Dogecoin

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-analyze-current-trends-in-dogecoin-bitcoin-and-ether/" data-wpel-link="internal">Experts Analyze Current Trends in Dogecoin, Bitcoin, and Ether</a> 
The ongoing weakness in the <a href="https://en.coin-turk.com/bitcoin-price-declines-but-remains-steady-with-important-upcoming-developments/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-trends-and-predictions-2/" data-wpel-link="internal">cryptocurrency</a> market continues as the $62,000 level has been lost. Ahead of the upcoming Fed minutes, cryptocurrencies generally reflected a downward trend. A popular crypto expert recently shared a graph indicating we might be seeing a repeat of Dogecoin’s performance from 2021. 
<h2 style="text-align: justify" id="dogecoin-predictions">Dogecoin Predictions</h2> 
BTC is experiencing a downturn while DOGE finds buyers around the $0.11 mark, reflecting a 2% increase. Maintaining support at $0.105 is necessary for further upward attempts. Trader Tardigrade suggests we might soon witness an upward breakout after a long consolidation period similar to that of 2021 for Dogecoin . 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-395736 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/doge-gelecegi-hedef-scaled.jpg" alt="" width="1084" height="725"> 
<blockquote> 
 “DOGE has shown a convergence pattern after breaking a long downtrend, resembling the final consolidation before the Great Bull Run of 2021.” 
</blockquote> 
If proven correct, the analyst predicts a price target of $1.8 could repeat the previous cycle’s peak, with upward momentum potentially increasing at $0.5. 
<h2 style="text-align: justify" id="predictions-for-eth-and-bitcoin">Predictions for ETH and Bitcoin</h2> 
Mikybull made a bold comment regarding the largest <a href="https://en.coin-turk.com/tezos-foundation-introduces-mastercard-compatible-payment-card/" data-wpel-link="internal">altcoin</a> by market capitalization. In his graph, he suggests that Ether is in the final stages before starting a rally aimed at reaching $5,000. If accurate, this could lead to a weakening in Bitcoin’s market dominance, creating conditions for a parabolic rise in altcoins. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-395737 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/eth-5-bin-dolar-hedefi.jpg" alt="" width="1946" height="1104"> 
<blockquote> 
 “The next rally wave for ETH is about to start, targeting $5,000.” 
</blockquote> 
Daan Crypto Trades pointed out significant liquidation clusters at $61,400 during the ongoing decline of BTC. 
<blockquote> 
 “There are substantial liquidation clusters around $61,400 and $62,600 for Bitcoin . Their magnitude is due to the time spent around the volatile $62K price level, where a good amount of positions have formed.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-395738 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/btc-tasfiye-noktalari.jpg" alt="" width="966" height="433"> 
With approximately half an hour before the opening of U.S. markets, BTC could see deeper dips triggered by the liquidation of long positions at these relevant levels. 
The post <a href="https://en.coin-turk.com/experts-analyze-current-trends-in-dogecoin-bitcoin-and-ether/" data-wpel-link="internal">Experts Analyze Current Trends in Dogecoin, Bitcoin, and Ether</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Experts Analyze Current Trends in Dogecoin, Bitcoin, and Ether

Table of Contents

COINTURK NEWS

Other articles published on Oct 9, 2024

Crypto: An imminent devastating shock for the markets!

First Neiro On Ethereum Price Prediction: NEIRO Skyrockets 3,454% In A Month As This PEPE 2.0 ICO...

Chain Fusion Hacker House: Where Multi-Chain Innovation Meets Opportunity in Bangkok

US Files Complaints to Recover Stolen Funds from Lazarus Group

Peter Todd Is The Hidden Satoshi: HBO Documentary Raises Doubt

DOGE Prepares to Outperform BTC Once Again as Analyst Compares Dogecoin and Bitcoin Cycles

Join our free newsletter for daily crypto updates!