New Price Predictions For Bitcoin, Ethereum And Dogecoin Are Out | CryptoGazette
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Despite the massive market volatility, there are all kinds of optimistic predictions about the price of some important digital assets. Check out the price forecast below.
Price predictions for Bitcoin, Ethereum, and Dogecoin are out
A popular crypto trader is updating his outlook on Bitcoin, Ethereum, and the meme coin Dogecoin.
The pseudonymous crypto strategist Rekt Capital said recently that Bitcoin must recover a crucial price area before the week comes to a close in order to sustain its bullish momentum.
“Weekly candle close above ~$43,100 and BTC could see further upside into the high $50,000s.”
According to Rekt, Bitcoin managed to break out of a large reversal pattern on the weekly timeframe and is now retesting its previous resistance into support.
“BTC has broken out from its ascending triangle. Now BTC is in the process of retesting the ascending triangle top as new support in an effort to fully confirm the breakout. Retest is in progress.”
At the time of writing this article, BTC is trading in the red and the coin is priced at $42, 592.
The trader is also looking at the price of Ethereum (ETH), and he says that the top altcoin may retest the $3,000 area after failing to bust through its monthly resistance level of $3,440.
“ETH has rejected from the blue $3,440 Monthly resistance. Therefore a revisit of ~$3,000 (black) is now a possibility. It’s worth repeating that when black gets retested on a dip – wicks occur. So if ETH dips to black, it could wick into the green higher low.”
Rekt Capital also brings up Dogecoin and says that the crypto could rally to nearly $0.28.
“DOGE is still in the process of reclaiming the $0.14 range low as support (green). That said, reclaim [that range] as support, and DOGE will have confirmed a return to this +44%-wide range.”
The optimistic predictions about some coins in the crypto market continue.
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