Crypto

Shiba Inu tests breakout from two-year downtrend pattern as October bullish hopes rise

Shiba Inu is raising expectations for an October rally after ending the third quarter up 39.3 percent, an unusual performance for a period that typically weakens. October has historically been strong for SHIB, though the average return is skewed by a 2021 surge. Technical signals have improved, with a breakout from a two-year falling-wedge pattern and signs of strengthening momentum. Markets are watching key resistance levels, large transactions and bitcoin’s trend.

Crypto

Fidelity says bitcoin holds $60,000 support, could hit $300,000 in 2029

Bitcoin could reach $300,000 by 2029, according to a forecast. Jurrien Timmer, director of global macro at Fidelity Investments, sees bitcoin finishing a localized weak phase and preparing for a long-term upswing. He highlighted $60,000 as a key support level and pointed to a double-bottom pattern around $57,742 to $60,033. Analysts also cite resistance around $82,000 to $86,000, with $82,500 as a breakout point toward $100,000, while warning of volatility.