Bitcoin, Solana and Shiba Inu European Wrap January 19

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Bitcoin price rose above the key $21,000 level on January 18, after weaker-than-expected US inflation data in the form of the Producer Price Index (PPI) fueled a narrative bullish for risky assets, including cryptocurrencies, among investors.

Solana price shows a clear shift in market structure after forming a local top at a crucial hurdle. This development has a chance to slide lower and trigger a strong correction for SOL holders.

Shiba Inu (SHIB) price action jumped a staggering more than 22% intraday from Wednesday’s low to high. Unfortunately, in a video webinar you can find on FXStreet’s YouTube channel, warnings were issued on a repeat of Saturday October 29th of last year, where price action surged but deflated near the closing bell and saw more than half of its intraday profits evaporate. . With plenty of bulls jumping on the breakouts on Wednesday, the bears saw a window of opportunity to come back short, and the pressure could begin to build on the downside again.

Sources

1/ https://Google.com/

2/ https://news.google.com/__i/rss/rd/articles/CBMikwFodHRwczovL3d3dy5meHN0cmVldC5jb20vY3J5cHRvY3VycmVuY2llcy9uZXdzL2NyeXB0b2N1cnJlbmNpZXMtcHJpY2UtcHJlZGljdGlvbi1iaXRjb2luLXNvbGFuYS1hbmQtc2hpYmEtaW51LWV1cm9wZWFuLXdyYXAtMTktamFudWFyeS0yMDIzMDExOTEzNTTSAZcBaHR0cHM6Ly93d3cuZnhzdHJlZXQuY29tL2FtcC9jcnlwdG9jdXJyZW5jaWVzL25ld3MvY3J5cHRvY3VycmVuY2llcy1wcmljZS1wcmVkaWN0aW9uLWJpdGNvaW4tc29sYW5hLWFuZC1zaGliYS1pbnUtZXVyb3BlYW4td3JhcC0xOS1qYW51YXJ5LTIwMjMwMTE5MTM1NA?oc=5

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