As the weekly closing approaches, Bitcoin makes efforts to maintain the critical $85,000 mark. This sets the stage for price forecasts for cryptocurrencies like XRP, SHIB, and Pi Coin.
Current Market Situation for Bitcoin
Currently, Bitcoin is attempting to hold the crucial support level of $85,000. Surpassing the resistance at $87,000 will confirm a potential bullish trend. A confirmed upward movement will pave the way for further price achievements in the market.
Ripple (XRP) Analysis
The recent conclusion of the legal case for XRP ended with mixed news. Although the resolution was positive, the price failed to break above $3 due to lowered risk appetite caused by implemented tariffs. Market stabilization and delayed pricing of positive news are expected from April. With legal barriers cleared, XRP is focused on future partnerships and Ripple's IPO potential.
Review of SHIB and Pi Coin
The largest meme coin by market cap, SHIB, reached a local bottom at $0.00001096. Considering the current consolidation, reaching $0.00001587 is possible if it closes above $0.0000139, leading to a potential 110% rally. Pi Coin faces challenges reaching the $0.8739 target and maintaining $1 as psychological support. Those spotting short opportunities can profit, while a general market rise could lead to a spike towards the $1.70 area.
Current developments in the cryptocurrency market define resistances and opportunities for investors in the context of cryptocurrencies like XRP, SHIB, and Pi Coin. Careful tracking of resistance and support might become key in shaping an investment strategy.
