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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – American Wrap 23 March

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – American Wrap 23 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price lures short-sellers before pulling the rug and returning to $50,000

Bitcoin price continues to press higher and higher, shaking off multiple intraday sell-off attempts with responsive buying pressure. However, as the week transitions to Thursday and Friday, the importance of where Bitcoin closes on the weekly chart becomes more and more critical. 

Ethereum price to wreck short positions with a 20% jump

Ethereum price action continues to be bullish with strong buying pressure pushing ETH close to yesterday’s high. More importantly, however, is Ethereum’s proximity to completing an extremely bullish breakout signal in the Ichimoku Kinko Hyo system. 

Shiba Inu price readies to breakout after 1 billion SHIB burned

Shiba Inu price could recover from the recent drop in price as the community and merchants send SHIB to the burn pot. Over 1.02 billion SHIB tokens were burnt in a 24-hour period on March 22, 2022. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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