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DOGE, the largest meme cryptocurrency by market cap, has witnessed a notable downturn this week amid Bitcoin’s post-halving correction. The Dogecoin falling for five consecutive days tumbled, the price from $0.164 high to $0.146 registering an 11.17% loss. However, the asset price currently retesting crucial monthly support of the triangle pattern indicates a possibility of The post Dogecoin Buyers Eyes Key Triangle Pattern for Next Price Move appeared first on CoinGape .

Dogecoin Buyers Eyes Key Triangle Pattern for Next Price Move

Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has topped. He further alluded to an “exponential decay,” which he noted could be used to describe Bitcoin. Brandt’s exponential decay thesis is based on the fact that Bitcoin’s percentage gain has significantly reduced in every subsequent bull cycle. Related Reading: Ethereum Withdrawals From Exchanges Top 260,000 ETH – What This Means For Price For context, Bitcoin, according to the crypto expert, recorded a 122x increase from its market low to market high between 2015 and 2017. However, that was only 21.3% of Bitcoin’s price gain in the previous cycle (between 2011 and 2013). Source: X Brandt further noted that the same thing happened between 2018 and 2021. Despite a 22x increase from its market low to market high, Bitcoin only recorded 18% of the price increase it saw in the previous cycle. Having laid this premise, the crypto expert concluded that this market cycle shouldn’t be any different as Bitcoin will likely see about 20% of the price gain recorded in the previous cycle. Taking $15,473 as the market low for this cycle, he noted that 20% of the previous cycle’s gain would mean that the market high for this cycle was supposed to be $72,723, a price level that Bitcoin already hit on its way to a new all-time high (ATH) of $73,750. Meanwhile, the crypto expert acknowledged that Bitcoin historically records its most price gains after the Bitcoin halving, which just recently occurred. However, he added that the crypto community has to deal with the fact of the exponential decay, which has made him believe there is a 25% chance that Bitcoin has already topped this cycle.” Why The Exponential Decay Might Be Bullish For Bitcoin Brandt mentioned that Bitcoin would likely drop to the mid $30,000 or its 2021 lows if it has indeed topped. He, however, added that this decline could be the “most bullish thing that could happen from a long-term view.” Related Reading: Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges From a “classical charting point of view,” the crypto expert hinted that Bitcoin was still primed for major parabolic moves to the upside, even though it doesn’t happen now. Source: X He also shared an example of what Bitcoin’s chart could look like when this move happens with the crypto token rallying above $100,000. Brandt also alluded to Gold’s chart from August 2020 to March 2024 as an example of what Bitcoin’s price action could look like soon enough. Interestingly, he recently predicted that Bitcoin will soon be “King over Gold.” BTC price drops below $63,000 | Source: BTCUSD on Tradingview.com Featured image from Forkast News, chart from Tradingview.com

Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing

The Bitcoin halving is in full effect, and the excitement about a potential bull market is palpable across all crypto communities, including Dogecoin. However, while both Bitcoin and Dogecoin might remain good investment targets in 2024, the biggest gains are reserved for promising projects that have yet to scratch the surface of their vast moon …

DeeStream Captures the Attention of Crypto Elites: Bitcoin and Dogecoin Investors Eye Paradigm Shift in Streaming

In light of the underwhelming U.S. GDP growth data and its potential impact on the Federal Reserve’s future actions, the price of Dogecoin has experienced a decline, aligning with the broader crypto market’s adjustments. At the time of writing, the value of Dogecoin (DOGE) stands at $0.1461, reflecting a slight 0.2% increase within the past

Why is the Dogecoin price down today?

Check out which meme coin may join the company of DOGE and SHIB (according to ChatGPT).

We Asked ChatGPT Which Will be the Next Meme Coin to Hit $10B Market Cap

In what could be a knock-on effect from the traditional market, which saw the Japanese yen tumble to a 34-year low against the U.S. dollar, leading cryptocurrencies such as Bitcoin, Solana, and Dogecoin all saw their prices drop in the last 24 hours.

Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure

Meow Scientist (MEOWSC) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE). Meow Scientist (MEOWSC), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE). Early investors in SHIB and DOGE made astronomical returns, and Meow Scientist presents a similar opportunity. Meow Scientist has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours. The exciting memecoin is poised to rally 6,500%

Meow Scientist to Surge 6,500%, as it Looks to Challenge Shiba Inu and Dogecoin

Amid the hustle and bustle of the cryptocurrency domain investments, established players like Dogecoin wrestle

BlockDAG Soars: Stellar Moonshot Teaser and Phenomenal 30,000X ROI Potential Surpass Dogecoin and Polygon

Shiba Inu vs Dogecoin: The meme coin sector appears to have piqued notable interest among crypto market traders and investors globally, as this year kicked off on an optimistic note for this particular crypto sector. Amidst a flurry of price rallies witnessed in meme coins, the prominent rivals Dogecoin and Shiba Inu have nabbed substantial The post Shiba Inu or Dogecoin: Which Is Better & Likely to Outperform This Year appeared first on CoinGape .

DOGE.X Dogecoin

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