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Author: Scott Matherson

Crypto Analyst Warns Bitcoin Price Could See Further Crash If It Falls Below This Level

Crypto analyst Pejman has warned that the Bitcoin price could witness a further crash in the short term. He revealed the level the flagship crypto needs to hold to avoid these heavy declines. Bitcoin Price Could Witness Further Crash If It Falls Below This Level In a TradingView post, Pejman stated that the Bitcoin price could record heavy declines if it falls below $83,500. This warning came following a bullish analysis in which he remarked that BTC seems to be completing the bullish flag pattern. The analyst added that he expects the flagship crypto to rally to the upside as it looks to fill the CME gap at the $86,000 range. Related Reading: Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In This eventually happened as the Bitcoin price rallied to as high as $88,000 amid the massive volatility that occurred following Trumps reciprocal tariffs announcement. However, Pejman suggested that the rally to $88,000 is likely the local top for BTC, stating that there is a possibility that Bitcoin will fall again following this price surge. Moreover, the Bitcoin price has since corrected following the rally to $88,000. This price crash occurred as Trump unveiled the customized tariff rates for countries such as China, the European Union, the United Kingdom, and Japan. This move from the US president is expected to trigger a trade war, with these countries retaliating with counter-tariffs, which is bearish for BTC and the broader crypto market. BTC Could Still Drop To As Low As $78,000 Based on crypto analyst Kevin Capitals analysis, the Bitcoin price could soon drop to as low as $78,000. The analyst noted that there is a little bit of long liquidity at the $78,000 to $80,000 level, but there is also a lot of liquidity in the $87,000 to $90,000 range. Related Reading: Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally He further remarked that market makers could look to transact in that $87,000 to $90,000 range just before Trumps tariff announcement, which happened as predicted. With the Bitcoin price sucking up the liquidty at the $87,000 to $90,000 range, it looks likely to drop to the $78,000 to $80,000 range to also suck up the liquidity at that range. Despite the Bitcoin prices downtrend over the past two months, crypto analyst Rekt Capital is still bullish on the flagship cryptos trajectory. He noted that BTC experienced a 32% downtrend from mid-March 2024 to early September 2024, a pullback that lasted almost six months before its price broke to new all-time highs (ATHs). As such, the analyst suggested this downtrend is nothing to worry about as BTC could still rally to new highs in a flash. At the time of writing, the Bitcoin price is trading at around $83,000, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Dogecoin Price To Enter Phase E After Testing Last Point Of Support, Heres The Target

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Apr 16, 2025 12:05

Dogecoin Price To Enter Phase E After Testing Last Point Of Support, Heres The Target

Crypto analyst Trader Tardigrade has provided an update on the Dogecoin price action. He revealed that the foremost meme coin is set to enter Phase E next, during which it could rally to new highs. Dogecoin Price To Enter Phase E Next After Testing Last Point Of Support In an X post, Trader Tardigrade stated that the Dogecoin price will enter Phase E and then the Mark-Up phase after the move of Sign of Strength (SOS) and Last Point of Support (LPS). This came as he also revealed that DOGE has entered Phase D in the Wyckoff Accumulation. The analyst also noted that the meme coin completed the TEST in Phase C and the Last Point of Support in Phase D. Related Reading: Crypto Analyst Warns Dogecoin Price Correction Was A False Breakout, Calls 30% Crash His accompanying chart showed that the LPS in Phase D for the Dogecoin price is around $0.174, while the SOS will be a successful reclaim and hold above $0.18. This will usher DOGE into Phase E, where it is projected to rally to as high as $2.1, marking a new all-time high (ATH) for the foremost meme coin. In another X post, Trader Tardigrade stated that the Dogecoin price could be forming an inverse Head and Shoulders pattern on the 4-hour chart, providing a bullish outlook for the foremost meme coin. His accompanying chart showed that Dogecoin could rally to $0.183 on this rebound, which is the SOS for the meme coin in this Phase D. It is worth mentioning that crypto analyst Kingpin Crypto also provided a bullish outlook for the Dogecoin price, predicting that it could bounce from the current support and rally above the psychological $0.2 price level. The analyst asserted that DOGEs chart is one of the best right now in terms of price, which is at a clear level of higher timeframe support. DOGE Gearing Up For A Big Week In an X post, crypto analyst Ali Martinez stated that the Dogecoin price is gearing up for a big week. He remarked that a close above $0.17 could open the door to $0.21 or even $0.29 if it holds the key support level at $0.13. However, the analyst recently revealed that DOGE whales are choosing to remain on the sidelines for now, which could be bearish for the meme coin. Related Reading: Dogecoin Price Notches Higher Lows Amid Market Downturn, Why A 270% Surge Is Possible The Dogecoin price performance will also depend on the Bitcoin price and whether the flagship crypto can sustain bullish momentum. Self-acclaimed Dogecoin lead analyst on X, Kevin Capital, opined there is no need to be overly bullish until Bitcoin surges above $89,000. At the time of writing, the Dogecoin price is trading at around $0.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Shutterstock, chart from Tradingview.com

