Bitcoin has struggled to reach the $100,000 threshold due to substantial market liquidations totaling $1.58 billion. Selling pressure from leveraged longs has created a difficult environment for upward movement. Despite this setback, Bitcoin's overall structure remains bullish, and support levels at $94,000 and $85,000 could contribute to a strong recovery if tested. Dogecoin has suffered a setback and dropped below the critical $0.40 level, indicating a change in sentiment. It needs to stay in support levels of $0.31 and $0.27 to prevent further losses. Shiba Inu has also experienced a decline, breaching important support levels and facing bearish pressure. It needs to recover above $0.00002800 to restore bullish momentum.
- Content Editor ( u.today )
- 2024-12-11
Bitcoin (BTC): $100,000 Not Forgotten, Dogecoin (DOGE) Loses It, Shiba Inu's (SHIB) Catastrophic Drop: What's Next?