Crypto analyst KrissPax has drawn the community’s attention to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon record a double-digit price surge. Dogecoin Price Eyes Double-Digit Surge In an X post, KrissPax predicted that the Dogecoin price could enjoy a double-digit surge […]
Using technical indicators like Fibonacci extensions and the Elliott Wave Theory, a crypto analyst pinpoints an ideal “sweet spot” for selling Bitcoin (BTC). According to the analysis, specific price zones have been identified as target BTC sell areas that investors and traders could use to exit positions strategically ahead of possible downtrend. Analyst Sets $169,000 […]
A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025. How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation. Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025. The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout. While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price seems to be in the early stages of a budding momentum with recent action in the past 48 hours. Particularly, a rebound has seen Dogecoin retesting the $0.34 price level in the past 24 hours. Notably, technical analysis of the Dogecoin price movement shows that the meme coin could now be gearing […]
Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal. Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to be more confirmations for this rally to be $0.48. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For In line with this, Swallow remarked that the Dogecoin price needs to see a weakening near that EMA zone before going for a downward movement. He explained that any signs of volume building up at that range could lead to a further move toward the $0.40 and $0.48 targets. Crypto analyst KrissPax also recently provided a bullish outlook for the Dogecoin price, predicting that a rebound was imminent. He stated that Dogecoin has broken out of a 2-week descending wedge. The crypto analyst added that after a retracement, the foremost meme coin could rally back over $0.40. In another X post, KrissPax revealed that the Dogecoin price just finished a retest on an upward-sloping resistance line as support and is already up 6% in this new year. He added that a continuation higher is expected. Based on the chart analysis, DOGE could rally to as high as $2, marking a new all-time high (ATH) for the foremost meme coin. The Dogecoin price could still rally to double digits in this market cycle based on predictions by several crypto analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could cross $11 before this year ends. 2025 Is A Bullish Year For DOGE In a recent X post, crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the foremost meme coin. The crypto analyst added that the upper resistance line indicates the DOGE top in this market cycle could be $3.63. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details The crypto analyst had before now predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin mirrors its 2021 bull run. Meanwhile, crypto analyst Master Kenobi also shared a prediction similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the foremost meme coin could at least surpass the psychological $1 level and reach $1.2. At the time of writing, the Dogecoin price is trading at around $0.33, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price’s market dynamics have taken an interesting turn as the cryptocurrency adjusts its cycle patterns following a sharp decline below the psychological $100,000 price level. Crypto analyst Bob Loukas shared his perspective on social media platform X, noting a potential shift from a 56-day to a 60-day cycle. According to the analyst, this raises the question of whether Bitcoin could rebound to the upside from here or continue its consolidation for the next two months. Bitcoin Price Shift To A 60-Day Cycle Cryptocurrency markets are influenced by cyclical patterns that have become an important part of crypto analysts’ technical analysis. These cycles are defined by repetitive patterns of highs, lows, and consolidations and are used by analysts who look at past performance to predict future price action. These are often combined with technical indicators like Fibonacci extensions and retracements and patterns of Elliot Waves. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details In the case of Bitcoin, Bitcoin’s price movements in the current bull market have been highlighted by a close mirror of previous cycles. According to technical analysis, the leading cryptocurrency has been playing out in a 56-day cycle for most of the current market cycle. This 56-day cycle was spotlighted by Bitcoin’s break over various price levels until it broke above the six-digit threshold at $100,000. After breaking above $100,000, Bitcoin seemed to stumble at first but eventually regained a bit of momentum to reach an all-time high of $108,135 on December 17. Since then, however, Bitcoin has entered a correction phase, even falling as low as $92,800 just three days after reaching this all-time high. As pointed out by crypto analyst Bob Loukas, this massive correction and consolidation in the past two weeks have prompted Bitcoin to move into a 60-day cycle. This change in cycle, although just by a few days, could have profound effects, and it remains to be seen how the market reacts. Was The Recent Decline Enough For A Reset? A move to a 60-day cycle suggests a subtle but meaningful change in Bitcoin’s market behavior. At the time of writing, Bitcoin is about to start a new cycle count that will play out in the next 60 days. Two possible scenarios could play out from here over those 60 days. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The first scenario is of a bullish momentum if the recent sharp correction may have already reset the cycle. In this case, we could see Bitcoin pushing up to new all-time highs in the next 60 days. The second scenario is less optimistic. It opens up the possibility of Bitcoin consolidating and trading within a narrow range for the next two months. At the time of writing, Bitcoin is trading at $96,146. If Bitcoin successfully transitions to a 60-day cycle and avoids another consolidation, it could pave the way for a recovery above the $100,000 level and bullish momentum throughout Q1 2025. Featured image created with Dall.E, chart from Tradingview.com
