Crypto Analyst Points to When Dogecoin (DOGE) Bull Run Will Start, Projects a Spike to $1 and $2

Dogecoin's Potential Bull Run: Analysis and Timing Predictions

In a recent video, the host of VisionPulsed provides an in-depth analysis of Dogecoin's potential bull run, highlighting its timing in relation to broader crypto market cycles.

The analyst observed that significant market upswings typically occur 150 days after the Bitcoin halving, projected for September 23, 2024. However, he cautioned that a major price surge for Dogecoin may not occur immediately but is anticipated later that year.

While acknowledging the current bearish market sentiment, the host suggests that September may not yield significant price increases for Dogecoin as the market remains in a consolidation phase. However, he predicts a final downturn soon after which Dogecoin and other altcoins should begin their ascent as October approaches.

Dogecoin's Relationship to Bitcoin

The analyst explained that Dogecoin often follows Bitcoin's price movements during bull runs. Historically, when Bitcoin breaks its all-time high, its market dominance decreases, allowing altcoins like Dogecoin to gain traction.

Timing Predictions for Dogecoin

Based on previous market cycles, the analyst discussed Dogecoin's behavior in relation to Bitcoin. He pointed out that in past cycles, Dogecoin reached a "point of no return" approximately 750 to 830 days after Bitcoin's cycle bottom, leading to rapid price growth.

He speculates that Dogecoin could experience its next major price surge around November 2024, potentially extending into early 2025. October 2024 is identified as a crucial timeframe, with the altcoin market, including Dogecoin, likely to rally starting in late October and into early 2025.

Price Targets for Dogecoin

The host is optimistic that Dogecoin can reach $1 in the upcoming market cycle, aligning with historical trends where the coin has experienced significant pumps as Bitcoin's dominance declined. He also mentions a long-term target of $2, but emphasizes the realistic potential for Dogecoin to hit $1 during the next bull run.

Market Sentiment and Caution

While expressing confidence in Dogecoin's potential, the host warns against excessive optimism. He notes that previous bull runs have generally become smaller in percentage terms, making it less likely for Dogecoin to reach extremely high price levels. However, he believes Dogecoin will see a surge as Bitcoin surpasses its all-time high, redirecting market attention to altcoins.