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Cole Garner: Next Month You'll Get Me! Bitcoin, Shiba, XRP and Dogecoin Review!
Popular cryptocurrency commentator Cole made an ambitious prediction. Analyst points to next week. BTC price finds buyers at the $ 29,000 limit at the time of writing. The dominating FUD has undermined investors' risk appetite, and lack of volume is feeding shallow volatility.
Will Bitcoin Increase?
Market analyst Cole Garner thinks that Bitcoin is preparing for a classically styled “full bull” phase. In his social media analysis on August 6, he said that a big uptrend is in store for both Bitcoin and the broader crypto market. According to Garner, the volatility among whales, the largest volume group of Bitcoin investors, is good reason for optimism.
“Whale accumulation trends are the backbone of a bull market”.
Not only whales, but also smaller investor groups are increasing their BTC holdings. In the sequel, popular technical analyst CryptoCon called the whales “diamond hands” thanks to their behavior during the current cycle.
“The small investor-to-whale ratio is rising in full force. What does it mean? Investors (smaller groups) selling this cycle (2022 – 2023) only hold whales”.
It all depends on the 200-week moving average of the BTC price.
BTC price could continue to rise unless it closes below its 200-week simple moving average ($27,235).
Shiba, XRP and Dogecoin Review
Shiba Coin had an impressive rise but failed to hold above $0.00001. This shows that investors evaluating bottoms are not avoiding profit sales. Especially when FUD is dominant in the market, regions where reasonable profits can be made are flooded by sellers. In the short term, if the $0.0000091 zone can be protected, the bulls may find strength to test new resistance.
The summary judgment in the Ripple case was neutralized by the Terraform Labs Judge. Although Ripple officials do not accept this, the price has erased a significant part of the gains for now. The $ 0.61 zone is critical for XRP, if there are closes below, we can see a decrease to $ 0.56 and $ 0.5. The bulls must stay at $0.67 and above for the rally to continue.
Elon Musk's favorite couldn't find what he was looking for these days. DOGE, which is expected to live with a parabolic rise in the transformation to X App, is unfortunately paying the price for the wicked billionaire to avoid open support.
As long as the price stays below $0.075, it could visit the $0.073 and $0.068 supports.
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