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Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Apr 15, 2025 12:05

Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000

Crypto analyst Titan of Crypto has raised the possibility of the Bitcoin price rallying to as high as $137,000. The analyst highlighted a bullish pattern that shows the flagship crypto can reach this ambitious price target. Bitcoin Price Could Rally To $137,000 As Bullish Pennant Forms In an X post, Titan of Crypto suggested that the Bitcoin price could reach $137,000 at some point. This came as he revealed that BTC has formed a bullish pennant on the daily chart. The analyst remarked that if this plays out, a new all-time high (ATH) could be reached, regardless of the current market sentiment. Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast His accompanying chart showed that $137,129 was the target for the Bitcoin price as it eyes a rally to new highs. The analyst indicated the key was to see if the flagship crypto could break to the upside in the coming weeks. In the meantime, BTC looks to be facing a lot of resistance and bearish pressure. In his Ichimoku cloud analysis of the Bitcoin price action, the analyst stated that BTC is now facing resistance with a fair gap value and entry into the Kumo cloud. He outlined two scenarios that could play out for the flagship crypto. The first is a continuation through the cloud, while the second is a retest of the Kijun and the trendline before continuation. His accompanying chart indicated that the key was to break above the range of around $84,000. A successful breakout from this range could lead to a rally to as high as $92,000. This could eventually pave the way for the Bitcoin price to rally to new highs, especially with the psychological $100,000 level in sight once BTC reclaims $92,000. Key Resistance At $86,000 In an X post, crypto analyst Ali Martinez revealed that $86,000 is a key resistance zone for the Bitcoin price. He stated that a rejection from this zone could send BTC back to $79,000. However, a breakout might open the path for the flagship crypto to rally to as high as $97,000. Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 Crypto whales are still actively accumulating BTC, which is positive for the Bitcoin price. Martinez revealed that 37,000 BTC have been withdrawn from exchanges in the past 24 hours, which the analyst noted is a strong signal of accumulation. Crypto analyst Kevin Capital believes that the Bitcoin price structure is still bearish for now. In an X post, he stated that a break above $89,000 would mean BTC is back in action. Until then, he asserted that there is no real reason to get overly hyped at the current level. At the time of writing, the Bitcoin price is trading at around $84,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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Warning: Bitcoin And Altcoins Fischer Transform Indicator Turn Bearish For The First Time Since 2021

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Apr 02, 2025 12:05

Warning: Bitcoin And Altcoins Fischer Transform Indicator Turn Bearish For The First Time Since 2021

