TL;DR
- Bitcoin (BTC) hit $108K last week but dropped to its current $94K following Jerome Powell’s comments regarding the Fed’s interest rate policy for next year.
- Despite a 20% weekly dip to $0.32, analysts hint at a parabolic rally for Dogecoin (DOGE), though extremely high targets seem far-fetched.
- Shiba Inu (SHIB) fell 17% in the last seven days but shows signs of strength, with analysts eyeing a 20% rebound if key resistance levels break.
BTC’s Rollercoaster
Exactly a week ago, Bitcoin (BTC) made history, reaching a new all-time high of over $108,000. Nonetheless, the peak was short-lived and was followed by a substantial correction. On December 20, the price plummeted below $93K, but a day later, it climbed to almost $100K. The past few days offered another pullback, with BTC falling under $93,000 on December 23 and later rebounding to its current $94,000 (per CoinGecko’s data).
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