What to Expect in the Bitcoin, Dogecoin and General Altcoin Market? Analysts Explained

Bitcoin, Dogecoin, and Altcoin Market Analysis

Cryptocurrency analyst Michaël van de Poppe has provided insights into the Bitcoin, Dogecoin, and the broader cryptocurrency market.

Dogecoin (DOGE)

Van de Poppe believes Dogecoin has potential for a significant rally. He suggests that DOGE could potentially reach $1 within the current market cycle. At the time of writing, DOGE is trading at $0.1556, having reached a peak of $0.73 previously.

However, fellow analyst Ali Martinez expresses a bearish sentiment for DOGE, comparing it to its market behavior at the beginning of February.

Altcoin Market

Van de Poppe notes that the total market capitalization of altcoins is technically consolidating and poised for an upward move.

Bitcoin (BTC)

Van de Poppe describes the past week as relatively quiet for Bitcoin. He anticipates a potential drop to $60,000 if BTC fails to break the $70,000 resistance level.

Disclaimer: This information does not constitute investment advice.