How High Can $SHIB (Shiba Inu) Go If $BTC Hits $100K?

As Bitcoin edges closer to the $100,000 milestone, crypto analysts are forecasting a potential parabolic rally for Shiba Inu (SHIB). If BTC breaks through this key psychological barrier, SHIB could climb to $0.000037, driven by strong positive correlation and bullish technical patterns.

Key Insights on Shiba Inu’s Potential Rally

1. Bullish Targets Identified

• Crypto analyst Rose predicts SHIB could rally to $0.000037372, provided it breaks out of its current consolidation zone.

• Key resistance levels to watch:

• $0.000031040

• $0.000034024

• $0.000037372

The accumulation zone lies between $0.00002387 and $0.00002541, offering an attractive entry point for investors.

2. Correlation With Bitcoin

• Data from IntoTheBlock shows a 0.88 correlation between SHIB and BTC, meaning SHIB’s price moves closely in line with Bitcoin.

• If BTC hits $100K, SHIB is poised for a significant rally.

3. Long-Term Potential

• Analyst Javon Marks believes SHIB is on track to revisit its all-time high (ATH) of $0.00008.

• Hidden bullish divergence and recent trends suggest a potential 3x price increase, with SHIB targeting a 215% rally to $0.000081.

4. Burn Rate & Whale Activity

• SHIB’s burn rate recently spiked by 4,500%, reducing supply and creating bullish sentiment.

• Whales have been actively accumulating SHIB, further supporting its potential price surge.

What’s Next for Shiba Inu?

If Bitcoin reaches $100,000, SHIB could break out of its consolidation phase and rally toward its bullish targets. With strong whale activity, increased burn rates, and Bitcoin’s momentum, SHIB remains a top asset to watch for short-term and long-term growth.

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