Technical analysis shows that Shiba Inu is currently at a critical juncture where it could either rebound to new multi-year highs or face declines to retest a few support levels. In light of this, a recent analysis on TradingView has highlighted crucial support and resistance levels that could dictate SHIB’s short-term movements. This analysis was made on the daily candlestick timeframe chart of SHIB against Tether (USDT), which reveals the potential for a substantial rally toward $0.000045 if key resistance levels are broken. Major Support And Resistance Levels For Shiba Inu According to the analysis, two significant resistance levels are important in SHIB’s path to the upside. The first is at $0.00003239 and represents an immediate hurdle that could attract sellers or trigger profit-taking. This is more revealing, considering it acted as resistance in December 2024. A decisive move above this level would signal bullish momentum. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The second resistance level is at $0.00004563 and is considered a psychologically significant barrier that might test the strength of market optimism. This is because this price level serves as the peak of Shiba Inu’s price movement in early 2024. If the bulls were to complete a successful move above $0.00004563, it could signal a move that would push Shiba Inu to challenge its current all-time high. On the downside, there are also two critical support levels that could prevent further SHIB price declines. The first notable support is at $0.00001035. Shiba Inu rebounded quite a few times on the upper end of this support zone in 2024, with the most notable bounce taking place on August 5. Historically, this level has demonstrated strong buy interest, making it a potential floor for the current trend. However, if the price fails to hold above this critical support level, the situation could shift significantly. A break below $0.00001035 would likely diminish buyer confidence, paving the way for SHIB to test even lower levels of support. Technical Indicators And SHIB Trading Strategy The analysis notes that key indicators, such as the MACD and RSI, currently suggest a neutral to slightly bearish sentiment for Shiba Inu. The MACD is flat with minimal momentum, while the RSI hovers near 40, slightly below the midpoint. These indicators, coupled with subdued trading volume, suggest that traders are awaiting a decisive breakout or break below the Shiba Inu price. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important For bullish traders, a stable upward move at this point could point to a target at $0.00003239 in the short term, with $0.00004563 as a longer-term goal. Conversely, a break below $0.00001035 could reinforce a bearish scenario. At the time of writing, Shiba Inu is trading at $0.00002239 and is up by 8% in the past 24 hours. According to a similar support level analysis by crypto analyst Ali Martinez, the $0.0000215 to $0.0000193 support zone must hold in order for Shiba Inu to stay bullish. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has witnessed an explosive increase in the number of large transactions, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE. Dogecoin Sees 41% Surge In Large Transactions IntoTheBlock data shows that Dogecoin has witnessed a 41% surge in large transactions, with […]
Crypto analyst Dima James has boldly predicted that the Dogecoin price could cross $11 in this new year. He alluded to DOGE’s weekly chart to explain why the foremost meme coin is well-primed to reach this price target. Dogecoin Price Primed To Cross $11 This Year In an X post, Dima James predicted that the Dogecoin price could cross $11 this year and reach $11.71. The analyst made this prediction following his analysis of Dogecoin’s weekly chart. His accompanying chart showed trend lines, which he noted are mathematically calculated and placed to provide an idea of where DOGE could end year 4 of this current cycle. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Alluding to the chart, Dime James noted that historically, the red line has consistently signaled the top in every cycle. Meanwhile, the line above the red one marks the exact cycle top in previous 4-year cycles (2017 and 2021). If history repeats itself, the crypto analyst believes this pattern will play out again this year, with the Dogecoin price reaching at least the red line, with the target above $11. The crypto analyst noted that in previous cycles, the Dogecoin price has increased exactly 37x from the start of year 4 to the end of that same year. Dogecoin began this year at $0.31660. Therefore, if history rhymes, Dima James boldly predicted that the foremost meme coin will end 2025 at around $11.71, 37 times the price at the start of this year. Dima James also raised the possibility of the Dogecoin price rising above $11.71. He noted that the red line for year 4 in 2025 begins at around $23 and increases over time. The line above the red one starts at $36 and also increases with time. The crypto analyst added that market participants can begin to expect this cycle’s peak depending on when Dogecoin reaches this red line. A More Conservative Price Target Crypto analyst Master Kenobi provided a more conservative target for the Dogecoin price, suggesting it could top between $1.2 and $3.4 in this market cycle. He stated that if DOGE breaks past its current all-time high (ATH) of $0.74 by the end of January, it could potentially test the $1.2 area, which he marked with the yellow trend line on his accompanying chart. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The analyst added that anything beyond the $1.2 Dogecoin price target would be a bonus, although not impossible. He remarked that if DOGE were to reach the orange line by the end of January, it would be valued at $3.4. The crypto analyst opined that the meme coin is unlikely to reach this target at this stage of the bull market. At the time of writing, the Dogecoin price is trading at around $0.33, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years. Despite ending the month at a 28% decline from this six-year peak, XRP has nonetheless achieved the highest monthly candle body close in its history. This interesting phenomenon was noted by crypto analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle. XRP Price Completes Highest Candle Body Close In History XRP ended December at a 6.94% gain from where it started, building upon an unexpected 281.7% increase in November, according to data from CryptoRank. This period of price increases saw XRP receiving considerable attention from crypto analysts and investors, with various predictions of a continued bullish momentum into 2025. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 However, Bitcoin’s failure above the $100,000 price mark seems to have stalled XRP’s momentum alongside many other cryptocurrencies. This caused XRP to spend the latter half of December in a correction plus consolidation path. Nevertheless, the bullish trajectory remains valid for XRP, with recent technical analysis by crypto analyst Tony Severino also lending voice to this. The XRP price registered its current all-time high of $3.40 in January 2018 but closed out the month at $1.124 to kickstart consecutive bearish candles on the monthly timeframe. As pointed out on the XRP monthly candles by Tony Severino, December 2024 was the highest monthly close for the XRP price. Although the cryptocurrency failed to break past its current all-time high during December, it managed to accomplish this notable milestone. While this isn’t much of a technical indicator, it lends voice to the lingering bullish momentum surrounding the XRP price, which has prevented further price declines below the $2 mark. Technical Analysis Points To $13 Price Target Crypto analyst Tony Severino also highlighted an interesting technical pattern playing out on XRP’s daily candlestick timeframe. According to the analyst, a bull flag seems to be emerging after XRP’s price correction in December. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The bull flag pattern identified by Severino is a technical setup often associated with significant price surges. It is characterized by the steep upward movement in November, followed by a period of consolidation in a downward-sloping channel in December. A breakout to the upside from the bull flag pattern typically leads to a continuation of the initial rally. In the case of XRP, Tony Severino projected a breakout that would see XRP surge to $13 in the coming months. At the time of writing, XRP is trading at $2.37 and is up by about 12% in the past 24 hours. Reaching the projected $13 target would translate to a 450% gain from the current price level. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has confirmed that the Dogecoin price has entered a consolidation zone after experiencing a recent market bounce above the $0.3 level. The analyst predicts that Dogecoin is now eyeing a new price target of $3.4, aiming to reach a new all-time high in 2025. Dogecoin Price Stabilizes In Consolidation Zone According to […]
Amidst recent fluctuations in the Dogecoin price and its market crash, a crypto analyst has shared a bullish forecast for this number one meme coin, identifying key support and resistance areas that could dictate its future price trajectory. The analyst has identified a “rock solid” support zone for Dogecoin, signaling a potential rally to new […]
The Bitcoin price crash to $91,000 was unexpected, driven by diminishing market dominance and rising volatility. Despite this setback, an analyst predicts an even bleaker outlook for the leading cryptocurrency. The formation of a bearish flag pattern suggests further price declines could be on the horizon, with the analyst projecting a steeper price plunge towards $90,000. Bearish Flag Pattern Signal Bitcoin Price Crash Pejman Zwin, a TradingView crypto analyst, released a chart analysis predicting a significantly bearish outlook for the Bitcoin price. The analyst based this gloomy forecast on the appearance of a bearish flag pattern and other key technical indicators. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 According to Zwin, Bitcoin is moving within a bearish flag pattern, a technical formation that often signals a continuation of a prior downtrend. If this flag pattern holds, Bitcoin is likely preparing to break downward, which could lead to severe price declines. The analyst indicated that the 50-day Moving Average (MA), around the $95,974 mark, acted as a key resistance or support level for Bitcoin. However, the cryptocurrency recently broke below this MA — a development considered bearish, suggesting further downside. Zwin also disclosed that Bitcoin is moving within a heavy support zone between $95,000 and $90,870. Additionally, he highlighted that the pioneer cryptocurrency is breaking through key support lines, signaling a potential continuation of the downward trend. Looking at Bitcoin’s price action relative to the aforementioned technical indicators and chart patterns, Zwin anticipates a significant price crash toward $91,000. The analyst highlighted that a decline to $91,000 was the minimum expected, which would occur if Bitcoin breaks current support lines. He also disclosed that if the heavy support zone is breached, BTC could face further bearish pressure, potentially revisiting lower price levels around $90,540. Interestingly, Zwin’s bearish Bitcoin price prediction follows a recent price crash to $91,000 on Monday. During this sideways trading Bitcoin’s market sentiment has declined, with its bearish price action showing no signs of slowing down. Although Bitcoin’s price suffered a sharp fall, it has quickly recovered and is now trading at $93,893. Nevertheless, a price drop to Zwin’s projected $90,540 target would result in a Bitcoin crash of approximately 3.6% Alternative Bullish Scenario While he projected a bearish outlook for the Bitcoin price, Zwin provided an alternative bullish scenario that could trigger a rebound. According to the TradingView analyst, around $95,974 could be a ceiling for Bitcoin’s price. If BTC can break above the resistance lines, it could invalidate the bearish flag pattern, signaling a potential reversal to the upside. Related Reading: Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible On another note, a market expert known as ‘Mister Crypto’ on X (formerly Twitter) has predicted an upcoming Bitcoin breakout to new levels. The analyst suggests that in the next two days, Bitcoin could overcome bearish trends and potentially resume its previous upward trend.
