CandleFocus Trader That Called 2021 Crypto Collapse Flips Bullish on Dogecoin, Hints at Bitcoin Breakout Now
2024-10-22
Author: Content Editor
The pseudonymous analyst Dave the Wave, who accurately predicted the May 2021 Bitcoin (BTC) collapse, is now turning bullish on Dogecoin (DOGE). He suggests that DOGE may be forming a bullish ascending triangle pattern and could soon break through resistance, potentially reaching $0.20 and even rallying close to its all-time high of $0.73. Additionally, Dave the Wave mentions that if BTC can break through a key resistance level, it could lead to fresh all-time highs. However, he also suggests that a Bitcoin breakout may be delayed as it may be forming a cup-and-handle pattern on the daily timeframe. At the time of writing, DOGE is trading at $0.14, up 1.2% in the last 24 hours, while BTC is trading at $67,351, down over 2% in the last 24 hours.
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