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Shiba Inu to eat another zero as it targets new all-time highs – FXStreet

FXStreet Team FXStreet Team
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A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate how SHIB could be about to resume its uptrend.
 
 

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Bitcoin price has prematurely triggered a minor run-up, leaving its downside objective unfulfilled. Therefore, investors can expect BTC to slide lower and collect liquidity below a significant level before triggering a full-blown impulse move.
Shiba Inu (SHIB) price looks heavy in ASIA PAC as investors are again reassessing the situation after the sigh of relief following Facebook’s earnings on Thursday. 
Peter Brandt is a legendary crypto trader and analyst. Brandt has accurately predicted significant events like the Bitcoin price crash of 2018, and the analyst has observed similar trends in the current market. 
One of the world’s largest cryptocurrency exchanges, Coinbase revealed plans to take steps to get rid of information asymmetries that allow users to guess altcoins getting listed on the exchange. 
Bitcoin is likely to slide below $37,699 to collect liquidity before heading higher. BTC has prematurely triggered a minor run-up, leaving its downside objective unfulfilled. Investors can expect BTC to slide lower and collect liquidity below a significant level before triggering a full-blown impulse move.
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