In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. According […]
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had earlier formed on the 4-hour timeframe. Dark Defender stated that the bull flag that formed on the daily chart targets the Fibonacci Level of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between. The analyst’s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP’s yearly chart, Dark Defender stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%. From An RSI Perspective Crypto analyst Egrag Crypto provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why Egrag Crypto said it would be “incredibly” bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing the bull run. Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn’t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run. At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin and Shiba Inu prices are falling today as the year draws to a close, sparking bearish sentiment among investors. This price drop is thanks to the sentiment in the broader crypto market and macroeconomic developments. Why The Dogecoin And Shiba Inu Prices Are Falling Today CoinMarketCap data shows that the Dogecoin and Shiba Inu […]
Although Ethereum is currently up by about 46% from the starting point at the beginning of 2024, December has been underlined by a notable correction. This correction saw Ethereum declining noticeably from a $4,000 price point in the middle of the month, and it now finds itself consolidating below $3,400. Crypto analyst Trader Tardigrade recently shared a bullish outlook for Ethereum in light of this consolidation. Particularly, the analyst has projected a surge to $8,000 sometime in 2025. Historical Pattern Says Bullish Trajectory For Ethereum Trader Tardigrade, known for identifying long-term market trends, took to social media platform X to share insights into Ethereum’s price potential. According to technical analysis, the second-largest cryptocurrency is now in its final consolidation phase before commencing a strong leg upwards. This consolidation has made ETH’s previous all-time high look unsurmountable, especially as it has faced resistance at the $4,000 price level multiple times in the current market cycle. Despite this, according to Trader Tardigrade, Ethereum’s target of $8,000 remains unchanged. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why The foundation of Trader Tardigrade’s analysis lies in ETH’s weekly candlestick chart, where patterns from the previous market cycle between 2018 and 2021 provide a roadmap for its current trajectory. During that earlier cycle, Ethereum consolidated near the $500 mark for an extended period, and its then all-time high of $1,500 seemed out of reach. However, this consolidation was followed by an explosive rally in 2021 amidst a backdrop of inflows and interest in the broader cryptocurrency market. Trader Tardigrade sees parallels between that historical period and Ethereum’s ongoing price action in the 2021–2025 cycle. Therefore, the cryptocurrency’s current consolidation phase is building the necessary momentum for a similar rally, one that could ultimately push Ethereum to an unprecedented $8,000 price. ETH Long-Term Holders Await Renewed Rally To New All-Time Highs Reaching the $8,000 price target would see Ethereum trading at new highs and 64% above its current all-time high of $4,878. Although this outlook is based on parallels with the 2021 rally, factors that could push ETH in the current cycle are very different than they were back then. Ethereum’s rally in 2021 was bolstered by interest in decentralized finance (DeFi), non-fungible tokens (NFTs), dApps, and smart contracts, of which ETH was at the forefront. Related Reading: Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible Recent market dynamics place factors such as institutional demand and inflows into Spot Ethereum ETFs as the major drivers of any projected Ethereum price rally at this point. Amidst this backdrop, on-chain data shows that Ethereum has attracted more long-term holders in 2024 compared to Bitcoin. As it stands, around 75% of ETH holders qualify as long-term holders, with many of them anticipating ETH’s move above $5,000 and beyond in 2025. At the time of writing, Ethereum is trading at $3,354, and a move to $8,000 would represent a 140% increase from the current price level. Featured image created with Dall.E, chart from Tradingview.com
Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a “thrust hire,” or it might morph into something else. Related Reading: XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025 Peter Brandt stated that as it stands now, it is a head and shoulders top pattern for the Bitcoin price dealt with for what it is. The legendary analyst isn’t the only one who has raised this bearish pattern for Bitcoin. Crypto analyst Aksel Kibar also highlighted a potential head and shoulders pattern that formed on the BTC chart. The analyst indicated that this bearish pattern put the Bitcoin price at risk of dropping to $80,000. He also raised the possibility of this pullback pushing the flagship crypto to the broadening pattern that completed with a breakout above $73,600. However, the analyst suggested that this bearish pattern can still be invalidated as it still needs to breach below the neckline before this breakdown becomes a real possibility. Crypto analyst Ali Martinez also recently provided a bearish setup for the Bitcoin price. He stated that a drop below $93,600 could send the flagship crypto to $80,000 or even $70,000. On the other hand, he remarked that BTC needs to break above $94,800 to confirm a price rebound. How It Could Play Out For BTC In an X post, crypto analyst Mikybull Crypto provided insights into how it could play out for the Bitcoin price. He stated that Bitcoin might experience a dump before heading to Q1 2025 before the final rally to a cycle top. He added that 2025 will be more volatile than most market participants expect. Related Reading: Dogecoin Price Gets Caught In Long Cup And Handle Pattern That Could Send Price Crashing Below $0.2 