Bitcoin, Shiba Inu and Terra – European Wrap 9 March [Video]

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Bitcoin price shows strength as it undertakes a quick, impulsive move toward a long-standing barrier. Ethereum, Ripple and other altcoins are following suit and also undergoing bullish expansions. Interestingly, this reaction in the major three could be a response to US Treasury Secretary Janet Yellen’s comments on crypto markets.

 

BTC/USD 1-day chart

Shiba Inu price set up three swing lows around a vital support level, giving rise to a triple bottom setup. This pattern forecasts a trend reversal and indicates that SHIB is due for a bullish outlook.

 

SHIB/USDT 4-hour chart

The Terra network’s native token LUNA has overextended its gains, and analysts predict a continuation of its uptrend. Staking rewards on the Terra network exceed Ethereum, making it the most popular blockchain for traders that stake crypto.

 

 

 

 



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