With Bitcoin (BTC) sitting at a $60K price pedestal again, the market is trying to come back to life, with altcoins poised to gain momentum steadily.
The “Uptober” hues are also ready to impact the current market momentum, tilting investor sentiment to keenly explore the coins with great interest and appeal. Here’s how Shiba Inu (SHIB) and Bitcoin (BTC) may perform in the middle of this month.
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SHIB & BTC Price Projections For Mid-October 2024
Bitcoin (BTC) Price Analysis
Bitcoin is steadily gaining its strength back. BTC had recently tanked below $60K but recently covered its pace. The king of cryptocurrencies is currently sitting at $60K, showing signs of a possible upswing shortly.
According to CoinCodex, Bitcoin may surge remarkably by October 15 if the market sentiment continues to support its upward ascent. CC later shares that BTC may trade around 22% for $74,751.
The portal shared how BTC may claim a new ATH of $88K by the end of this month.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 42.06% and reach $ 86.540 by November 9, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 39 (fear). Bitcoin recorded 16/30 (53%) green days with 3.90% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a bad time to buy Bitcoin.”
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Shiba Inu Price Forecast
Shiba Inu is one of the leading meme coins available in the market right now. SHIB is brewing major developmental changes, including launching facilities like SHIB DeFi, SHIB Marketplace, and SHIB Socials shortly. With such stunning innovations underway, SHIB may surge 112% to hit a new price of $0.00003629.
According to CoinCodex, SHIB may end the month on a slightly modest note. By the end of October 2024, the token may be at $0.00001720.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 0.51% and reach $0.00001720 by November 9, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 39 (fear). Shiba Inu recorded 15/30 (50%) green days with 13.69% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
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