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.
- Content Editor ( dailyhodl.com )
- 2024-10-22
Trader That Called 2021 Crypto Collapse Flips Bullish on Dogecoin, Hints at Bitcoin Breakout Now