The analyst’s accompanying chart showed that the Bitcoin price could rally to a cycle top of around $130,000. Crypto analyst Jelle also recently predicted that BTC could reach $140,000 in the next three months. Despite Bitcoin’s current tepid price action, the analyst is confident that the crypto will still rally much higher. He stated that everything points to the Bitcoin price being higher a few months from now. The crypto analyst added that it doesn’t matter whether BTC drops to $87,000 in the meantime or not, as it will still rally higher later on. At the time of writing, the Bitcoin price is trading at around $93,600, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has successfully completed its final retest of a crucial support level, signaling renewed potential for a significant rebound. According to crypto analyst Trader Tardigrade, Dogecoin could be headed to new all-time highs, as historical chart patterns suggest a parabolic surge might be on the horizon. Dogecoin Price Concludes Final Support Retest In […]
The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corrections observed in both Bitcoin and Dogecoin. Bitcoin, after hitting an all-time high of $108,135 on December 17, has seen a retracement towards $93,000. Similarly, Dogecoin has faced pressure, dipping from its recent highs near $0.48 to settle just above $0.30 at the time of writing. According to technical analysis of both cryptocurrencies, an interesting correlation has emerged that points to Dogecoin surging to $5 in the next few months. The 800-Day Trend: A Case For Dogecoin’s Correlation With Bitcoin Bitcoin and Dogecoin have one of the biggest correlations among cryptocurrencies, particularly during market cycle transitions. Bitcoin has always led inflows and outflows into the crypto market, and Dogecoin has historically mirrored its price trends very closely. Related Reading: Doji Formation On Bitcoin Chart Suggests BTC Could See 2 Months Of Upside In The New Year As pointed out by a crypto analyst on social media platform X, these patterns often extend beyond immediate price movements. For example, the number of days between Bitcoin’s cyclical bottoms and Dogecoin’s subsequent peaks has shown a consistent rhythm. Particularly, technical analysis shows that there’s been a consistent pattern of approximately 800 days between Bitcoin’s bottom and Dogecoin’s next major peak. The historical data supporting this theory is compelling. This first time this pattern showed up was in 2017, when the Dogecoin price peaked 868 days after Bitcoin’s bottom of the preceding bear phase in 2015. Again, the 2021 bull rally exhibited this same phenomenon, with Dogecoin peaking at its current all-time high of $0.7316 875 days after Bitcoin’s bottom in 2019. What Lies Ahead For Dogecoin Price? The ongoing market cycle appears to be following a similar trajectory. Bitcoin reached its most recent bottom at $15,422 during the first half of 2023, following a long bear market that saw significant declines across the crypto industry in 2022 and early 2023. Since then, Bitcoin has entered a new bullish phase, gaining momentum in the second half of 2023 and throughout 2024. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 Keeping in mind the 800-day trend, Dogecoin’s next major peak could align with a timeline of approximately 800 days from Bitcoin’s 2023 bottom. This projection places Dogecoin’s potential peak around March or April 2024. In terms of price targets, the analysis provides an optimistic outlook for Dogecoin. Based on historical price performance and the scale of previous rallies, a price of $5 has been identified as a realistic target for Dogecoin around the projected timeline. At the time of writing, Dogecoin is trading at $0.32, down by 1.8% in the past 24 hours. If this trend repeats itself, Dogecoin’s price could soar by 1,460 % from its current levels to new all-time highs. While this seems ultra bullish, it pales in comparison to other predictions of Dogecoin price peaks. Several analysts have speculated that Dogecoin could hit as high as $20 in 2025. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price action over the past three weeks has been characterized by notable corrections and consolidations alongside the rest of the crypto market. Nonetheless, the enduring bullish sentiment surrounding the meme coin suggests that it may be on track to undergoing a significant upward movement very soon. Recent remarks from crypto analyst Javon Marks […]
As the crypto market prepares to close the year, the Ethereum price is showing strength against Bitcoin (BTC) as it aims for a mid-high timeframe reversal. A breakout above a critical resistance level could signal a potential shift in price action, paving the way for Ethereum’s dominance and potential rally in Q1 2025. Ethereum Price Poised For Breakout Against Bitcoin A crypto analyst, known as ‘Daan Crypto Trades,’ shared a price chart representing the ETH/BTC trading pair, providing a detailed analysis of the probability of a reversal and its impact on the strength of the altcoin market. According to the analyst’s X (formerly Twitter) post, the Ethereum price is attempting to form a higher low near the 0.786 Fibonacci retracement level at 0.0337, signaling the start of a potential trend reversal against Bitcoin. