#ShibaInu is currently trading at $0.00002 and was trading mostly horizontally in April this month. SHIB rebounded sharply in March, rising nearly 280% in just two weeks. The price rise comes after Bitcoin hit an all-time high of $73,737 in mid-March and the value of#SHIBsoared. However, the dog-themed token is currently facing a setback, but the upcoming Bitcoin halving event could be its salvation. The Bitcoin Halving event is scheduled for April 21, 2024, and could see price increases in leading cryptocurrencies, including Shiba Inu. For the uninitiated, the Bitcoin Halving will halve the supply of BTC, leaving the cryptocurrency virtually non-existent in the market. Since there is a huge demand for Bitcoin, the “decreasing supply” will help its price rise steadily in the indices. As the Shiba Inu moves with Bitcoin, there is a higher chance of a recovery this month. Shiba Inu: New Forecast Claims SHIB to Increase 220% With the Bitcoin halving just weeks away, leading on-chain indicators and COINCODEX price forecasts have overestimated forecasts SHIB. A new price forecast indicates that the Shiba Inu could rise in value by approximately 225% in the first week of May 2024. The price increase could occur days after the Bitcoin halving event, indicating that SHIB could be replicating BTC's positive moves . The price forecast states that the Shiba Inu could reach a high of $0.000085 in the first week of May next month. However, its price will move slightly away from the all-time high of $0.00008616 that it reached in October 2021. So, a $10,000 investment in a Shiba Inu today could turn into $32,000 if the forecast turns out to be correct. However, there is no guarantee that SHIB will be able to increase to 225% in the next 30 days. The cryptocurrency market is volatile and works both ways, causing damage to investors.‼️‼️💰💰💰 $BTC $SHIB