Despite experiencing steep price declines in the past few weeks, popular Shiba Inu marketing team member, Lucie, has remained optimistic about SHIB’s price fundamentals, stating that the cryptocurrency is still on track for a supercycle.
SHIB Set For A Major Bullish Cycle
On Wednesday, April 17, Lucie took to X (formerly Twitter) to shed light on Shiba Inu’s price outlook using historical data of Bitcoin’s market movements.
Sharing a Bitcoin analysis chart of the market’s progress from 2015 up to 2024, Lucie highlighted key periods which displayed a bottom phase, a re-accumulation phase and a bull market.
A bottom phase typically occurs when the price of a cryptocurrency is low but appears to show minor signs of growth, as indicated by the multiple green and red candles on Lucie’s Bitcoin chart. On the other hand, a re-accumulation phase is a period where investors begin to buy cryptocurrencies at a fairly cheap rate in anticipation of a bull market.
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