Bitcoin (BTC) is trading above the ten-day moving average, and the indication of the overall market strength is clear – an upcoming move. The strong rebound has pushed the Bitcoin (BTC) price again above $60,000, and analysts are saying it will continue to at least a new all-time high.
Shiba Inu (SHIB) has also rebounded, with the market leader currently trading at $0.000014, around 40% up from the recent low created by Shiba Inu (SHIB). Amid market recovery investors are also investing heavily in the futuristic sector coins like DTX Exchange. This article will discuss the recent price action around Bitcoin (BTC), Shiba Inu (SHIB), and DTX Exchange (DTX).
What you'll learn 👉
Bitcoin (BTC) Back Inside The Wedge Pattern
Bitcoin (BTC) topped on 14 March this year after the great bull rally; from then, it has been moving inside the wedge pattern, or you can call it a long flag pattern. However, Bitcoin (BTC) recently broke down the pattern and hit a price below $50,000. But after the recovery, Bitcoin (BTC) price is again showing strength with the price with the next major resistance at $64,000 and $70,000.
Despite the price recovery, Bitcoin (BTC) is still trading below the 50-day and 200-day moving averages, which indicates that the price is still under 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 Pattern
The second famous memecoin after Dogecoin, Shiba Inu (SHIB), is also showing signs of reversal. It is currently 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 Traders
There is no question that the DTX Exchange continues to rise as the most coveted exchange for active traders and investors. 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.
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