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 The 0.786 Fibonacci level appears to act as a strong support zone, indicating a possible shift from bearish to bullish. Daan also disclosed that the 0.04 BTC level has emerged as a key resistance level that needs to be broken for further bullish momentum to occur. The analyst emphasized that a breakout above the 0.04 BTC level would confirm the mid-high timeframe trend reversal. If this happens, it could significantly weaken Bitcoin’s dominance and indicate an increased strength in altcoins, especially Ethereum. In the context of the ETH/BTC analysis, a mid-high timeframe reversal suggests that Ethereum could establish a bullish trend over the next few weeks to months. This timeframe is also used to assess broader trends rather than short-term price movements. Moving forward, Daan revealed that historically, the ETH/BTC trading pair have performed well during the first quarter of the year, aligning with seasonal trends that typically favor altcoins. If this historical pattern holds, the analyst believes that a breakout above the 0.04 Bitcoin level could lead to a significant rally for Ethereum and the altcoin market. Additionally, this projected rally is expected to occur in Q1 2025, resulting in a significant surge from the 0.040 BTC level to the 0.046 mark, as indicated by the analyst’s chart. Implications On The Altcoin Season If Ethereum breaks out of the 0.04 BTC level, it could mark the beginning of a bullish phase not just for the second-largest cryptocurrency but for the broader altcoin market. Historically, Ethereum’s market performance has acted as a measure of altcoin strength. Related Reading: XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025 If Bitcoin’s dominance declines, it could trigger a surge of interest and demand from investors to altcoins. Currently, Bitcoin’s dominance is standing at 57.8%, still relatively high despite price declines and market volatility. For the altcoin season to fully kickstart, the market’s attention will need to shift from Bitcoin to alternative cryptocurrencies. A crypto analyst, identified as the ‘Crypto Rover’, disclosed in a recent post that Bitcoin’s dominance is experiencing a bearish retest and could potentially decline to 42%. If this occurs, the analyst asserts that it would be incredibly bullish for altcoins, potentially marking the start of the anticipated altcoin season. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action while making reference to the Bitcoin halving and previous cycles. Using these metrics, the analyst revealed what phase of the bull Dogecoin is currently in and what next to expect for DOGE. What Next For Dogecoin Price Based On Bitcoin Halving And […]
The Dogecoin price is consolidating around the $0.3 mark after declining by more than 21% in the past month. A crypto analyst has identified a new Cup and Handle pattern, suggesting that the top meme coin is likely headed for more pain, with a potential crash below $0.2. Chart Pattern To Trigger Dogecoin Price Crash A TradingView analyst known as ‘Cryptechcapital’ has shared a chart representing an Elliott Wave analysis of Dogecoin’s price movements on a long-term weekly time frame. While the analyst has provided a detailed report on Dogecoin’s present Elliott Wave structure, he has identified the formation of a textbook Cup and Handle pattern. Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish A Cup and Handle pattern is a technical indicator that signals a period of consolidation before a breakout. While it is typically considered a bullish signal that extends an uptrend, the crypto analyst has noted that its appearance in Dogecoin‘s chart points to a significant price correction to new lows. The analyst’s Dogecoin price chart outlines a 5-wave impulse structure from 1 to 5. Dogecoin is currently at Wave 4, a correction wave, where prices retrace and move sideways for a prolonged period. The handle of the Cup and Handle pattern also corresponds with Wave 4 of Dogecoin’s 5-wave structure. In the immediate term, the TradingVolume analyst has predicted a significant Dogecoin price crash once it completes Wave 4. He suggested that if the Cup and Handle pattern holds, Dogecoin may experience downward pressure over the next week. The analyst also added that the broader cryptocurrency market might face similar bearish headwinds, particularly with the rising market volatility and Bitcoin’s declining price. While the exact levels of the analyst’s projected decline are not specified, Wave 4 corrections are usually known to retrace significant portions of the previous Wave 3 gains. This means that if Dogecoin experiences a price decline during Wave 4, a potential dip below $0.2 could be possible. Dogecoin Crash First, Recovery Next? While Cryptechcapital has predicted a significant price crash for Dogecoin, he also asserts that this anticipated correction could pave the way for a powerful rebound. The TradingView analyst revealed that after the completion of Wave 4, Dogecoin is expected to enter Wave 5, signaling the end of its bearish phase and the beginning of a potential price rally. Related Reading: Bitcoin Price Retests Support Line After Crash Below $95,000, Here’s The Next Target As mentioned above, the Cup and Handle pattern often signals the final consolidation phase before a price breakout. The TradingView analyst has predicted that Dogecoin could undergo a severe price crash before triggering a price recovery to the coveted $1 mark. The analyst’s price chart also highlights that if Dogecoin achieves a local high instead of continuing its projected correction, the Cup and Handle pattern will be invalidated. This development would require a new forecast for Dogecoin’s price trajectory. Featured image created with Dall.E, chart from Tradingview.com
You could argue that the cryptocurrency market maintains its confidence despite the Bitcoin price experiencing a significant drop to $94,000. Although price action says otherwise, this confidence is highlighted through various predictions from crypto analysts on social media and on TradingView, which cuts across various cryptocurrencies. Amidst the price decline and market optimism, the Crypto Market Fear and Greed Index continues to point to greed, which leans toward the idea of a momentary dip before a broader recovery. Bitcoin Price Crash Stalls Bullish Momentum The crypto industry has largely exhibited bullish momentum throughout 2024, with many cryptocurrencies reaching new multi-year highs. This momentum was led by Bitcoin, which broke through its 2021 all-time high of $69,000 in the middle of 2024 to eventually break above the $100,000 psychological level for the first time on December 5. Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish However, Bitcoin’s price action since crossing over the six-digit price threshold has been mostly full of corrections. Although it peaked at $108,135 on December 17, the past 12 days or so have been highlighted by price declines. Notably, Bitcoin has corrected as low as $92,600 in the past seven days, essentially leading to a cascade of declines among other cryptocurrencies and stalling the bullish momentum. Bitcoin’s descent has surprised many crypto traders, considering its strong rally in recent months. Analysts attribute this correction to profit-taking by a few long-term holders and a temporary slowdown in market activity. Crypto Market Sentiment Stays In Greed Despite recent price declines, HODLing trends suggest that the cryptocurrency market remains on track to sustain its rally into 2025. This sentiment is reflected in the Fear and Greed Index, which continues to hover in the greed zone, signaling confidence among investors. The index is derived from a combination of key metrics, including market volatility, trading volume, social media sentiment, Bitcoin dominance, Google search trends, and surveys. Each component is carefully weighted to gauge the market’s psychological state. Related Reading: Bitcoin Price Retests Support Line After Crash Below $95,000, Here’s The Next Target At the time of writing, the Crypto Fear and Greed Index, according to alternative.me, is at a reading of 72, which is in the Greed threshold. This relays investor confidence across the various market indicators and suggests that traders perceive the dip as a buying opportunity rather than a cause for panic. This greed sentiment is relayed through a few buying trends across notable cryptocurrencies. For example, on-chain data from crypto analytics company Santiment shows that Dogecoin whales have bought over 90 million DOGE tokens in the past 48 hours. With this in mind, analysts are optimistic about a broader market recovery in the coming weeks. Technical indicators point to a rebound led by Bitcoin if it can continue to hold above support levels around $92,000. At the time of writing, Bitcoin is trading at $94,400 and is down by 12.8% since it reached $108,135 on December 17. According to crypto analyst Ali Martinez, such corrections (between 20% and 30%) are the best thing to always happen to Bitcoin in every bull cycle. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has continued its decline over the past two weeks into the last 24 hours. Particularly, Dogecoin has yet to start a notable momentum above the $0.30 threshold, although it has largely held up above $0.31. Amidst this price decline, the Relative Strength Index (RSI) indicator has relayed a similar decline, which was […]
The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000. A crypto analyst has predicted that if it can hold this key support level, it could stage a recovery and skyrocket to its next bullish target, aligning with the upper resistance line of the channel. Bitcoin Price Retest Support Line; New Target In Sight In a chart illustrating Bitcoin’s price movement within an Ascending Channel, Trader Tardigrade, a crypto analyst on X (formerly Twitter), revealed that the cryptocurrency has temporarily declined below the lower support line on the channel. The analyst labeled this decline a “False Break,” highlighting that the Ascending Channel remains intact despite the drop. Related Reading: Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow? As indicated by the red circle in the price chart, the False Break suggests that Bitcoin’s brief move below the support level was short-lived and does not confirm the continuation of its previous downtrend. Trader Tardigrade noted that after Bitcoin’s False break, the cryptocurrency quickly moved back into the Ascending Channel to reclaim the lower support line. Interestingly, Bitcoin’s drop below the False break comes as the pioneer cryptocurrency experienced a sharp price crash below $95,000. Lately, the flagship cryptocurrency has been under significantly bearish pressure, recording notable declines as market volatility intensifies. Despite this bearish performance, Trader Tardigrade has disclosed that Bitcoin is now retesting the channel’s support line again, aiming to break above and trigger a price reversal. The analyst predicts that if Bitcoin can hold this support line, it will likely continue moving upwards within the channel. Consequently, the analyst has forecasted that Bitcoin’s next price target would be the upper resistance line of the Ascending Channel. Looking at the price chart, the channel points upwards towards a range between $110,000 and $112,000. If Bitcoin can successfully recover toward the upper resistance line, it could signal the continuation of a bullish trend within the Ascending Channel. Additionally, a breakout above the resistance line could further validate the bullish momentum, setting up a stage for Bitcoin to potentially target higher price levels and possibly retest its all-time high. Related Reading: Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again Analyst Says Bitcoin Could Crash To $87,000 Bitcoin is currently in a downward trend, experiencing severe price declines despite analysts’ optimistic projections of a price surge. According to crypto analyst Titan of Crypto, the Bitcoin price could see another decline, with the support level at $87,000 being the next target. However, according to the analyst, a drop to this price low could bring “maximum pain” to both short—and long-term investors. Nevertheless, Titan of Crypto believes this severe price decline could also present a strong foundation for Bitcoin’s next price rally. He emphasized that price movements are rarely linear, highlighting the crypto market’s inherent unpredictability and volatility. Despite Bitcoin’s bearish behavior, Titan of Crypto confidently predicts that a price rally to $110,000 is inevitable. Featured image created with Dall.E, chart from Tradingview.com
