Altcoins significantly weaken while the BTC price continues to hover around the $60,000 mark. We see this when comparing the ETH price to previous periods when BTC was at $60,000. The king of cryptocurrency is still lingering similarly to the $20,000 threshold at the start of the previous cycle. However, this has lasted longer than expected.
SHIB Predictions
BTC price tends to experience parabolic movements after halving. However, due to the ETF, this period occurred early and was quite short. Compared to previous cycles, the peak of $73,777 is not seen as the real cycle top. This means BTC price could experience parabolic rallies again before the year ends.
For 158 days, BTC price has fluctuated within a 20% range. Excluding the lower wicks, the area it is stuck in is quite narrow. The price, having tested the $70,000 threshold at least six times, is likely to revisit this area again before the month ends (based on the average time between previous attempts).
If BTC retests $70,000 as expected before the month ends, the Shiba Coin price could rise to the parallel channel support at $0.0000209. Depending on BTC’s price performance, the $0.0000264 threshold could also be tested, and if demand is strong, the $0.0000294 resistance could be surpassed, starting a new annual peak journey.
In the opposite scenario, if BTC searches for a new low and falls below $49,000, SHIB price could be pushed to the $0.0000115 resistance where the rise started.
DOGE Price Prediction
For the meme coin king, the target is clear: with closures above $0.1, it could climb to $0.142 and $0.153. If DOGE can stay above the resistance zone, new attempts at $0.23 are expected. In the opposite scenario, the $0.08 base could be where sales calm down.
ADA Coin Prediction
From the peak at $0.8, the ADA Coin price has been declining for the last 157 days. With continued closures below the $0.43 support, it is hard to talk about a real turnaround. In 2022 and 2023, ADA Coin was also around this level.
If sales continue and $0.43 cannot be surpassed, the decline could continue to the June 2023 low point of $0.223.
