BTC, DOGE and SHIB Price Analysis for April 10
Bears prove to be more powerful than bulls on the last day of the week as most coins are in the red zone.
Bitcoin (BTC) is one of those coins that continues to trade in the green zone. However, despite the slight growth since yesterday, it has fallen by 8.31% in the past week.
Bitcoin (BTC) failed to top $44,000, meaning buyers may need more time to gather energy for further growth. Such a statement is also confirmed by the declining sales volume. In this case, the bullish scenario remains relevant if bulls can hold the vital $40,000. In another case, a decline towards the $32,871 support level is possible.
Bitcoin is trading at $42,557 at the time of writing.
DOGE is the biggest winner of today’s list as the price of the meme coin is up 3.62%.
DOGE has made a false break from the recently formed resistance level at $0.1731. The price has also slipped below another level at $0.1537, meaning rapid currency growth should not be expected. In this case, the most likely scenario is sideways trading in the $0.14-$0.16 range by the end of the month.
DOGE is trading at $0.1519 at the time of writing.
SHIB has been tracking the rise of DOGE and is up 2% in the last 24 hours.
Despite today’s growth, SHIB is neither bullish nor bearish in the medium term secnario as the price is in the middle of a broad channel between the support at $0.00001695 and the resistance at $0.00003523. The current weekly candle is about to close in red, meaning bears are in control at this point.
SHIB is trading at $0.00002460 at time of going to press.