Author: dfmines

As 2024 concludes, Dogecoin (DOGE) is attracting numerous investors and analysts who foresee a substantial price fluctuation for the meme coin. Analyst Javon Marks recently projected that DOGE will attain a target of $2.28 by year-end. This positive perspective is founded on a synthesis of market sentiment and technical analysis. Related Reading: Dogecoin Price Breaks Out Of Symmetrical Triangle Pattern, Analyst Puts Target Above $0.37 Short-Term Bullish Momentum The technical side shows good bullish momentum in the short and medium term for Dogecoin. There’s likely to be an approximate rise of 206% over the next three months with the current sentiment of the market. This is indicative of increased interest in DOGE because it continues to position itself as a potential investment vehicle. In the next six months, a more tempered but still significant growth of 51% is expected, according to CoinCheckup. That means that the upward trend in Dogecoin can persist at a healthy rate. Bull Market Patterns The Fibonacci expansion analysis shows Dogecoin’s bull market patterns, which fuels Javon Marks’ forecast. DOGE rose from $0.00009 to $0.00748, matching the 1.618 Fibonacci level in 2015–2017. The 2020–2021 cycle saw it rise from $0.00168 to $0.73, surpassing the 1.618 Fibonacci level at $0.03912. $DOGE (Dogecoin) Update: The history hasn’t changed and still points to a fairly high likeliness of a price run to AND ABOVE the 1.618 Fib Extension level as it did every cycle prior to this and this time around, that’d result in a more than 570% increase from here to $2.28+! https://t.co/BtYB3vaWHH pic.twitter.com/Fdvqb7FtCW — JAVON⚡️MARKS (@JavonTM1) December 25, 2024 Even though the price has dropped about 46% since its high point of $0.48, people are still generally hopeful. A lot of people think that DOGE could easily break through barrier levels and go to higher levels if the market as a whole is in a good mood. At the time of writing, the price of DOGE is around $0.3227. If Marks’ prediction holds true, then DOGE would have risen by 606% by the end of 2024. Dogecoin (DOGE) prices have gone up and down a lot in the past. In 2017, the coin started a parabolic rise that saw it rise by 200% and then drop by 40%. After that, it went up by an insane 5,000%. DOGE went through a similar trend in 2021. It went up 476%, then down 56%, and then up to 120%. Medium To Long-Term Predictions Looking forward to the one-year mark, the projections are still quite conservative at 24%, which will probably indicate stabilization after the initial growth. Although the short-term prospects for Dogecoin are extremely bullish, medium- and long-term gains might moderate with the change of market conditions. Related Reading: Moo Deng Crypto Climbs 70% On News Of Buterin’s Baby Hippo Adoption Other analysts are even predicting Dogecoin to reach $1 or $4 in the next few years, besides Marks’ predictions. In short, the convergence of political development, technical factors, and social sentiment has created a unique environment for growth. With DOGE gaining more ground as a payment method for many businesses, its utility in the cryptocurrency ecosystem will also grow. Featured image from TechRadar, chart from TradingView

Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.

While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.

The FBI and other agencies linked a group of North Korean threat actors, known as ‘Tradertraitor,’ to May 2023’s $308 million hack of DMM, a Japanese exchange. The hackers used social engineering to access internal communications and perpetrate the attack. FBI Unveils Korean Connection in DMM Multi-Million Hack The Federal Bureau of Investigation (FBI) in […]

