Bitcoin Faces Bearish Pressure and Shiba Inu Targets Top 10: Crypto Update

Bitcoin's price shows bearish signs amid a critical resistance level, while Shiba Inu aims to break into the top 10 cryptocurrencies. The market sentiment remains neutral.

Jamie Bennett
Crypto Analyst
4 min min read
9,056
Bitcoin Faces Bearish Pressure and Shiba Inu Targets Top 10: Crypto Update
Bitcoin ($BTC) is currently forming a bearish triangle pattern, hitting strong resistance that is contributing to a downward trend. On the hourly chart, Bitcoin has produced lower peaks and is testing a key trendline. If $BTC remains in this bearish pattern and breaches the trendline, we could see a sharp drop, potentially to $92,600.

In other news, Shiba Inu’s marketing lead, Lucie, believes SHIB can reach the top 10 cryptocurrencies, aiming to surpass Dogecoin despite criticism from the community. She emphasizes the crypto's ecosystem and assures that the development team will not tolerate negative attacks against them.

The Crypto Fear and Greed Index currently sits at 53, indicating neutral market sentiment. The index shifted from fear (34) to neutrality over the month, suggesting investors are regaining some confidence. The sentiment peaked at extreme greed (88) in late November 2024 and hit a low of extreme fear (15) in mid-March 2025.

Analysis

Market Sentiment

20% Bullish
Bearish Neutral Bullish

News Impact

8/10

Credibility: 8/10

Trading Recommendation

BTC
BTC
SELL

Entry Price

$0

Confidence

20%

Stop Loss

$87600

Take Profit

$0 - $0

Current market analysis suggests potential bearish movement for Bitcoin, indicating a sell/bearish sentiment.