Experts Hint Bitcoin to Moon This September; Savvy Investors Snag DTX Exchange and Shiba Inu For 10x Gains
- WBOYOriginal
- 2024-08-13 18:24:17437browse
Bitcoin (BTC) is trading above the ten-day moving average, and the indication of the overall market strength is clear – an upcoming move.
As Bitcoin (BTC) continues to trade above the ten-day moving average, indicating an upcoming move, several cryptocurrencies are showing promising price action. Among them are BTC, SHIB, and DTX.
Bitcoin (BTC) price showed strength on Monday as it continued trading above the ten-day moving average, indicating an upcoming move. After breaking down from the wedge pattern and hitting a price below $50,000, Bitcoin (BTC) recovered quickly and is now showing strength with the next major resistance at $64,000 and $70,000.
However, Bitcoin (BTC) is still trading below the 50-day and 200-day moving averages, indicating that the price is still in the beat territory. If the price trades above these resistance levels, we can see new highs in Bitcoin (BTC).
After topping on 14 March this year following a great bull rally, Bitcoin (BTC) started trading in a wedge pattern, also known as a long flag pattern.
From the all-time high on 14 March, Bitcoin (BTC) price broke down from the pattern and hit a price below $50,000, indicating a bearish move. However, after the quick recovery, Bitcoin (BTC) price again showed strength with the next major resistance at $64,000 and $70,000.
Shiba Inu (SHIB) price also showed a recovery on Monday as the market leader is currently trading at $0.000014, up around 40% from the recent low created by Shiba Inu (SHIB). Amid market recovery, investors are also heavily investing in the futuristic sector coins like DTX Exchange.
In this article, we will discuss the recent price action around Bitcoin (BTC), Shiba Inu (SHIB), and DTX Exchange (DTX).Bitcoin (BTC) Back Inside The Wedge PatternAfter hitting an all-time high on 14 March this year following a great bull rally, Bitcoin (BTC) started trading in a wedge pattern, also known as a long flag pattern.
From the all-time high on 14 March, Bitcoin (BTC) price broke down from the pattern and hit a price below $50,000, indicating a bearish move. However, after the quick recovery, Bitcoin (BTC) price again showed strength with the next major resistance at $64,000 and $70,000.
However, Bitcoin (BTC) is still trading below the 50-day and 200-day moving averages, indicating that the price is still in the beat territory. If the price trades above these resistance levels, we can see new highs in Bitcoin (BTC).
Shiba Inu (SHIB) Forming Bullish Reversal PatternBeing the second famous memecoin after Dogecoin, Shiba Inu (SHIB) price is also showing signs of a reversal as it continues forming a double bottom pattern, which, if completed, can lead the Shiba Inu (SHIB) price in a new territory.
All the short-term and long-term key moving averages will work as a resistance for Shiba Inu (SHIB) price. Moving upwards, $0.000016 and $0.000018 are two psychological levels that will resist the Shiba Inu (SHIB) price. Also, the overall market’s strength will decide the further price momentum in Shiba Inu (SHIB).
DTX Exchange Platform: Dream Come True For TradersWhen it comes to the most sought-after exchange for active traders and investors, there’s no question that the DTX Exchange continues to steal the show.
More importantly, it was a notable pre-sale that attracted over $1.2 million in attention. DTX Exchange is unique with its friendly trading interface and technology.
As a hybrid, the DTX exchange offers its users decentralized exchange attributes (such as security and privacy) combined with centralized performance standards. The trading assets count at this exchange goes well above 120,000 and processes the average execution speed of just about 0.04 seconds which makes it one heck of a versatile Exchange out there.
DTX Exchange provides services for both novice and expert traders, dealing in all asset classes. It is easy, secure, and confidential, executed in compliance with strict international financial regulations.
Additionally, the platform has a native ERC20 token, DTX, that makes transactions cheaper and faster, and it generates higher returns on investments with staking and arbitrage.
DTX Exchange is currently in the second stage of public offerings, and the tokens are priced at just $0.04. The launch price of these tokens is expected to be $0.12, making the current price a buyable opportunity.
Learn more:
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Visit DTX Website
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