Shiba Inu’s Golden Cross Sparks Bullish Sentiment as Bitcoin Eyes $117K Recovery

Shiba Inu (SHIB) has recently achieved a significant milestone by forming a golden cross on its daily chart, fueling optimism for an upcoming rally. Analysts suggest this may be the result of accumulating investor confidence and the potential for a market rebound after a recent decline. However, other key players in the crypto market remain cautious. Bitcoin (BTC), currently hovering slightly above $111k after a 1.7% drop over the last 24 hours, faces scrutiny as some experts predict it might plunge further if bulls fail to push prices back towards the $117k mark.