Bitcoin (BTC) price slipped below the ascending parallel channel on January 12 and continues to extend its fall with technical as well as on-chain indicators favoring the bears. It comes amid considerations that while history tends not to repeat itself, it often rhymes.
Shiba Inu price is nearing a crucial bearish reversal, and a confirmation of the same would mean that the meme coin should note a significant decline over the coming days. If this drawdown is completed successfully and SHIB reaches the target price, a new all-time low will be formed.
Injective (INJ) price has been on a steep load-shedding exercise for the past week, joining the broader market dump. Bitcoin (BTC) is leading the pack with a break below the $40,000 psychological level as markets bleed in the wake of increasing volatility. For INJ, however, the situation is different, considering a strikingly bullish development completing in the network barely a week ago.
