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A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Crypto Dog tells his 811,100 followers on the social media platform X that there’s a good chance Bitcoin is on the verge of a fresh bull rally after bouncing from its recent low of $48,000 earlier this month. “Started to consider a very optimistic outlook on the market from here, likening this wipeout from $70,000-$50,000 to the Covid crash [of] March 2020. Time will tell, open to other scenarios, but this could be the very beginning of the actual bull run.”  About four years ago, Bitcoin plunged from $8,000 to around $3,700 in just seven days as people panicked amid the emergence of the global pandemic. But after the collapse, Bitcoin rallied to fresh highs in a matter of months. According to The Crypto Dog, Bitcoin looks strong as long as it holds su...

Shiba Inu is trading around the $0.00001375 mark on Tuesday and remains on the greener side of the spectrum. SHIB turned green after nearly a week on the downside and is up 2.5% in the day’s trade. The AI-based price prediction forecasts that SHIB’s price could reach $0.000014 by August 20, 2024. The cryptocurrency market has been on a slippery slope for over a month, with no sudden price spurts. Global macroeconomic conditions are adding pressure on the markets, and fears of another slump are looming. Also Read: Shiba Inu: SHIB’s Price Reaction to Major Burn Announcement AI Predicts Shiba Inu (SHIB) Price For August 20 Source: Freepik.com ‘Price Predictions‘ is a machine learning and algorithm-based indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and other indicators. The AI has predicted Shiba Inu’s price for August 20, 2024. Also Read: Shib...