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Market Experts Predict Price Movements for Dogecoin and Bitcoin

Release: 2024/10/09 01:33 Reading: 560

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/67056880fb65036da58cf0a0

Market Experts Forecast Price Movements for Dogecoin and Bitcoin

Dogecoin's price currently stands at $0.106, maintaining critical support at $0.105. A prominent analyst has set a target of $1 for Dogecoin (DOGE).

Dogecoin (DOGE)

DOGE must sustain $0.105 to continue its upward trend. Bitcoin's decline below $63,000 has intensified altcoin sell-offs. Notably, DOGE whales have recently accumulated holdings, indicating renewed interest for potential peaks in the months ahead.

Mikybull suggests that Trump's potential victory could be a reason for optimism.

"I believe Trump's presidential victory could push $DOGE above $1 in this cycle. History does not repeat itself, but it rhymes."

Bitcoin Expert Insights

Yoddha and Daan Crypto Trades have provided forecasts for BTC.

Yoddha analyzed a BTC chart over ten days, emphasizing the importance of long-term consolidation. The target for BTC is set at $130,000, based on historical trends.

Daan Crypto Trades analyzed a four-hour chart:

"Bitcoin has been trading alongside the 4-hour 200MA/EMA. It held support but is retesting the 4H 200EMA. As long as these levels are maintained, the short/medium-term momentum favors the bulls. However, I want to see the price continuing and rising."

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