LBANK INFO CRYPTOCURRENCY

The Bitcoin price struggles continued over the past week, reflecting the largely pessimistic sentiment in the digital asset market in the month of October. The premier cryptocurrency dropped beneath the psychological $110,000 level despite the interest rate cut decision by the United States Federal Reserve on Wednesday, October 29. The tame reaction of the Bitcoin price—and other large-cap assets—has raised concerns about the viability of the crypto market in the current cycle. Nevertheless, a prominent blockchain firm CEO has predicted that, although the bull cycle might be coming to an end, the market leader might just be days away from a new all-time high price. BTC Could Peak Between $143,000 – $146,000: CEO In an October 31st post on the X platform, Alphractal founder and CEO Joao Wedson revealed that the price of Bitcoin could run up to a new all-time high in the short term. The crypto expert put the potential cycle peak for the flagship cryptocurrency at a price between $14...

Shiba Inu appears to be repeating a familiar market structure, according to a recent technical analysis shared by crypto trader IncomeSharks on X. The analyst highlighted how SHIB’s price history over the past two years reflects a cyclical pattern of short-lived rallies followed by prolonged downturns. At the time of writing, SHIB is trading around $0.00001007, showing little momentum to break free from its extended bearish grip. Is Shiba Inu’s Market Structure Looking Bearish? The analyst’s daily candlestick timeframe chart, which tracks Shiba Inu’s daily price action since early 2024, presents a visual timeline of its repeated boom-and-bust movements in recent years.  The first major phase came in early 2024 when SHIB experienced a rapid one-month surge, its biggest move during the observed period. This move took place in just one month and saw the Shiba Inu price break above $0.00004. However, this bullish stretch was quickly followed by a six-month decline between March an...