Cryptocurrency trader Altcoin Sherpa recently provided his outlook on the current performance of Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE). According to the analyst, the first one has been stuck in a range between $28,800 and $26,500 and could experience a slight dip to the lower level of the range. Bitcoin's value currently stands at $28,066.

Ethereum is yet to hold the key level of $1,800 to prevent it from going down to $1,750. If it holds the $1,800 level and it will likely surge into the $2,000 area. The meme token Dogecoin, on the other hand, is facing the challenge of a decline in value, yet Sherpa suggests that the coin could bounce back if it reaches it 200-day exponential moving average at the .786 Fibonacci level of about 0.0824$

The interplay between these three most influencial digital currencies could be one of the cornerstones of cryptocurrency's price performance. At the moment, BTC is continuing to move sideways and its twenty-day exponential moving average (EMA-20) of $27,847 may be difficult to cross. Ethereum is facing a pressure at the $1,800 level, with its EMA-50 crossing the EMA-200. Dogecoin, on the other hand, experienced a sharp surge in the last week. The coin may yet maintain its gains if it can stay above its 200-day EMA.

Altcoin Sherpa is not the only one that is optimistic about the potential of these three coins. An increasing number of analysts expect BTC to make new records in the months to come, while both Ethereum and Dogecoin continue to receive praise as viable alternative investments. Ethereum is one of the oldest cryptocurrencies and its newer blockchain platform is an attractive asset for developers. Dogecoin's dramatic surge last week has left many investors astounded, but with its long-term bullish outlook, the meme coin could soon become a must-have asset for any portfolio.

Overall, digital currency traders are feeling increasingly bullish about the future of cryptocurrency markets. Altcoin Sherpa's outlook suggests that Bitcoin, Ethereum and Dogecoin could soon be hitting new highs, and they could be the drivers of the rally. With each coin having different technical indicators and potentials, investors should closely monitor their movements before investing in any of them.



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