Technical expert Tony Severino has warned that the Bitcoin and altcoins Fischer Transform indicator has flipped bearish for the first time since 2021. The analyst also revealed the implications of this development and how exactly it could impact these crypto assets. Bitcoin And Altcoins Fischer Transform Indicator Turns Bearish In an X post, Severino revealed that the total crypto market cap 12-week Fisher Transform has flipped bearish for the first time since December 2021. Before then, the indicator had flipped bearish in January 2018. In 2021 and 2018, the total crypto market cap dropped 66% and 82%, respectively. This provides a bearish outlook for Bitcoin and altcoins, suggesting they could suffer a massive crash soon enough. Related Reading: Bitcoin Fischer Transform Returns To 2022 Bear Levels, Why Max Pain Could Continue For 4 Months In another X post, the technical expert revealed that Bitcoins 12-week Fischer Transform has also flipped bearish. Severino noted that this indicator converts prices into a Gaussian normal distribution to smooth out price data and filter out noise. In the process, it helps generate clear signals that help pinpoint major market turning points. Severino asserted that this indicator on the 12-week timeframe has never missed a top or bottom call, indicating that Bitcoin and altcoins may have indeed topped out. The expert has been warning for a while now that the Bitcoin top might be in and that a massive crash could be on the horizon for the flagship crypto. He recently alluded to the Elliott Wave Theory and market cycles to explain why he is no longer bullish on Bitcoin and altcoins. He also highlighted other indicators, such as the Parabolic SAR (Stop and Reverse) and Average Directional Index (ADX), to show that BTCs bullish momentum is fading. The expert also warned that a sell signal could send BTC into a Supertrend DownTrend, with the flagship crypto dropping to as low as $22,000. A Different Perspective For BTC Crypto analyst Kevin Capital has provided a different perspective on Bitcoins price action. While noting that BTC is in a correctional phase, he affirmed that it will soon be over. Kevin Capital claimed that the question is not whether this phase will end. Instead, it is about how strong Bitcoins bounce will be and whether the flagship crypto will make new highs or record a lackluster lower high followed by a bear market. Related Reading: Bitcoin CME Gap Close About To Happen With Push Toward $83,000 What Happens Next? The analyst added that Bitcoins price action when that time comes will also be trackable using other methods, such as money flow, macro fundamentals, and overall spot volume. The major focus is on the macro fundamentals as market participants look forward to Donald Trumps much-anticipated reciprocal tariffs, which will be announced tomorrow. At the time of writing, the Bitcoin price is trading at around $83,000, up around 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Apr 01, 2025 12:05

Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In

Amid the Bitcoin price struggles, crypto analyst BitQuant has pushed back against the idea that the top is in and instead provided a bullish outlook for the flagship crypto. He also remarked that he would reveal when the real top is in. Analyst Affirms Top Isnt In Yet Despite The Bitcoin Price Stuggles In an X post, BitQuant was confident as he assured that the top isnt in yet despite the Bitcoin price struggles. He noted that during the last cycle, market participants argued that $60,000 didnt look like a top, even though it had a perfect textbook structure of one. Now, there is a panic although this top structure has yet to form in this market cycle. Related Reading: This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Heres When The analyst stated that he understands the bearish sentiment but that this is likely because some market participants havent experienced the bull phase yet. He affirmed that when the real top is in for the Bitcoin price, and there is a 25% pullback, he will post his accompanying chart again. The analyst added that market participants would know for sure, without any guidance, whether the top is in or not. Crypto analyst Kevin Capital also suggested that the top isnt in yet for the Bitcoin price. However, he admitted that the crypto is in a major correctional phase in the market. The analyst remarked that these corrections take time and asked market participants to stay patient while monitoring the macro data and monetary policy updates. Kevin Capital mentioned that much can be done in the meantime and claimed that this is what crypto is like. He added that most of the Bitcoin price gains are accomplished in a two-week period every year. Other times, the flagship crypto simply trades sideways or witnesses significant declines. BTC Still Risks Dropping To As Low As $70,000 In a recent analysis, Kevin Capital predicted that the Bitcoin price could still drop to as low as $70,000. He stated that if BTC loses the golden pocket at $81,000 and follows through with that measured target, then the $70,000 to $73,000 range, which he has outlined on the higher time frames, would be the Measured Move target. Related Reading: Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support The analyst also remarked that there are lots of factors this week that will influence price action. One is Donald Trumps tariff implementation on April 2nd, which he suggested could be a buy-the-news event in the sense that BTC has also priced into the effects of the proposed tariff and could surge once the event occurs. Kevin Capital also highlighted other macro factors, such as the labor market data at the end of the week. Meanwhile, the US Treasury run-off will decrease from $25 billion to $5 billion starting April 1st. The analyst admitted that it remains uncertain whether these events have an immediate sentiment effect or even affect the sentiment at all. At the time of writing, the Bitcoin price is trading at around $82,000, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com

