kraken lawsuit, and Fed minutes keeping the alarms ringing. So, has the anticipated rise for Shiba Coin investors begun? What does the current chart tell us?
Bitcoin Current Situation
The price of Bitcoin, which reached $37,861, once again bounced back from resistance without significant losses. This is relatively positive. On the other hand, Filbfilb, the co-founder of DecenTrader, emphasized in his latest assessment that there are no strong signals for a move towards $40,000 or $33,000. Investors are divided at this point.
Samson Mow, the CEO of JAN3, says that now that the ETF approval is almost certain, even six-figure targets are considered low for Bitcoin. According to the expert, those who remain cautious about the rally in Bitcoin’s price may be in for a big surprise.
Shiba Coin Reviews
Let’s take a look at Shibarium, which was expected to be a major rally catalyst regardless of the price but turned out to be disappointing. The tables below indicate that active users are once again at a low point. Only 18 new users joined the network yesterday. This shows that the highly anticipated L2 solution is being overshadowed by its numerous competitors. A major disappointment for Shiba Coin investors.
After reaching a peak of $0.0000096, the price of Shiba Coin dropped back to $0.0000080. Although it crossed the mid-level of the parallel channel, the long tail here highlights the profit-taking by investors who do not believe in a real comeback.
The second-largest meme coin is now fluctuating between $0.0000076 and $0.0000085. As belief in Bitcoin’s short-term resistance weakens, Shiba may see closings below $0.0000075 again. There is no Shibarium support, and the team has not provided any product announcements to support the price, even though it is in the hype zone. This is not the usual situation.
Due to the holiday until Monday, we can expect shallow volatility to continue and the price to linger in a narrow range. However, we should not forget that surprises abound here, as we have seen significant movements when the coming days were expected to be calm.
