CandleFocus Is Bitcoin (BTC) in Secret Downtrend? Dogecoin (DOGE) Breaks Key Resistance Level, Ethereum (ETH) in Pain With No Signs of Breaking Through
2025-01-18
Author: Content Editor
Bitcoin has been rising steadily above $100,000 but there are signs that it may still be in a covert downward trend. It needs to surpass its previous peak of $110,000 to maintain its upward trend. The volume profile of Bitcoin is contributing to the uncertainty. Dogecoin has successfully broken through a significant resistance level and is aiming to cross the 50 EMA resistance. The $0.40-$0.50 range could be the target of future upward movement for Dogecoin. Ethereum is struggling and trapped in a consolidation phase, failing to recover its earlier highs. It needs to break through the resistance levels at the 50 EMA to regain bullish momentum.
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