Bitcoin (BTC) has extended its bullish momentum, pushing toward a six-figure price target and lifting meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), which are both showing positive technical signals, according to HUMINT and TECHINT insights.
Bitcoin surged past $95,000 ahead of press time, marking its highest level since March 2, according to CoinDesk. This move follows a bullish breakout above the Ichimoku cloud, signaling a shift in market sentiment toward the upside.
The technical outlook for Bitcoin is encouraging: long-tailed daily candles indicate strong buying support on dips, while the five- and 10-day simple moving averages (SMA) are both rising. Additionally, the MACD histogram is showing higher bars above the zero line, signaling that upward momentum is gaining strength.
The path to $100,000 seems increasingly likely, as this is also the most popular strike price for call options on Deribit. However, if Bitcoin falls below $88,800 — now acting as support — the bullish outlook could be at risk.
AI Highlights SHIB and DOGE Movements
Alongside Bitcoin’s rally, the CoinDesk AI market insight bot has flagged a breakout in Shiba Inu (SHIB), signaling increasing risk appetite in the broader market.
“Bitcoin’s move above $92K has triggered an uptick in memecoin trading, with SHIB breaking out of a year-to-date downtrend and showing bullish technical patterns,” the AI observed. SHIB’s volatility has been significant, with a 15.6% price fluctuation, and it has found solid support at 0.00001225 after bottoming on April 21.
Technical charts indicate that SHIB has moved past its year-long downtrend line and is now attempting to stabilize above the Ichimoku cloud, signaling a possible trend reversal to the upside.
Meanwhile, Dogecoin (DOGE) is also attracting attention. The AI bot pointed to accumulation around the 18-cent level, with DOGE showing signs of consolidation above $0.180 and decreasing volatility — a common precursor to a bullish continuation.
Since dipping below 13 cents on April 7, DOGE has surged over 35%, indicating that the meme coin market is gaining momentum.