The recent rejection at the $100,000 has prompted a wave of warnings from leading financial analysts, who caution that Bitcoin could be poised for a significant pullback toward the $70,000 region or, in some cases, even $60,000. Ali Martinez (@ali_charts), a crypto analyst, compiled the viewpoints of several market veterans on X , offering a multi-perspective take on the likelihood of an impending correction. Bitcoin Price Crash Incoming? One of the voices in this discussion is Tone Vays, a well-known trader who has expressed grave concerns about Bitcoin’s trajectory. Vays conveyed that Bitcoin trading below $95,000 is “very, very bad” as it heightens the likelihood of a correction to around $73,000. In a shared video, Vays elaborated, “We’re now opening the month day trading below $95,000, […] getting too close to the $92,000 range literally opens like Pandora’s box into a massive crash down to $73,000. Now, I’m not saying it’s going to crash $73,000. I’m saying the possibility has significantly increased that we can easily go to $73,000. You are sitting at the last line of support.” Related Reading: Bitcoin Reserve Idea Sparks Cautious Response From Japan PM: Report Peter Brandt, another prominent analyst, added to the growing concern by discussing the formation of a “broadening triangle” in Bitcoin’s price chart. According to Brandt, this pattern could potentially project a retracement toward the $70,000 zone. Although Brandt was careful to clarify that his statements are not definitive predictions, he emphasized the increased possibility of such a movement. “Hey trolls — this is not a prediction. Just always pointing out possibilities, not probabilities, not ‘certainties’. No screen shot is necessary, BTC right angled broadening triangle could project back into the $70,000s and a test of the parabolic modality,” Brandt stated. Contrasting with these bearish viewpoints, Fundstrat maintains a more optimistic long-term perspective, predicting that Bitcoin could reach $250,000 by 2025. However, Fundstrat’s Global Head of Technical Strategy, Mark Newton, acknowledges the potential for short-term volatility, suggesting that Bitcoin might experience a downswing to $60,000 before embarking on its ascent. In a video shared by Martinez, Fundstrat CEO Tom Lee elaborated on this outlook: “Bitcoin, one year from now, I think is something around $250,000. […] it is hyper volatile. People don’t like the volatility. Yeah, Mark Newton, our technician, thinks that the cycle of Bitcoin turns a little bit down early next year, so maybe Bitcoin gets to the $60,000s.” Related Reading: Bitcoin Sentiment Still Close To Extreme Greed: More Cooldown Needed For Bottom? Adding to the chorus of caution, Benjamin Cowen, CEO and Founder of Into The Cryptoverse, posits that Bitcoin’s price action could mirror that of the Nasdaq 100 (QQQ). According to Cowen, this alignment could precipitate a “flash crash” to $60,000, potentially coinciding with Donald Trump’s inauguration day. From an on-chain analysis standpoint, Martinez confirms the bearish possibilities. He notes that if Bitcoin falls below $93,806, the path to $70,085 becomes increasingly plausible, describing the area below as “open air all the way down to $70,085.” Martinez identifies the critical support zone between $97,041 and $93,806, emphasizing that failure to maintain these levels could trigger a sharp decline. He observes that market dynamics indicate some investors are preparing for such a downturn, evidenced by the transfer of over 33,000 BTC (valued at more than $3.23 billion) to exchanges in the past week. Additionally, profit-taking appears to be intensifying, with more than $7.17 billion in Bitcoin profits realized on December 23 alone. The proportion of Binance traders with open long positions on BTC has also decreased from 66.73% to 53.60%, suggesting a shift in market sentiment towards a more bearish stance. Ultimately, Martinez underscores the importance of Bitcoin reclaiming the $97,300 support zone to invalidate the bearish forecasts. “Bitcoin recently broke below one of its most significant support zones at $97,300. So, for the bearish outlook to be invalidated, BTC must reclaim this critical area of support and, more importantly, sustain a daily close above $100,000,” he states. Should Bitcoin manage to sustain a daily close above $100,000, Martinez posits the potential for a significant upswing, possibly reaching $168,500 based on the Mayer Multiple. However, the failure to do so leaves the door open for the predicted corrections to materialize. At press time, BTC traded at $96,905. Featured image created with DALL.E, chart from TradingView.com

Hey everyone, Here’s an update on the setup I mentioned yesterday. The price hit the level and surged quickly in just a few minutes, leaving no chance for a pullback. Currently, we’re up 3%, and the trend looks strong, supported by demand level pressure. I see this as a clear uptrend and anticipate it could…
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Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.

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BTC price targets calling for new local lows gain an $80,000 warning from longtime trader and analyst Aksel Kibar.