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Daniel The king
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Despite the initial recovery attempt engineered yesterday, Shiba Inu still trades below the pivotal 50-day EMA amid the Israel-Iran situation and market crash. Shiba Inu has been on a downward slope like the rest of the crypto market since April 9. Down 24% from its opening price on April 9, SHIB has breached multiple crucial support thresholds amid the price collapse, currently changing hands below the $0.000022 psychological support. The market saw a glimmer of hope yesterday after Bitcoin (BTC) retested the $59,700 support and Ethereum (ETH) touched the $2,960 level. Both assets recovered significantly, leading to a bullish response from the rest of the market, with Shiba Inu recording a 3.31% close to the day. However, the bearish pressure has returned this morning, resulting in a 3.82% drop in SHIB’s price today. This resurgence of selloffs was triggered by multiple factors surrounding the crypto market, unfavorable macroeconomic conditions, and geopolitical tensions.  #Megadrop #bitcoinhalving #Token2049 #BullorBear #SHIB💥

Despite the initial recovery attempt engineered yesterday, Shiba Inu still trades below the pivotal 50-day EMA amid the Israel-Iran situation and market crash.

Shiba Inu has been on a downward slope like the rest of the crypto market since April 9. Down 24% from its opening price on April 9, SHIB has breached multiple crucial support thresholds amid the price collapse, currently changing hands below the $0.000022 psychological support.

The market saw a glimmer of hope yesterday after Bitcoin (BTC) retested the $59,700 support and Ethereum (ETH) touched the $2,960 level. Both assets recovered significantly, leading to a bullish response from the rest of the market, with Shiba Inu recording a 3.31% close to the day.

However, the bearish pressure has returned this morning, resulting in a 3.82% drop in SHIB’s price today. This resurgence of selloffs was triggered by multiple factors surrounding the crypto market, unfavorable macroeconomic conditions, and geopolitical tensions. 

#Megadrop #bitcoinhalving #Token2049 #BullorBear #SHIB💥

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The Shiba Inu price is $0.00002208, a change of -1.33% over the past 24 hours as of 5:00 a.m. The recent price action in Shiba Read more... The shiba inu coin, or SHIB, is an ERC-20 token that fuels the Shiba ecosystem. #SHIB💥 #Megadrop #Token2049 #bitcoinhalving #BullorBear
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What Does the Halving Mean for Bitcoin's Price? Even though the general schedule of the halvings is known to the market beforehand, the 50% drop in the regular creation of new bitcoin is thought to lead to an alteration in the crypto asset's supply and demand dynamics. The bitcoin price has reached a new all-time high in the months following each of the previous three halving events. Analysts say that this bitcoin halving is different for a number of reasons and that a bitcoin rally may not ensue. The largest cryptocurrency by market capitalization hit a new all-time high this four-year cycle prior to the actual halving taking place for the first time in its history. Bitcoin demand from spot bitcoin exchange-traded funds (ETFs) was largely credited for the rally. Many analysts believe that a demand-supply mismatch thanks to greater demand from the ETFs and limited supply after the halving, could propel bitcoin prices higher. Analysts at Deutsche Bank say that the halving is "partially priced in" and that they do not "expect prices to increase significantly following the halving event." Other analysts are worried that higher-for-longer interest rates make riskier assets such as cryptocurrencies less attractive as Treasury yields remain elevated. "Whether BTC halving will next week turn out to be a 'buy the rumor, sell the news event' is arguably less impactful on BTC’s medium term outlook, as BTC price performance will likely continue to be driven by the said supply-demand dynamic and continued demand for BTC ETFs, which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action," Goldman Sachs analysts wrote in a note last week, according to Coindesk.2 Bitcoin is certainly suffering some pre-halving jitters. After creating multiple price records in March, the price of bitcoin has been in a more pronounced downtrend since April 8. #Megadrop #bitcoinhalving #BullorBear #Memecoins #Memecoins $BTC
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What You Need To Know Ahead of The Bitcoin Halving Bitcoin's next halving event is expected to take place Friday or Saturday. The event will halve the current bitcoin block subsidy from 6.25 to 3.125 bitcoin. Previous halving events sparked bitcoin price moves to new all-time highs in the months that followed. This time around, the price of bitcoin already surged to record highs last month ahead of the halving event, the first time that has happened. As bitcoin miner revenue declines over time, experts say the industry will need to move towards a model based on transaction fees rather than the issuance of new bitcoin. The bitcoin halving—in which the amount of newly issued bitcoin created roughly every ten minutes is cut in half—is expected to take place on Friday or Saturday. In the past, this event has been followed by a significant rise in the price of bitcoin, but analysts are divided over whether that will occur this time around. Bitcoin (BTC) already hit all-time highs above $73,000 last month, the first time record highs have been hit ahead of a halving event, though the price has retreated in recent weeks. On Thursday morning, bitcoin was trading around $63,500, after dropping below $60,000 on Wednesday. #Megadrop #bitcoinhalving #BullorBear #Memecoins $BTC
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Shiba Inu: AI Predicts SHIB Price For April 20, 2024 Shiba Inu is currently trading at the $0.000022 mark and mostly remained in the red this month in April 2024. The cryptocurrency did not attract bullish pressure this week like it did throughout March last month. SHIB spiked nearly 280% in March delivering massive profits to investors who took an entry position in January. The dog-themed cryptocurrency reaches a high of $0.000044 level before retracing in price thereafter. The bullish sentiments for SHIB no longer hold water and the fanfare has cooled down this month. SHIBis printing more losses this week than profits and is testing the patience of its investors. Now that SHIB is on the red side of the spectrum, should you invest in the cryptocurrency currently? In this article, we will highlight a price prediction for Shiba Inu for the next two days. #Megadrop #bitcoinhalving #BullorBear #Memecoins #SHIB💥
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Those who bought Solana at 127$ at my call, sell it at 140$ and prepare to buy low again. market will crash but not sure when. Don't panic . just manage your portfolio and have some USDT for buying when market crashes #bitcoinhalving $SOL #Megadrop #bitcoinhalving #BullorBear #Memecoins
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