SHIB

SHIB AI Trading (Date: 2025/04/16 02:00 UTC) decision background is summarized.

Technical Analysis

Looking at the Bitcoin chart over the last 300 days, the current low is shown at 0.0173. This price level has acted as a significant support point over the past few weeks, which can be interpreted as a buying opportunity.
The MACD indicator is crossing above the moving average line, signaling a buy signal. Accordingly, the current upward trend is likely to continue. The RSI indicator is in the range of 30% to 50%, indicating a potential for recovery from the oversold condition.
Additionally, it can be confirmed that it is approaching the upper Bollinger band, which is interpreted as a signal that the price is ready to rise again.
Therefore, it is advisable to enter at this time, and a strategy of buying at specific support lines and waiting would be advisable.

Summary of External Factors

The recent trend in the cryptocurrency market is influenced by various factors. In particular, changes in the global economy, interest rate hikes, and inflation concerns are putting pressure on the cryptocurrency market. However, for notable cryptocurrencies like Bitcoin, as the second halving approaches, many investors are returning to buying activities. This background has reached a point where there are many major news and events that could lead to price increases. The long-term outlook for the market remains positive, especially as institutional investors see Bitcoin as an effective hedge and are regaining interest.
Overall, while short-term volatility is expected to continue, the cryptocurrency market is likely to receive more positive signals in the medium to long term.