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Cryptocurrency News Articles

Bitcoin Tests $94K, Dogecoin and Shiba Inu Move in Different Directions

Nov 20, 2024 at 01:44 pm

Bitcoin reached a new high today, testing $94,000, but has pulled back from that level. It is currently trading above $92,000.

Bitcoin Tests $94K, Dogecoin and Shiba Inu Move in Different Directions

Bitcoin (BTC) price encountered resistance at $94,000 on Apr 22 and pulled back from that level. BTC price is now trading above $92,000. Major altcoins, including Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE), saw slight fluctuations, while Shiba Inu (SHIB) lost value.

Bitcoin price pulled back from the $94,000 resistance on Apr 22 and dropped toward the $92,000 support. BTC price recovered from that level and began a fresh上涨趋势. The next major resistance for BTC is seen near the $95,000 level.

Ethereum price also saw a minor decrease and slipped below the $3,100 level. ETH price is now facing resistance at $3,150, and a clear break above this level could send the price toward the $3,200 zone.

Solana price encountered resistance at $247 and declined below the $240 level. SOL price is now showing signs of weakness and could continue to trade lower in the near term.

Dogecoin price showed some buying interest and rose above the $0.38 resistance. DOGE price is now facing resistance at $0.39, and a clear break above this level could send the price toward the $0.40 zone.

Shiba Inu price declined and slipped below the $0.00002450 level. SHIB price is now showing signs of weakness and could continue to trade lower in the near term.

Overall, the crypto market is showing signs of consolidation after the recent rally. Bitcoin price is still trading strong and could attempt another breakout above the $94,000 resistance in the coming sessions.

News source:kriptokoin.com

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