Successful Analyst Expects a Sharp Rise in Dogecoin (DOGE)!

If money printing starts in the USA, the rise in BTC may flare up.

Cryptocurrency investors often invest in altcoins rather than Bitcoin (BTC) in the hope of high profit margins. Ali Martinez, an analyst closely followed by Turkish cryptocurrency investors, recently shared a new altcoin analysis.

Examining the popular joke altcoin Dogecoin (DOGE), Martinez thinks that DOGE will experience volatile rises if history repeats itself. Here is the latest DOGE analysis shared by Martinez:

“Dogecoin (DOGE) has formed the classic pre-mega bullish descending triangle pattern once again!

DOGE is currently in the consolidation phase after breaking out of the descending triangle.

“If history repeats itself, we may see DOGE rise towards $1 in the coming weeks.”

“Bitcoin was exhibiting movements in correlation with the Global Liquidity Index until 2024. This year, this trend was broken with sharp increases.

“We need money printing before the US elections for the BTC bull run to continue.”