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Analyst Sets Dogecoin Next Target As Ascending Triangle Forms

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Mar 25, 2025 12:10

Analyst Sets Dogecoin Next Target As Ascending Triangle Forms

Crypto analyst CobraVanguard has revealed the next price target for Dogecoin as an ascending triangle forms for the foremost meme coin. A rally to this price target could pave the way for the new highs, especially with the crypto market looking to be in rebound mode. Next Target For Dogecoin As Ascending Triangle Forms In a TradingView post, CobraVanguard set $0.197 as the next target for the Dogecoin price with an ascending triangle forming. He noted that this ascending triangle indicates a potential price increase. The analyst added that it is anticipated that the price could rise, aligning with the projected price movement of AB=CD. Related Reading: Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9 Meanwhile, CobraVanguard warned that it is crucial to wait for the triangle to break before taking any action. His accompanying chart showed that Dogecoin needs to break above $0.177 to confirm a break above the ascending triangle. A break above that target would then lead to a rally to the $0.197 target. Dogecoin already looks to be in rebound mode at the moment, alongside Bitcoin, which is nearing the $90,000 mark again. The foremost meme coin is nearing the $0.177 target for a break above the ascending triangle. As crypto analyst Kevin Capital suggested, DOGE will likely rally as long as BTC is in bullish territory. Crypto traders are also betting on a Dogecoin rally to the upside. Crypto analyst Ali Martinez revealed that 76.26% of traders with open DOGE positions on Binance futures are leaning bullish. This is particularly bullish because Binance traders have a good track record of being right most of the time. In another X post, Martinez revealed that whales bought over 120 million DOGE last week, which is also bullish for the foremost meme coin. DOGEs Market Structure Has Shifted In an X post, crypto analyst Trader Tardigrade revealed that Dogecoins market structure has shifted. This came as he noted that Dogecoin is recovering from an ascending triangle, forming higher highs and higher lows from lower highs and lower lows. Related Reading: Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked? Based on this, the analyst affirmed that Dogecoin had shifted the market structure from a downtrend to an uptrend on the hourly chart since it just formed the second higher high. His accompanying chart showed that DOGE is eyeing a rally to $0.177 as it continues to form higher highs. Martinez raised the possibility of the Dogecoin price rallying to as high as $4 or even $20 in the long term. He stated that if DOGE holds above the $0.16 support at the lower boundary of an ascending channel, history suggests that it could rebound toward the mid-range at $4 or upper range at around $20. At the time of writing, the Dogecoin price is trading at around $0.174, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com

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Dogecoin Price To $1, XRP To $6, And Solana To $1,000? Pundit Says Youre Not Bullish Enough

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Feb 09, 2025 12:05

Dogecoin Price To $1, XRP To $6, And Solana To $1,000? Pundit Says Youre Not Bullish Enough

Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them. Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also predicted that the Bitcoin price would hit $150,000, which would also be a new all-time high for the flagship crypto. Related Reading: Catching The Next Quick 5X: Why The Dogecoin Price Should Be On Your Radar Based on these price targets, the crypto pundit asserted that market participants arent bullish enough. The Dogecoin price, XRP, and Solana reaching these targets undoubtedly provide a bullish outlook for the crypto market, which is currently witnessing a significant crash due to economic uncertainty. The Dogecoin price has been one of the major caps that has taken the most hit, with a decline of over 25% in the last seven days. Meanwhile, XRP and Solana have declined over 22% and 17% respectively. It is worth mentioning that besides this crypto pundit, some other crypto analysts have also predicted that the Dogecoin price could soon reach the much-anticipated psychological $1 level. One of them is Master Kenobi, who highlighted similarities between the current DOGE price action and that of 2017. Based on the similarities, the crypto analyst predicted that the Dogecoin price could witness a 6x increase from its current level and rally to as high as $1.25 soon enough. He added that DOGE could peak sometime in mid-April or May. Crypto analysts have also made bullish cases for XRP and Solana. Crypto analyst Dark Defender predicted that the XRP price could rally to $8 soon enough. The analyst is also confident that XRP can reach $18 in this market cycle. Meanwhile, crypto analyst Ali Martinez predicted that Solana could reach $350, while Van Eck stated that SOL could reach $500 by year-end. What Next For These Coins Amid Downtrend In the meantime, crypto analysts have provided insights into what needs to happen for the Dogecoin price, XRP, and Solana to maintain their bullish outlook. In an X post, crypto analyst Kevin Capital stated that in the short term, DOGE needs to get back above $0.28 to see more upside. If that doesnt happen, he remarked that the foremost meme coin is in danger of retesting the lows and maybe dropping to as low as $0.19. Related Reading: XRP Price Eyes 40% Gains, Analyst Reveals The Best Level To Buy And Hold For XRP, crypto analyst Egrag Crypto stated that the crypto needs to close above the 21 EMA at $2.67. He added that a close above $2.81 is essential for bullish momentum. Crypto analyst CasiTrades also suggested that XRP needs to reclaim $2.90 as a rejection at this level could lead to drop to $1.88 or $1.53. For Solana, Ali Martinez stated that SOL needs to hold above the support at $196 to maintain the bullish projection of $350 for the crypto. Featured image from Unsplash, chart from Tradingview.com

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Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Feb 06, 2025 12:05

Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market

Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price action in this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside. Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for the market, especially considering the bearish sentiment in the crypto market at the moment. The analyst noted that Bitcoin has spent about 583 days ranging in this cycle. Related Reading: Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? On the other hand, the analyst remarked that the Bitcoin price has spent just 175 days, making meaningful price action to the upside. In line with this, he alluded to how patience is key, considering how Bitcoin ranges for most of the cycle. However, CryptoCon is convinced that the next 30-day sprint of great price action that the market is about to witness is worth the wait. The analysts accompanying chart showed that the Bitcoin price could record up to 37 days of expansion on this next leg up. The chart also showed that the flagship crypto could rally to as high as $160,000 in March following this upward trend. This is bullish for the broader crypto market as altcoins are also expected to rally as BTC moves to the upside. Before now, CryptoCon had already assured that the bull cycle wasnt over despite the crypto market facing the largest liquidation event in this cycle, with over $2 billion wiped out from the market. BTCs Trend Remains Uncertain For Now While the Bitcoin price could rally to $160,000 in the next thirty days, crypto analyst Ali Martinez has stated that BTCs trend direction in the short term remains uncertain. He noted that the flagship crypto is consolidating between $90,900 and $108,500. The analyst added that the trend remains uncertain until there is a clear breakout beyond this range. Related Reading: Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls However, crypto analyst Kevin Capital suggested that the Bitcoin price could soon record a massive bounce to as high as $111,000, marking a new all-time high (ATH) for the flagship crypto. He noted that all the major liquidity on the monthly heatmap is to the upside towards this $111,000 price level. The analyst added that this cannot be ignored, especially after a massive capitulation. He further remarked that he would be shocked if BTC didnt grab this liquidity and head lower. At the time of writing, the Bitcoin price is trading at around $97,800, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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$16 Billion In Possible Liquidations Suggests Where The Bitcoin Price Is Headed Next

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Feb 27, 2025 12:10

$16 Billion In Possible Liquidations Suggests Where The Bitcoin Price Is Headed Next

