$BTC $ETH $SHIB #Bitcoinâ #etherreum #shiba⥠
Even with indications of increasing selling pressure, Bitcoin's price continues to rise đ. September is typically a bearish month for Bitcoin, but after a strong rally in September, the leading cryptocurrency is showing resilience, indicating that bulls are not ready to give up just yet đ.
The chart displays Bitcoin's steady ascent, surpassing significant resistance levels that had previously kept the price low for several months. Although there seems to be a slight correction, the price has recently retraced a bit from the $65,000 level. This recent dip appears to be a necessary correction that allowed Bitcoin to cool down before possibly starting to rise again đ.
The fact that Bitcoin has managed to maintain above important support levels like the $62,000 and $61,000 thresholds is a major factor in its strength. With the support provided by significant moving averages, these levels remain stable and limit any significant short-term decline. As long as Bitcoin continues to trade above these levels, the bullish outlook is sustained đ.
Alongside growing confidence in global markets, investors are increasingly viewing Bitcoin as a hedge and a high-performing asset đ . Despite the expectation of some volatility, the price action of Bitcoin indicates that the bulls are still in charge of the market đȘ.
Shiba Inu Revitalized
Shiba Inu is targeting a price of $0.00002, which may act as a crucial psychological and technical barrier for the meme coin đ. After a recent price spike driven by rekindled investor interest and increasing on-chain activity, reaching the $0.00002 mark may happen sooner than anticipated đ.
The upward momentum of SHIB is supported by multiple factors, including solid support discovered between the $0.000015 and $0.000016 levels. If SHIB can maintain above these levels, it is in a good position to aim for higher highs đ.
The recent spike in trading volumes and growing interest from institutional and retail investors lend credence to the $0.00002 price target. If the token can overcome nearby resistance levels, reaching this target becomes quite possible đ .
Ethereum at a Crossroads
Ethereum is currently trading at a critical level close to $2,638 âïž. After a significant decline earlier in the year, the asset is attempting to rebound, but the battle to maintain momentum is ongoing between bulls and bears đ».
The $2,600 mark, serving as immediate support, is one of the most important price levels to watch. If ETH can stay above this level, it may aim for resistance around $2,800, potentially paving the way for a larger comeback đ.
However, if Ethereum fails to hold its current levels, it may retreat to the $2,500 region or even lower, toward $2,400, where stronger support is located đ.
Ethereum's ability to stay above the $2,600 and $2,800 levels will be crucial to its performance in the near future. A rally toward $3,000 and higher is possible if bulls can muster enough momentum to push ETH above $2,800. But losing support could lead to a longer consolidation period and a deeper retreat.
