In a recent video, the host of VisionPulsed provides an insightful analysis of Dogecoin’s potential bull run, emphasizing its timing in relation to broader crypto market cycles.
The crypto analyst noted that significant upward movements in the market typically occur 150 days after the Bitcoin halving. This is projected for September 23, 2024.
However, he cautions that the major price surge for Dogecoin may not happen immediately but is expected later in the year.
Acknowledging the current bearish sentiment in the market, the host indicates that September may not yield major price increases for Dogecoin, as the market is still in a consolidation phase.
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However, he anticipates a final downturn soon, after which Dogecoin and other altcoins should begin their ascent as October approaches.
Dogecoin’s Relationship with Bitcoin
The analyst explains that Dogecoin often mirrors Bitcoin’s price movements during bull runs. Historically, when Bitcoin breaks its all-time high, its dominance in the market tends to decrease. This enables altcoins like Dogecoin to gain traction.
He notes that Dogecoin’s most substantial price increases—often described as “parabolic rises”—tend to occur after Bitcoin’s dominance declines following such breakouts.
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Timing Predictions for Dogecoin
Drawing from previous market cycles, the analyst discusses Dogecoin’s behavior in relation to Bitcoin. He points out that in past cycles, Dogecoin entered a “point of no return” approximately 750 to 830 days after Bitcoin’s cycle bottom. This leads to rapid price growth.
Based on this historical pattern, he speculates that Dogecoin could experience its next major price surge around November 2024. This could also extend into early 2025.
The analyst identifies October 2024 as a crucial timeframe for Dogecoin. He anticipates that while September may remain quiet, the altcoin market, including Dogecoin, is likely to rally starting in late October and into early 2025.
He predicts that the period from November 2024 to March 2025 could be particularly strong for Dogecoin, with significant price movements expected during that time.
Price Targets for Dogecoin
The host is optimistic that Dogecoin can reach $1 in the upcoming market cycle, aligning with historical trends where the coin experiences significant pumps as Bitcoin’s dominance wanes.
He also mentions a long-term target of $2, but his primary focus remains on the realistic potential for Dogecoin to hit the $1 mark during the next bull run.
Market Sentiment and Caution
While the host expresses confidence in Dogecoin’s potential, he warns against becoming overly optimistic—what he terms “hopium.” He notes that previous bull runs have generally become smaller in percentage terms, making it less likely for Dogecoin to reach extremely high price levels (like $5 or $10).
Nevertheless, he believes Dogecoin will see a surge once Bitcoin surpasses its all-time high, shifting market attention to altcoins.
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The post Crypto Analyst Points to When Dogecoin (DOGE) Bull Run Will Start, Projects a Spike to $1 and $2 appeared first on CaptainAltcoin.
