Shiba Coin continues to experience an 8% loss today, abruptly erasing its rapid gains. The decline in Bitcoin’s price has negatively impacted altcoins significantly. Enthusiasts eagerly await the onset of a rally, but for the past six months, their excitement has consistently turned to disappointment. What do the latest predictions hold for Shiba Coin? What do experts say about Bitcoin’s market forecasts beyond October 1st?
Shiba Coin Analysis
Shiba Coin is currently hovering at 0.00001775 dollars. As highlighted previously, the key support at 0.00002085 dollars has stymied bullish momentum. If we observe closing prices above this level, targets of 0.00002519 and 0.00002924 dollars could come into play.
The decline may reach the support zone at 0.0000166 dollars, after which a target of 0.00001432 dollars could be shaped, depending on Bitcoin’s price performance. The Bitcoin 
$62,769 price chart remains crucial, currently trending towards new lows around the 63,000 dollar mark. While potential lower wicks down to 61,700 dollars are possible, the sentiment for an upswing in October still holds the potential for a new attempt at 67,000 dollars.
Bitcoin (BTC) Forecasts
Today, we will review the latest analyses from three different experts regarding Bitcoin (BTC). First is Michael Poppe, who believes the current dips present a buying opportunity. He has set a target of 71,679 dollars but was disappointed by selling pressure at 67,000 dollars.
“Liquidity has exceeded recent highs and is returning. I believe we are in a new uptrend, meaning dips should be taken as buying opportunities.”
“In this sense, I would be interested in buying if we retest the 60,500-61,300 dollar levels ahead of the all-time high.”
Scott Melker also asserts that this decline presents an opportunity. He notes that Bitcoin has officially reached higher levels with a weekly close above 65,000 dollars. Currently, he is looking for buying opportunities during potential dips.
Lastly, Rager speculates that selling may deepen, targeting 58,000 dollars. He contemplates retracing to the channel’s midpoint before aiming for all-time highs.
