Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Shiba Inu — Asian Wrap 22 January

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Bitcoin price struggles to sustain above $41,000 as whales strategically position for next BTC move

Bitcoin price declined throughout last week. The largest asset by market capitalization, is struggling to keep its head above volatile waters, at $41,000. At the time of writing, BTC price is $41,101. Crypto analysts expect a bounce from the current price level, if the asset fails to rally, further correction in BTC price is likely.

Dogecoin volume and social dominance hits 2024 peak as X launches dedicated payments account

Dogecoin on-chain metrics, volume and social dominance support a price recovery thesis for DOGE. Elon Musk’s social media platform X launched its dedicated payments account handle, @xpayments, fueling anticipation among DOGE holders regarding the cryptocurrency’s acceptance as payment.

Shiba Inu price eyes 12% gains as Shibarium inches closer to new milestone

Shiba Inu’s Layer 2 chain Shibarium is on its way to set a new record with the completion of 300 million transactions. Shibarium is the scaling solution in the SHIB ecosystem and the milestone could catalyze SHIB price recovery.

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Ripple stabilizes as support holds amid steady ETF inflows

Ripple pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the US and Iran exchanged fire.

Crypto Today: Bitcoin and Ethereum edge higher, XRP pares losses as US and Iran agree to resume talks

Bitcoin is showing renewed signs of recovery, approaching the $60,000 mark at the time of writing on Monday. Among altcoins, Ethereum is positioned for a potential breakout above $1,600, while Ripple continues to face bearish pressure, holding just above the key $1.00 psychological support.

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.

Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks

Bitcoin recovers slightly on Monday, trading above $60,000 after closing below the 200-week SMA the previous week. Market sentiment turned cautiously positive after the US and Iran agreed to halt attacks and renew peace talks.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.