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BTC PRICE SLIPS BELOW $92K, BUT SHIBA INU AND DTX EXCHANGE HOLD STRONG WITH CEX
LISTING POTENTIAL

Null Transaction PR November 28, 2024


As the first-ever hybrid blockchain, DTX Exchange (DTX) has shocked investors
with its rapid growth in the volatile crypto market. Joining the broader market
sentiment, Shiba Inu has also shown similar performance metrics.



However, BTC price faced retraction after hitting a new $99,645 ATH on November
22.


BITCOIN PRICE TO CRASH BELOW $88,000?

Bitcoin price correction may continue further to $88,000 and below if it follows
the Global M2 money supply correlation. BTC has already corrected more than 9%
in the last four days following the rejection sub $100K level. Market analysts
believe this correction will likely continue further as part of the BTC rally
cooling off amid profit booking by long-term holders.

Global M2 Money Supply Correlation

Historically, the Bitcoin chart has always followed the Global M2 Money
correlation and the recent Bitcoin correction is in tune with the global
liquidity parameter. Since September 2023, BTC price movement has closely
mirrored the M2 supply with a lag of 70 days, as per popular analyst Joe
Consorti.

In a recent update, Consorti highlighted the correlation’s accuracy, noting that
Bitcoin price dropped $5,000 within a day, aligning with patterns set by global
M2 weeks earlier. The analyst warned that if this trend continues, Bitcoin could
face a 20-25% correction from its recent highs of $99,000.




ANALYST CLAIMS POTENTIAL BREAKOUT FOR SHIBA INU PRICE

Shiba Inu is moving on the edge of a major breakout, with analysts forecasting a
potential surge to $0.00003255. The critical pattern to watch is a tightening
symmetrical triangle, signaling a decisive move is imminent.

This analysis was shared by a well-known cryptocurrency influencer and analyst
who frequently posts market insights and opinions about crypto assets, Carl
Runefelt, on X. The forecast hinged on Shiba Inu breaking above the upper
trendline of this triangle formation, as shown in the chart he shared.



Source: TradingView

The chart clearly depicted this symmetrical triangle, formed by converging
trendlines drawn along a series of lower highs and higher lows since
mid-November. This pattern suggested a period of consolidation, where neither
bulls nor bears have definitively taken control. The apex of the triangle, where
the trendlines meet, represents the potential breakout point expected to occur
in the near future.




NEW HYBRID EXCHANGE SPARKS EXCITEMENT WITH $8.7M PRESALE RALLY

DTX Exchange (DTX)’s presale has made headlines after securing a record-breaking
milestone of $8.78 million in its 5th presale round at $0.10 per token. The
platform incorporates state-of-the-art infrastructure and cutting-edge L1
blockchain technology to offer insane trading options and premium features to
offer an unmatched trading experience to its users.

This deFi project enables users to trade cryptos, forex, equities, and
contract-for-differences (CFDs). With access to over 120,000 assets across
crypto, stocks & bonds, forex, and commodities, DTX holders experience the peak
of high-velocity trading with no downtimes and KYC-free trading irrespective of
the high-volume transactions.


DTX EXCHANGE SET TO SKYROCKET WITH A CEX LISTING SOON

The surging demand for this deFi crypto has taken DTX Exchange (DTX) to new
highs and has given it a strong following on crypto platforms. After DTX
Exchange’s listing went live on data aggregating platform CoinMarketCap, bullish
investors have injected millions into its skyrocketing presale, which has
already sold 77% of the circulating supply to date.

With rumors of the Bitcoin price dropping below its current bullish sentiment,
it is likely that Shiba Inu and DTX Exchange (DTX) have the golden opportunity
to skyrocket their market value by 25x, so the investors seeking shelter from
Bitcoin’s rumored decline can join these cryptocurrency networks to regain the
lost capital and aim for massive profits. Join now!

Learn more:

 * Buy Presale
 * Visit DTX Website
 * Join The DTX Community

Disclosure: This is a sponsored press release. Please do your research before
buying any cryptocurrency or investing in any projects. Read the full
disclosure here.



ABOUT THE AUTHOR

NULL TRANSACTION PR

Null Transaction PR is a cryptocurrency marketing group responsible for article
distribution across a myriad of news sites. If you're looking to advertise with
us, contact us by email at contact@nulltransaction.com or visit our website.

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