Today, Bitcoin continues to rise, linked to positive news about eased tensions with China. This article explores predictions for AVAX and Shiba Coin.
Bitcoin's Rise and Its Causes
Bitcoin's price is on the rise again, tied to decreasing tensions in relations with China. However, to strengthen its position, it needs to turn the $92,000 level into support. Investors often face false spikes, leading to uncertainty about the sustainability of the current growth.
Price Analysis of AVAX
The price of AVAX has climbed above the $21 mark, but for sustained growth, it needs to close above $21.85. If this happens, movement towards new peaks in the range of $23.4 to $27 can be expected. It is important for Bitcoin to maintain the $92,000 level as support.
Prospects for Shiba Coin
For Shiba Coin, a price above $0.0000128 would be positive, and if it can hold above $0.0000135, we might see attempts to reach the $0.0000147 range. The prolonged downward trend makes a potential price turnaround particularly significant.
Thus, the current positive signs in the cryptocurrency market, particularly Bitcoin's rise, may have a favorable impact on the prices of AVAX and Shiba Coin in the coming days.
