Analysts Provide Insights on Bitcoin, Ether, and Dogecoin Price Predictions

By COINTURK NEWS
11 days ago
DOGE BTC DOGE

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A popular cryptocurrency analyst has shared a price prediction for Bitcoin (BTC) , targeting $90,000. This article will also address predictions from various analysts regarding DOGE, ETH, and the general outlook for altcoins, particularly in light of recent market conditions. At the time of writing, BTC was priced at $61,440, while altcoins experienced a 5% decline due to the latest downturn.

Bitcoin and Altcoin Commentary

Crypto analyst and trader Jelle noted on October 2 that the important support level for BTC remains intact, suggesting that an upward movement will begin with the breakout of a descending widening wedge. While short-term movements may seem insignificant, a longer-term analysis of the chart clarifies the upward potential. Despite interim setbacks, the analyst maintains a target of $90,000.

Mustache has shared expectations for the general altcoin market. In a chart published today, the analyst observed the dominance of USDT in a weekly period and warned of a potential significant decline. A drop in USDT dominance could lead to an influx of cash into cryptocurrencies.

“Rising expanding wedges rarely yield positive outcomes. In most cases, they indicate a downward trend. USDT dominance has been fluctuating in this formation for six months. We can expect the beginning of an altcoin season once the decline starts. Make sure to seize the opportunity.”

Historical data for the last quarter fuels optimism, alongside details like the USDT dominance chart. If projections hold, we may witness impressive gains in altcoins over the next six months.

ETH and DOGE Price Predictions

Two significant cryptocurrencies worth monitoring are Dogecoin and Ether. Dogecoin stands as the largest asset among meme coins, while Ether is the largest altcoin. The potential rise of these two could signal broader gains across the crypto market. Trader XO recently stated regarding ETH:

“I believe conditions are suitable for ETH to form a new low before a larger peak. BTC is also targeting a deeper local low.”

According to the chart, a triple bottom target suggests a new attempt at $2,200. Crypto Bullet expressed satisfaction with the maintenance of the MA50 support in the DOGE chart, indicating that a deeper low is not anticipated.

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