#TrendingTopic SHIB Lead Shytoshi Kusama Doesn't Care If Bitcoin Hits $70,000, Here's Why.The mysterious lead of Shiba Inu known to the SHIB community under the alias Shytoshi Kusama has been unusually active on Twitter/X today.He has posted numerous bullish and optimistic tweets about Shiba Inu, saying that the team needs a new strategy and promising a big announcement coming next week. Full of enthusiasm, Kusama even tweeted that he and the SHIB army do not care if the world's flagship cryptocurrency, Bitcoin, is going to soar to $70,000.Bitcoin to $70,000?We actually don't care: Shytoshi Kusama.As Bitcoin has broken above the $65,000 level, social media personality with 2.2 million followers Andre Tate pointed out to the SHIB lead on X (Twitter) that it may go as high as $70,000. He jokingly added that he will then call everyone on Crypto Twitter "losers."Kusama quoted his tweet, stating, "Weactually don't care.” Within the past 24hours, Bitcoin has printed an impressive6.24% uptick, reaching a new high. At thetime of this writing, BTC is exchanginghands in the $65,300 zone. CryptoYouTuber Lark Davis has asked the Bitcoincommunity if they believe BTC may hit anew all-time high today. The previoushistoric peak was noticed close to the$69,000 mark in November 2021.Still, despite his tweet, Kusama later retweeted a chart posted by Bitgrow Lab founder about the approaching Bitcoin halving in April and the expected BTC price jump.Shytoshi Kusama made several major announcements.In the meantime, Kusama has published several tweets in which he made important announcements for the SHIB community. In one of them, Kusama stated that SHIB has come very close to Dogecoin in terms of market capitalization value – SHIB now holds the 11th spot, while DOGE sits in the 9th position on CoinMarketCap. He tweeted: "We must pause to assemble a strategy to overtake a large market cap though we have a stronger army.” Earlier today, Kusama stated on X that Shiba Inu remains a "Dogecoin killer" coin.#Write2Earn‬ #copied

As per a recent analysis, the chances of Bitcoin sliding under the $30,000 mark are slim. Things in the short term also look bullish. Historical data suggested that Bitcoin’s value will not go below a support level. BTC’s network activity remained robust, which was a bullish signal. Bitcoin [BTC] displayed a promising bull rally in October, surging by 22% and finally going above $37,000. At the time of writing, BTC was trading at $36,510.30 with a market capitalization of over $713 billion. Bitcoin’s price might not go below $30,000If the latest analysis is to be believed, the possibility of Bitcoin going under $30,000 is slim. Therefore, this might be the right opportunity for investors to stockpile BTC ahead of another bull rally.Willy Woo, a popular BTC analyst, recently posted a tweet revealing why BTCs might not go under that mark.In the analysis, Willy Woo used a contour map to map the BTC supply according to the price HODLers paid for their coins and how it changed over time. The dense horizon bands are price regions where much of the supply moved between investors, reflecting a strong agreed value. As per the tweet, whenever BTC had strong bands of agreed price while coming out of a bear market and leading into the next halving, the price never came back to retest this band of support. Put simply, investors might not see BTC’s price plummeting under $30,000 from now on. AMBCrypto further analyzed BTC’s liquidation heatmap, which revealed that BTC’s liquidation increased sharply near the $28,000 mark twice this year. Each time, the coin’s price moved up.Considering the strong support level, BTC might actually not go below that point in the future.Bitcoin is preparing for a bull rallyThe possibility of BTC initiating a bull run in 2024 is high, as the coin is expecting its next halving in April next year. Historically, BTC’s price has always reached new highs a few months after halving.To put that into perspective, let’s consider the previous halving, which took place in May 2020. Before the 2020 halving, BTC was trading somewhere between $8000 and $9000. However, only a few months later, the coin’s price skyrocketed and touched $35,000 in January 2021. The bull rally didn’t stop there, as the coin’s price reached $65,000 in April.While BTC prepares for its next halving, its mining sector continues to flourish. AMBCrypto checked Coinwarz’ chart and found that BTC’s hashrate has been increasing consistently over several months, clearly suggesting growth.A hike in hashrate also means a rise in the number of miners, which reflects their trust and confidence in the king of cryptos.Is there anything in store in the short term?While BTC’s future looks bright, investors’ hopes for BTC also increased. This was evident from the fact that the number of fish and shrimp wallets has increased substantially over the last few months.Surprisingly, the number of whale addresses did not change much during the same period. Not only accumulation, but the blockchain’s network activity also remained robust. AMBCrypto’s analysis of Santiment’s data revealed that BTC’s daily active addresses were consistent over the last three months. Another positive signal was its high velocity. Simply put, a higher velocity means that Bitcoin was used in transactions more often within a set time frame.AMBCrypto then took a look at BTC’s daily chart to better understand if investors should expect a price pump in the near term. As per our analysis, Bitcoin’s Relative Strength Index (RSI) registered an uptick.Read Bitcoin’s [BTC] Price Prediction2023-24Its Chaikin Money Flow (CMF) also followed a similar route, increasing the chances of a price uptick.However, not everything was perfect.BTC’s Money Flow Index (MFI) went down and was headed towards the neutral mark. The Bollinger Bands pointed out that BTC’s price entered a less volatile zone, suggesting that investors might witness a few slow-moving days.#copied #RichardTeng #TradingAlert #BTC #ETH