Historical data shows that the Ethereum price could enjoy huge gains in the first quarter of 2025. Based on this data, crypto analyst Kaduna predicted that the second-largest crypto by market cap could usher in the altcoin season at the start of the new year. Historical Performance Shows What To Expect From Ethereum Price CryptoRank data shows that the Ethereum price could enjoy positive monthly gains throughout the first quarter of 2025. This is based on historical trends that show that Ethereum enjoyed green monthly closes in Q1 of the 2017 and 2021 bull runs, the following years after the Bitcoin Halving. 2025 is expected to follow 2017 and 2021, as the Halving event occurred this year. Related Reading: Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again In 2017, the Ethereum price enjoyed gains of 34%, 47%, and 215% in January, February, and March, respectively. Meanwhile, in 2021, Ethereum recorded gains of 78%, 7%, and 35% in the first three months of the year. Therefore, ETH could replicate such massive gains in the first quarter of next year. Based on this historical trend, crypto analyst Kaduna suggested that this isn’t the time to bearish on the Ethereum price, as he advised market participants not to fumble their ETH bags. The analyst added that ETH will lead the altcoin season, possibly as it replicates the 2017 and 2021 Q1 performances next year. This historical trend provides a bullish outlook for the Ethereum price, which has underperformed this year compared to other major cryptocurrencies. Ethereum boasts a meager year-to-date (YTD) gain of around 47%. Moreover, the second-largest crypto has struggled to hold above the psychological $4,000 level and has come nowhere close to its current all-time high (ATH) of $4,800. However, it is worth mentioning that the Ethereum price hit its current ATH in 2021. As such, if ETH replicates its 2021 run in 2025, then it could easily reach a new ATH. ETH’s Time Will Come Crypto analyst Ted provided a bullish outlook for the Ethereum price, stating that ETH’s time will soon come. The analyst cited another data, which shows that the first quarter of 2025 will be huge for Ethereum. He noted that ETH and BTC’s dominance move inversely during a bull run. Currently, Bitcoin’s dominance is on the verge of a big leg down, which is why Ted is confident that ETH will soon pump to new highs. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ In line with this, Ted boldly predicted that the Ethereum price will reach $10,000 in 2025. Crypto analyst Trader Tardigrade also provided a bullish outlook for Ethereum. He stated that the crypto has completed the contracting triangle as a local bottom. His accompanying chart showed that ETH could rebound towards $4,000. At the time of writing, the Ethereum price is trading at around $3,380, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The altcoin season could be closer than ever, as the Bitcoin Dominance has entered a historically favorable phase for alternative digital assets. According to a crypto analyst, the altcoin season has officially entered the 140-day Golden Window, a period marked by significant growth for altcoins. This phase is driven by a shift in Bitcoin’s dominance […]
The Bitcoin price is still in a correction phase under $100,000, as it is currently down by 1.93% in the past 24 hours. Nonetheless, crypto analyst Titan of Crypto is sure that the leading cryptocurrency is still maintaining its trajectory to the $110,000 mark. According to the analyst, Bitcoin at $110,000 is inevitable, although there remains the possibility of more price declines in the short term. Bitcoin Price $110,000 Path And Current Correction Phase Bitcoin fell short of the $110,000 mark when it peaked at $108,135 on December 17. However, the cryptocurrency has been on a notable correction path since then and is currently about 12% below this price level. Interestingly, the Bitcoin price even corrected to $92,600 on December 23, which translated to a 14.36% decline in five days from the $108,135 all-time high. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ Although the Bitcoin price has recovered a bit since then, it has extended its correction below the $100,000 psychological threshold without any sign of a strong break to the upside. However, Titan of Crypto reaffirmed his long-term bullish stance on Bitcoin, stating that the $110,000 price level is “inevitable.” According to his analysis, Bitcoin is only undergoing a correction phase, a necessary consolidation before its next upward movement. Although the correction has largely held up above $90,000, there is still a possibility of a break below during this consolidation phase. With this in mind, Titan of Crypto highlighted that if Bitcoin were to experience further declines, the $87,000 mark could represent the “maximum pain.” This is the lowest threshold that the Bitcoin price can go to in order to keep the bullish sentiment alive among Bitcoin holders. Technical Analysis Shows Cup And Handle Pattern In Play The technical analysis is based off of Bitcoin’s price action after breaking out of the neckline of a cup and handle pattern. According to the chart below, this cup and handle pattern played out throughout the 2022 bear market, the 2023 recovery, and the 2024 bull market. Recent bullish price action in October and November saw the Bitcoin price breaking above the neckline, which opened up the stage for a bullish run. In a prior post immediately after the breakout, Titan of Crypto highlighted a price target of around $110,000, although noting the possibility of a correction before reaching the target. This correction has played out exactly as intended with the recent price decline in the past two weeks. Related Reading: Ethereum Total Value Locked Reaches Highest Level Since 2022 After Crossing $90 Billion, Will Price Follow? At the time of writing, Bitcoin is trading at $95,906. Reaching the $110,000 target would translate to a 15% return on investment from the current price. In another analysis posted on social media platform X, the analyst hinted at the possibility of $120,000 being the peak for Bitcoin this cycle based on Fibonacci Circle analysis. This price target dwarfs in comparison to predictions from other analysts, with projections ranging from $250,000 to $1 million. Featured image created with Dall.E, chart from Tradingview.com