fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Bitcoin, Solana and Shiba Inu – European Wrap 19 January

Is optimism among Bitcoin traders a signal of a bigger BTC breakout to come?

Bitcoin price climbed above the key $21,000 level on January 18, after the release of lower-than-expected US inflation data in the form of the Producer Price Index (PPI), fueled a bullish narrative for risk assets, including cryptocurrencies, among investors.

Solana Price Prediction: Buy the dip or end of bull rally?

Solana price shows a clear shift in the market structure after forming a local top at a crucial hurdle. This development has a chance of sliding lower and triggering a steep correction for SOL holders.

 

SHIB Price Analysis: Shiba Inu bulls drop ball, risking full rally unwind

Shiba Inu (SHIB) price action made a staggering jump of over 22% intraday between the low and the high point of Wednesday. Unfortunately, in a video webinar you can find on the FXStreet YouTube channel, warnings were issued on a repetition of Saturday, October 29 of last year, where price action jumped but deflated near the closing bell and saw more than half of its intraday profits evaporate. With plenty of bulls jumping on the breakouts on Wednesday, bears saw a window of opportunity to get back short, and pressure could start to build again to the downside. 

 

 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.