Altcoins steal the spotlight as BTC dominance diminishes.
Pioneer memecoin Dogecoin shows highly bullish movement on its price chart.
Analyst expects the price of DOGE to hit $20 this bull cycle.
With Bitcoin’s momentum slowing down, the crypto market sentiment is going down as well. Presently, the crypto market is at a score of 73 marking a ‘greed’ sentiment a fall from the ‘extreme greed’ sentiment that had taken over for a few weeks prior. While sentiment is down, seasoned analysts view this as a price opportunity to accumulate.
Altcoins ETH and DOGE Steal BTC Spotlight
In the eyes of experts, the price of BTC is in recovery and will likely hit lower lows before surging to hit much higher cycle top prices in the new year ahead. Meanwhile, analysts are shifting sights to altcoins instead. Historically, most altcoins perform parabolic pumps in Q1 following a Bitcoin Halving year.
https://twitter.com/chandlerbingpl/status/1873147424774005139 $20 DOGE Price Possibility Takes Root
Specifically, analysts are keeping a close eye on ETH and DOGE. The former is expected to lead the coming bull phase of the ongoing altseason while the latter is expected to make significant gains in the coming months of prime altseason. As we can see from the post above, DOGE repeats the same bull cycle top performance.
https://twitter.com/JavonTM1/status/1873026618584908172
It accumulates for 178 days, sees a rise in 59 days to hit a yearly high then 125 days later, it sets a cycle top price. This analyst says the same setup is now unfolding. Meanwhile, another popular analyst says much the same as depicted in the post above. However, this analyst seems to be more bullish on DOGE as he marks a possibility for DOGE price to hit $20 this bull cycle.
The post $20 DOGE Cycle Top Prediction Calls Attention as Analyst Breaks Down Dogecoin’s Bullish Price Movements appeared first on Crypto News Land.
