Bitcoin

Dogecoin

A crypto currency analyst closely examining <a href="https://en.coin-turk.com/dogecoin-shows-remarkable-performance-in-the-meme-token-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://coin-turk.com/dogecoin-doge-bir-sonraki-ralliden-once-bu-seviyelere-gerileyebilir" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-stabilizes-while-altcoins-decline-dogecoin-faces-potential-loss-amid-sec-scrutiny/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) has shared an update about the progress of <a href="https://en.coin-turk.com/experienced-analyst-warns-of-bearish-signal-for-bitcoin-no-relief-until-critical-threshold-is-crossed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s bull market. According to the analyst, who is closely followed by the markets, BTC has completed approximately one-fourth of its bull market process. Furthermore, BTC was trading at $29,524, reflecting a 10% increase over the past seven days.
The analyst also claimed that the recent movements of the popular meme token DOGE have invalidated the upward trend. In his comments on the subject, the senior analyst stated:
<blockquote>
 Dogecoin is still hovering at the bottom of the channel in a curvy manner, but the recent price development suggests that the potential upward divergence is no longer valid. This is because the lowest level ended as support last week and turned into a new resistance within the same week, and the price has confirmed this as a new resistance this week as well.
</blockquote>
<img decoding="async" class="aligncenter wp-image-268791 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/doge-2.png" alt="" width="1000" height="709">
<h2 id="expectations-for-doge">Expectations for DOGE</h2>
The analyst mentioned that he is monitoring whether the lower part of the current trading channel for Dogecoin will serve as a springboard for the meme token. The expert said the following about the subject:
<blockquote>
 However, not much has changed from a macro perspective, as the price is still at the bottom of the channel, resulting in continued consolidation within the market structure. The whole purpose of this analysis was to see if any hidden strength is slowly emerging in the bottom region of the channel, and so far, there is none. Nevertheless, since the bottom of the channel has served as an important springboard for the previous 5-7 rallies, it is still worth keeping an eye on.
</blockquote>
At the time of writing, DOGE is trading at $0.0599, reflecting a 2.3% increase compared to the previous week. While expectations for a bull market in Bitcoin continue, uncertainty persists in the Dogecoin price, with analysts monitoring significant support and resistance levels. Continue Reading: <a href="https://en.coin-turk.com/analyst-reveals-bull-calendar-for-btc-and-doge-heres-what-to-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/analyst-reveals-bull-calendar-for-btc-and-doge-heres-what-to-watch/</a>

Analyst Reveals Bull Calendar for BTC and DOGE: Here’s What to Watch

Table of Contents

COINTURK NEWS

Other articles published on Oct 20, 2023

TG.Casino Tops $1.3 Million Milestone as Rollbit Surges – Just One Day to Go at Current Prices.

Ripple (XRP) Coin Price Analysis: Latest Developments and Future Predictions

Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency

Gelato (GEL) Price Prediction 2024, 2025, 2030, 2040, and 2050

REI Network (REI) Price Prediction 2024, 2025, 2030, 2040, and 2050

OPEN Stock Price Analysis: Can Opendoor Stock Retest $2 Level?

Join our free newsletter for daily crypto updates!