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Dogecoin has had a tumultuous 2024, with significant highs followed by some unfortunate lows. However, everything started to change significantly when Elon Musk announced the launch of DOGE department, which internet detectives praised as an organization inspired by Dogecoin itself. As Dogecoin continues to ride this new and unfamiliar surge, will it reach even higher prices? An analyst asserts that it will. Will Dogecoin Increase by 570%? Dogecoin is currently one of the most popular cryptocurrencies in this space. This cryptocurrency has had a significant 2024 with new developments that have taken it to new heights. The recent change in political regime in the United States has contributed significantly to the recent increase in Dogecoin, especially with the announcement of Musk and Ramaswamy's Government Efficiency Office, or DOGE, as a new department to monitor government spending and expenses. Such lucrative developments play a key role in driving the speed of the token. However, one cryptocurrency analyst predicted a strong bull run of Dogecoin in the near future. According to Javon Marks, Doge is still counting on a very high price rally that could soon become a reality. Marks used X to share a new tweet, referring to the expanded Fibonacci statistics of Doge. He shared that if the price of Doge spikes above the 1.68 Fibonacci expansion level, as it did in one of the previous Doge price cycles, then the token could surge freely, reaching a peak of $2.28 in the process. This signals that Dogecoin has surged nearly 570% during this period, creating a new price increase. "Update $DOGE (Dogecoin): History remains unchanged and still indicates a high probability that the price will rise TO and ABOVE the 1.618 Fibonacci extension level, as it has done in every previous cycle, and this time. This will lead to a increase of over 570% from here to $2.28 and above!" Analysis of the Near Future Price of the Token In addition to Marks, technical price indicators such as CoinCodex have a different price story to tell. According to CC$DOGE
Buy now or Cry later!!😓 The Altcoin season is coming next month, which is expected to usher in an explosive surge, but the premise is that you have to buy the coins that will rise the most. In addition, the market may experience a phased adjustment this week, which is the second bottom of the "golden pit" dumped by big dump before. This second bottom may stabilize above the low point in the previous few days, or it may fall slightly below the previous low, which doesn't need to be too concerned. The current operation strategy is not to be fully invested. If you are fully invested and there is a dump, you will lose a lot if you don't have money to increase the position. Don't miss the opportunity of Margin Replenishment. Keeping the total Position between 60% and 70% is okay, leaving some funds for Margin Replenishment. After this adjustment, the market will not have a lower point again, and then Altcoin will continue to rise, rise, and rise again, with new highs again and again. You must seize this great opportunity. When the bottom is really established, I will remind you in time. Just be patient and wait!$XRP is more bullish by next month
Market is extremely bullish this Christmas and the upwards trend will continue for a while. #BTC will most likely close the market at 100k+ and will go beyond in 2025. If this trend continues, we might see the biggest crypto Bull Season ever.
Look out for $BTC , $DOGE , and $PEPE these days. Memes are very popular this Christmas. You gotta ride the wave. 🌊
I feel that this Bull Market is really similar to the last one, like a 'routine' of the Market Maker. Although this kind of metaphor is a bit cliché, it's quite appropriate. Retail investors understand it in their hearts, but they still can't help falling into the pit at critical moments.
Looking back at the rhythm of the last market:
In March, BTC broke the historical record, leading to a crazy pump of Altcoins.
As a result, in April, the entire market experienced a big dump all at once, and even Altcoins were not spared.
By the end of May, BTC slowly rebounded, finally retesting the previous high point, and Altcoins also followed with the final big pump.
Now it seems that BTC is likely to once again challenge that high point, and Altcoins will also usher in a Fluctuation, then enter a long adjustment period.
As for whether BTC will challenge 100,000+, that should be a peak of this Bull Market, rather than the ultimate goal.
Speaking of making money, those Wall Street folks are more patient than retail investors. They understand waiting for the market cycle, and the real opportunities often quietly come after the adjustment.
Is this the bullish market you were expecting? - Do you think that a bull market means all coins will keep rising and never pull back? You are mistaken. - Anyway, the rhythm of the bull markets I've experienced has always been like this. Initial Stage: Leading by Bitcoin. Mid-term: Bitcoin leads the way, altcoins follow the rise, strong and hot sectors will perform well. Later stage: After the pie peaked, it fluctuated widely, and the aunt led the entire cottage market to complete the peaking market. - Agree?
Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K : The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard. As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others.Bitcoin Stopped at $100K Bitcoin went through amassive correctionlast week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500. However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated anotable price increasethat pushed bitcoin up to $99,200 on Christmas Eve and almost $100,000 yesterday evening.$BTC $AVAX $XRP
TRB is a cryptocurrency currently priced at $74. Expectations suggest it may rise to $85 or more in the coming days, reflecting potential market optimism and investor sentiment. driven by positive market trends and potential investor interest. If btc price is okay with no fluctuations then it could be happened
With the 4 hours candlestick pattern,It show the wave to the price 85.00$ or above.It is not a financial advise.
Bitcoin slumps 12% over past week as Mt. Gox repayments flood market
In the past week, the price of Bitcoin has fallen by nearly 12% to about $55,700 of noon ET on Monday. The original cryptocurrency's latest dip, experts told Fortune, is largely due to an uptick in on-chain selling.
One catalyst for the recent selloff stems from repayments made by Mt. Gox, according to Matteo Greco, a research analyst at investment firm Fineqia International. The Tokyo-based crypto exchange went bankrupt a decade ago following a hack, but it's begun to return about $8 billion in Bitcoin to creditors. # According to Greco, so far it's been verified that 47,228 Bitcoin from a Mt. Gox–associated wallet have moved to a new address likely designated for repayments. Although investors may be required to wait up to three months to access the funds, news of repayments spooked the market and triggered current holders to begin selling, says Greco.