NAIROBI (CoinChapter.com)—Bitcoin (BTC) sitting pretty near $96,000, close enough to its January high of $108,824 to keep everyone guessing. Dogecoin’s stuck at $0.24, looking sluggish with hardly anyone using its network lately. Shiba Inu’s holding at $0.00001522, fighting off a rough patch even as it burns millions of tokens.
BTC Eyes New All-Time High as Market Trends Align
Bitcoin (BTC) is once again drawing attention as it trades around $96,000, with historical patterns hinting at a potential breakout. The leading cryptocurrency reached an all-time high of $108,824 in Jan. 2025, and analysts believe it could surpass that level soon.
Bitcoin Price History by CryptoRankHistorical data shows Bitcoin tends to perform well between March and May. According to CryptoRank, BTC has averaged +11.8% in March, +34.7% in April, and +20% in May. Even the usually slow months of June and July have recorded modest gains.
Bitcoin Volatility Remains Low as BTC Holds Above $80K. Source: CoinglassMarket sentiment remains bullish despite recent volatility. Implied volatility has dropped to near-record lows, with Glassnode reporting that Bitcoin’s one-week realized volatility hit 23.42%, a level only seen a few times in the past four years. Analysts suggest that similar volatility compressions have led to major price moves.
Strategy BTC holdings. Source: Michael Saylor/XMeanwhile, institutional interest in Bitcoin remains strong. MicroStrategy CEO Michael Saylor hinted at increasing BTC exposure, fueling speculation about another large acquisition by the company. If institutional demand persists, Bitcoin’s supply dynamics could drive prices higher.
Dogecoin Faces Bearish Pressure Amid Declining Network Activity
Dogecoin (DOGE) has struggled in recent weeks, with declining network activity raising concerns. The number of whale transactions over $1 million has fallen sharply, and daily active addresses are now below 60,000—levels last seen in Oct. 2024.
Dogecoin Whale Activity Drops as Price Struggles Near $0.24. Source: Ali MartinezAnalysts highlight that a break below this range could push DOGE down to $0.22. Technical indicators reinforce the bearish outlook, with the Relative Strength Index (RSI) at 35.34, signaling oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains negative, suggesting downward momentum.
ADA/USD 1-day price chart. Source: TradingViewDespite the bearish sentiment, some analysts believe Dogecoin could recover if trading activity increases. Binance US recently resumed USD services, leading to a rise in DOGE trading volume. Additionally, optimism around a potential Dogecoin exchange-traded fund (ETF) continues to grow, with Polymarket suggesting a 75% chance of approval by the end of 2025.
DOGE ETF Approval. Source: PolymarketLong-term price cycles suggest Dogecoin could enter a recovery phase, with some analysts forecasting a breakout toward $1.30 if market conditions improve. Elliott Wave analysis even points to a potential surge to $6.08, though such projections depend on broader market trends.
Shiba Inu Bulls Target 300% Gains Despite Market Volatility
Shiba Inu’s at $0.00001522, down 2.5% today and 24% over the month, riding the broader market’s ups and downs—like the Bybit hack fallout. Analyst Ali Martinez says SHIB’s lost a key support between $0.000019 and $0.00002, warning it could slide to $0.000011 or $0.00008—that’s a 30% or 50% drop. Ouch.
SHIB Breaks Support, Next Targets: $0.000011 or $0.000008. Source: XJavon Marks sees an inverse head-and-shoulders pattern, suggesting SHIB could climb to $0.000081—a 420% jump.
Source: XAccording to Shibburn data, 128 million SHIB tokens were burned in the past week, contributing to a 120.3% increase in the weekly burn rate. So far, over 410.72 trillion SHIB tokens have been removed from circulation, reducing supply and potentially increasing price stability.
SHIB Price Drops 2% as Token Burn Rate Fluctuates. Source: ShibaburnShibburn says 128.22 million SHIB got torched last week, a 120.3% jump in the burn rate, with 410.72 trillion burned total out of 584.30 trillion circulating. That’s bullish for supply dynamics. Shiba Inu analysis agrees, forecasting a 300% breakout if SHIB clears $0.0000326, backed by more active addresses, whale moves, and an MVRV ratio in the “opportunity zone.” Past similar setups delivered a 55% pump, but traders know history is no guarantee.
The Bybit hack sparked $403 million in outflows and $305.80 million in liquidations, hitting Bitcoin ($84.68 million) and Ethereum ($76.16 million) hardest. The U.S. Federal Reserve’s tight grip on interest rates keeps safe bets like Treasury bonds attractive, leaving crypto on the sidelines. A rate cut could flip that script, but it’s not on the horizon yet.
Trump’s talk of a U.S. Bitcoin reserve could ignite BTC’s next rally, while Dogecoin’s ETF buzz and Shiba Inu’s burns hint at staying power for meme coins.
The post BTC, DOGE, and SHIB: Market Trends and Future Projections appeared first on Coinchapter.
%%featured_image%%
