Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Nov / 01
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- Bitcoin Price Dips, But Analyst Optimistic – Here’s Why $78k is Next
- Nov 01, 2024 at 03:49 pm CaptainAltcoin
- Despite a recent dip from its peak, Bitcoin remains within a consolidation phase near $70,222. Analyst Ali identifies $69,000 as a crucial support level, potentially leading to a rally towards $78,000 if maintained. This aligns with Bitcoin's price channel, where it oscillates between upper and lower bounds, indicating a positive upward trend.
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Sep / 24
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- Bitcoin on Fire! China’s Stimulus Fuels $78k Target—Will It Break New Records?
- Sep 24, 2024 at 08:51 pm ICOGemHunters
- Bitcoin is poised for a significant breakout as technical analysis and the People's Bank of China (PBOC) stimulus package create a bullish sentiment. China's $140 billion liquidity injection aims to bolster the real estate market and stimulate the economy, historically leading to increased demand for assets like Bitcoin. Technical analysis shows a classic "bull flag" pattern, indicating a potential surge towards $78,000. Global liquidity supports the rally, with Bitcoin's positive response to China's past liquidity infusions. However, analysts caution that resistance levels at $65,000 and $68,000 must be overcome for the upward trend to continue.
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