Crypto analyst Kevin Capital has provided insights into where the Bitcoin price may be headed next. The analyst alluded to the current liquidation data, revealing that there are currently $16 billion in possible liquidations from BTCs current price to the $107,000 price level. Liquidation Data Indicates A Bitcoin Price Recovery Is Imminent In an X post, Kevin Capital revealed that there is only $1.5 billion in long liquidations from the current Bitcoin price to the $77,000 price level. On the other hand, there is $16 billion in short liquidations from the current price to the $107,000 level. The analyst remarked that this is one of the biggest disparities in history. Related Reading: Bitcoin 9-Month Cycle Says Its Not Over, Analyst Shows Where We Are In The Bull Run He further noted that the market makers prefer to move prices where they can most transact. As such, this suggests that the Bitcoin price could rebound as these market makers look to grab the liquidity at the upside. Kevin Capital remarked that patience is still needed while the 3-day resolves itself. However, he added that overall, things are looking a little clearer for the bulls. The Bitcoin price has crashed over the past two days, dropping to as low as $86,000, sparking concerns that the bull run might be over. However, Kevin Capital’s analysis provides some optimism that the bull run is far from over and that the flagship crypto could still reclaim the $100,000 price level and possibly reach new highs. BTCs long-term holders also seem confident that the Bitcoin price will still go higher. In an X post, crypto analyst Ali Martinez revealed that they had accumulated almost 20,400 BTC following the sharp sell-off that began two days ago. BTC Could Still Drop To The $80K Lows Crypto analysts Ali Martinez and Titan of Crypto have suggested that the Bitcoin price could still drop to the lower part of the $80,000 range. In an X post, Martinez stated that Bitcoin is showing similarities to the 2021 market top. He further remarked that if this pattern holds, there could be a period of consolidation at current levels before the next leg down for BTC. Related Reading: This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming His accompanying chart showed that the Bitcoin price could drop to as low as $80,850 when this next leg down occurs. Titan of Crypto also raised the possibility of BTC dropping to $81,000. He stated that BTC is breaking the trendline and dipping below the last wick low. He claimed that BTCs weekly candle failing to reclaim the trendline could send the flagship crypto to the next support, which is Kijun at $81,000. At the time of writing, the Bitcoin price is trading at around $88,700, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Feb 22, 2025 12:05

Dogecoin Road To ATHs: Why $0.28 Is The Next Major Milestone For A Breakout

Crypto analyst Dima Potts has provided insights into the current Dogecoin price action. In his analysis, Potts highlighted the $0.28 price level as being the next major milestone for DOGE as it eyes a breakout on its way to a new all-time high (ATH). Why $0.28 Is The Next Major Milestone For Dogecoins Road To ATH In an X post, Dima Potts revealed that $0.28 would be the next major milestone for Dogecoin on its road to a new ATH. The analyst stated that he expects DOGE to move towards the $0.28 range, similar to the previous cycle. As such, he remarked that this range marks the next major milestone for the foremost meme coin. Related Reading: Historical Performance Says Dogecoin Price Could Surge To $2.2, Heres How The analyst further noted that beyond this point, there would be an increase in volatility with the Dogecoin price consolidating before heading towards new yearly highs and eventually its ATH. In the meantime, Potts noted that the $0.25 price level continues to serve as a short-term support level that DOGEs price should follow, just like in the 2017 cycle when this pattern emerged. The analyst had earlier revealed that a similar pattern to the one in the 2017 cycle was emerging for Dogecoin in this cycle. He alluded to this pattern as why DOGE can rally to as high as $10 in this cycle. Potts remarked that he believes the meme coin will head towards its all-time highs and then much higher in the coming weeks, mirroring its 2017 performance. Meanwhile, crypto analyst Kevin Capital recently highlighted the Dogecoin prices struggle to reclaim this $0.28. This came as he noted that DOGE has failed to get above the macro golden pocket and weekly bull market support band, which is around the $0.28 range. In line with this, he stated that it is time to watch the Bitcoin price even closer to see if the flagship crypto can help the foremost meme coin witness a bullish reversal soon enough. DOGE Has Entered A Boring Phase In an X post, crypto analyst Trader Tardigrade stated that the Dogecoin price has entered the boring phase. In line with this, he told market participants to expect tight consolidation at the current level over the next few weeks before the massive DOGE rally. His accompanying chart showed that DOGE could rally above $1 when this rally happens. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers Crypto analyst Kevin Capital stated that the Dogecoin price is still in risky waters. He remarked that the meme coin needs to get above the macro golden pocket and weekly bull market support band at $0.30 on weekly closes. The analyst added that it is only when that happens that market participants can feel good again about DOGE attacking the highs and beyond. At the time of writing, the Dogecoin price is trading at around $0.25, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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