The cryptocurrency market has experienced a period of consolidation, resulting in corrections for both Bitcoin and Dogecoin. Bitcoin has retraced from its all-time high to around $93,000, while Dogecoin has dipped from $0.48 to just over $0.30. Technical analysis suggests a correlation between Bitcoin and Dogecoin, indicating that Dogecoin could surge to $5 in the coming months. This correlation has been observed in previous market cycles, with a consistent pattern of approximately 800 days between Bitcoin's bottom and Dogecoin's peak. The current market cycle aligns with this pattern, potentially leading to a Dogecoin peak around March or April 2024. Despite being down 1.8% in the past 24 hours, Dogecoin could experience a 1,460% increase from its current levels to new all-time highs. Some analysts even predict a Dogecoin price target of $20 by 2025.



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