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Bitcoin (BTC) Can't Break $100,000, Dogecoin (DOGE) Can Sniff $0.5, Did Shiba Inu (SHIB) Form Hidden Cup and Handle Pattern?

Author: Content Editor
Bitcoin is struggling to break the $100,000 barrier and is facing strong resistance, with whales selling off their holdings. Profit-taking by long-term holders and short-term traders has also contributed to the selling pressure. The support levels at $84,000 and $93,000 are crucial, and a break above $100,000 could draw new buying interest, while a breakdown below these levels may lead to a significant correction. Dogecoin is approaching the $0.5 level, but a breakdown below its ascending channel could signal a major price decline. However, if it breaks above the channel's upper boundary, it could spark new interest and accelerate the upward trend. Shiba Inu (SHIB) is forming a cup and handle pattern, and it needs to overcome immediate resistance levels to validate the pattern and potentially see a bullish breakout. Strong support levels exist at $0.00002700 and $0.00002200. Volume confirmation is crucial for determining the strength of the breakout.

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