'Something sure feels like it's about to break' — 5 things to know in Bitcoin this week

  Shiba Inu price stands pat and is almost unchanged for the day after a volatile session on Monday. SHIB price uses the 55-day SMA as an anchor point with bulls and bears in distribution mode. Expect to see a drop back to $0.00002200 as bulls cannot make new highs against the high of Monday. Shiba Inu (SHIB) price had a whipsaw move on Monday during ASIA PAC , and during the European session price action remained subdued. Towards the US close, however, SHIB price finally printed positive numbers. Today, although positive, SHIB has issues moving to the upside as another round of dollar strength is putting a drag on SHIB price. Expect to see bulls giving up on their attempts and setting the scene for a 10% drop on the back of big-tech earnings from Microsoft and Alphabet after the US closing bell, which could possibly see a Netflix repetition like last week. Shiba Inu price saw a massive move on Monday as investors were quick to sell the fact and ejected any significant portions of ...

  'Something sure feels like it's about to break' — 5 things to know in Bitcoin this week Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has not happened since June 2020. As cold feet over the macro market outlook continues to be the norm, there seems little to comfort bulls as the week gets underway — and Bitcoin is not done selling off yet. On the back of $4,000 in losses over the past four days alone, price targets now focus on retests of liquidity levels further toward $30,000. It is not all doom and gloom — long-term hodlers and key participants such as miners are showing a more positive stance when it comes to Bitcoin as an investment. With that in mind, Cointelegraph takes a look at the forces at work when it comes to shaping BTC price action in the coming days. Asia woes overtake French election relief  The key ext...