SHIB Price Chart Reveals Multiple Confirmed Bullish Patterns Hinting at 480% Pump Towards $0.000081 Price Target
- Bitcoin price hovers leading to analysts debating over next moves.
- Altseason is eagerly awaited and multiple altcoins show bullish signs.
- Analyst spots multiple bullish patterns for SHIB expecting a 480% price pump to $0000081.
Bitcoin (BTC) price hovers between $57,000 and $56,000 leading analysts to debate over the pioneer crypto assets’ next moves. The major consensus amongst the leading crypto community analysts is that Bitcoin price will see one more major dip before recovering back to its ATH and then soaring past it to set new ATHs.
What’s Next for Bitcoin (BTC)?
As to how much the price of Bitcoin will dip, the debate ranges every day. While some expect Bitcoin price to fall only to the $44,000 to $47,000 price mark, others expect a much lower low between $38,000 and $40,000. The latter does not expect Bitcoin to set a new ATH while others are certain new ATHs are simply on the horizon.
The Fear and Greed Index is sitting at 27, with the majority of the market feeling extremely bearish right now.
— STEPH IS CRYPTO (@Steph_iscrypto) September 4, 2024
But don’t forget, we’ve already been in a correction for 6 months.
A massive reversal is just around the corner! 💪 pic.twitter.com/3QI1Goe1zf
As we can see from the post above, one analyst highlights how the Crypto Fear & Greed Index is at a score that indicates Fear once again reflecting a turbulent sentiment in the industry. Yet, as the analyst confirms, the market has been in a correction phase for what he believes to be the last 6 months.
SHIB Could Lead Altseason Pump
Thus, he much like other analysts, believes a huge correction could be on the horizon. Most highly-anticipated however, is the fact that altseason will bring in new ATHs for a series of altcoins, many of which are already showing highly bullish signs . These assets include, Cardano (ADA), VeChain (VET), and Shiba Inu (SHIB).
https://x.com/JavonTM1/status/1831360059751686185
Specifically for SHIB, the analyst in the post above confirms that the asset has confirmed multiple bullish patterns with the RSI calling for a massive surge that’ll bring a price recovery of over 231% for SHIB. Holders can expect 2024 highs for SHIB once again. The analyst’s target of $0.000081 and a 480% is still in play.
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