Hopes of a BTC ETF approval sent Bitcoin charging toward a new all-time high and several altcoins are also breaking out of bullish setups.
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Hopes of a BTC ETF approval sent Bitcoin charging toward a new all-time high and several altcoins are also breaking out of bullish setups.
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Bitcoin remains strong above its recent breakout level, but several major altcoins are still under pressure until BTC reveals its next move.
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Analysts say Bitcoin has started its journey toward a new all-time high and the sideways action from altcoins suggests traders are shifting funds into BTC.
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The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.
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The Dogecoin spinoff sprinted past popular blockchain protocols like Stellar and Polygon to become an $11 billion crypto project.
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Bitcoin and select altcoins are facing selling at higher levels, indicating that short-term traders may be booking profits after the recent rally.
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SHIB is notably mirroring its mentor Dogecoin’s price moves from the Feb-April 2021 session, raising possibilities of dump ahead.
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SHIB’s 400% rally brings attention back to dog-themed meme tokens and it could be a sign that DOGE is on the verge of an equal-sized breakout.
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Over the past week, social memecoin DOGE has risen 25% above the previous psychological price threshold of $0.25.
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