Bitcoin on Track for All-Time High If It Holds Above This Level, Elon Musk Issues Stunning AI Prediction for Next Year, Here’s Why SHIB Might Rally on April 17: Crypto News Digest by U.Today

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U.Today has prepared the top three news stories over the past day.

Bitcoin (BTC) on track for all-time high if it holds above this level

Michaël van de Poppe, a well-known crypto expert, shared in a recent post that Bitcoin is gearing up for another attempt at hitting its all-time high. If it manages to stay above $69,000, analysts believe we’ll see this occurrence. Last month, Bitcoin achieved its previous record price of $73,803.25. However, some experts think that this peak was not the cycle’s end. The upcoming Bitcoin halving, scheduled in under 10 days, is a significant factor in this belief. Previous halvings have typically led to substantial price increases, implying a potential massive post-halving surge that could push BTC to new all-time highs. According to the general consensus, if Bitcoin continues its upward trend and remains above $69,000, it may be on the brink of a significant price rally.

Elon Musk issues stunning AI prediction for next year, hold tight

Elon Musk, the renowned entrepreneur and CEO of Tesla, shared his views during a SpaceX event on the X platform that artificial intelligence (AI) is advancing at an unprecedented pace and may surpass human intelligence within the next year. Musk emphasized that AI development is the fastest-evolving technology he has encountered, with new announcements and hardware releases happening almost weekly. He anticipates AI surpassing human intellect by around the end of 2023. Additionally, Musk discussed his Grok AI project, mentioning that the second version (Grok V2) is currently being trained and should be completed in May. Once ready, this updated chatbot is expected to outperform ChatGPT-4.

Shiba Inu (SHIB) to rally on April 17? One big reason

Based on the SHIB chart image, there’s a possibility that the meme coin’s price may surge around April 17. During this period, the 50-day Exponential Moving Average (EMA) might intersect with SHIB‘s current price. This event could provide SHIB with a stable zone to lean on as it rises. EMAs function as temporary price floors, so if the 50 EMA aligns with SHIB, traders may feel more confident that the price won’t fall below this level. Consequently, more investors might be inclined to buy SHIB, hoping for a rebound. Presently, SHIB is being traded at $0.000027, which isn’t far from its 50 EMA. If SHIB manages to hold on to this EMA as support, we could see some price growth, potentially leading to a faster upward trend.

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2024-04-10 19:44