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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/btc-stays-at-60000-as-altcoins-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC Stays at $60,000 as Altcoins Drop</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/institutional-investors-seize-bitcoin-opportunity" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) price remains steady around the $60,000 mark, while altcoins are witnessing a significant decline. Comparing the current Ethereum (ETH) price to previous times when BTC was at this level shows a marked weakening. Bitcoin, the leading cryptocurrency, mirrors its behavior from earlier cycles, particularly around the $20,000 threshold, although this phase has persisted longer than anticipated.</p>
<h2 id="what-are-the-predictions-for-shib">What are the Predictions for SHIB?</h2>
<p style="text-align: justify">Historically, BTC <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">prices</a> see parabolic rises post-halving. However, the introduction of an exchange-traded fund (ETF) has caused an early and brief spike this time. Unlike previous cycles, the peak of $73,777 is not considered the true cycle top, suggesting potential parabolic movements before the year concludes.</p>
<p style="text-align: justify">For the past 158 days, BTC has fluctuated within a 20% range, with a confined trading zone. The price has tested the $70,000 threshold multiple times and may revisit this area before the month ends, based on past trends.</p>
<p style="text-align: justify">If BTC re-tests $70,000 soon, Shiba Coin (SHIB) might rise to the support level at $0.0000209. Depending on BTC’s performance, SHIB could test $0.0000264 and potentially surpass $0.0000294, marking a new annual high.</p>
<h2 id="doge-price-outlook">DOGE Price Outlook</h2>
<p style="text-align: justify">For Dogecoin (DOGE), maintaining closures above $0.1 could push prices to $0.142 and $0.153. Should DOGE sustain above this resistance, further attempts to reach $0.23 are anticipated. Conversely, the price might stabilize around $0.08 if selling pressure continues.</p>
<h2 id="ada-coin-prediction">ADA Coin Prediction</h2>
<p style="text-align: justify">Cardano (ADA) Coin has been on a downward trend from its peak at $0.8 over the past 157 days. Persistent closures below $0.43 make a significant rebound unlikely. If the downturn continues, ADA could reach the June 2023 low of $0.223.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>Monitor BTC’s behavior around the $70,000 mark for potential altcoin movements.</li>
 <li>SHIB might see significant gains if BTC retests $70,000.</li>
 <li>DOGE’s price stability above $0.1 is crucial for further upward momentum.</li>
 <li>ADA’s price needs to surpass $0.43 to halt its current decline.</li>
</ul>
<p style="text-align: justify">In conclusion, Bitcoin’s price at $60,000 has caused notable weaknesses in altcoins like ETH, SHIB, DOGE, and ADA, each with distinct predictions and critical thresholds to watch. Investors should keep a close eye on BTC’s performance as it plays a pivotal role in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> trajectories of these altcoins.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/btc-stays-at-60000-as-altcoins-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC Stays at $60,000 as Altcoins Drop</a></h5>

BTC Stays at $60,000 as Altcoins Drop

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