Bitcoin bulls appear ready to make a run at the 200-day SMA, which could pull BTC price toward $92,000 and reinvigorate altcoins.
Cryptocurrency Dogecoin (DOGE) News
Dogecoin (DOGE) is a cryptocurrency built around the popular “doge” meme featuring a Shiba Inu. Founder Jackson Palmer announced the project on Twitter in November 2013 as a joke. When friends and industry peers encouraged him to pursue the project, Palmer purchased the domain dogecoin.com and began building. He was soon joined by Billy Markus.
The founders believed that Dogecoin could be a more lighthearted and accessible introduction to cryptocurrency, as Bitcoin (BTC) had started to become stigmatized following the Silk Road debacle and mining had become increasingly unfeasible with consumer laptops. Palmer left the project in June 2014.
Dogecoin is based on Luckycoin (LKY), which is itself a fork of Litecoin (LTC). It features an inflationary monetary policy with no cap. The block reward is set at 10,000 DOGE per block per minute.
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Bitcoin’s recovery near $85,000 shows solid buying at lower levels, signaling that the downside may be limited.
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Bitcoin’s bounce off $76,606 is facing selling near $85,000, but there are early signs that the selling pressure could be reducing, and a bottom may be nearby.
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DOGE price is down 8% on March 11, and rejection from a major resistance zone points to a deeper correction in the short term.
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Bitcoin risks a fall below the critical $78,258 support, opening the doors for a further fall to $73,777.
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Bitcoin is trying to form a higher low at $85,000, but the recovery attempt faces stiff resistance at $90,000, signaling a tough battle between the bulls and the bears.
9645 - Price Analysis
Bitcoin struggles to overcome $90,000 as bears attempt to hold the level as resistance, but BTC and altcoin charts suggest the upside is the most likely path that prices will take.
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NYSE Arca has filed paperwork that would enable the exchange to list the Bitwise Dogecoin ETF if approved by the SEC.
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Bitcoin’s sharp recovery is proof that dip buyers remain active at lower levels. Will altcoins follow?
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Bitcoin appears on the verge of losing the $85,000 level, which could trigger a cascading liquidation event. Will bulls show up to buy the dip and defend a critical support level?
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CryptoQuant CEO Ki Young Ju predicts a selective altcoin season in 2025, where ETF approvals and strong fundamentals will help determine the winners.
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Bitcoin price is at risk of falling from its current trading range and exploring new lows under $90,000. Can bulls turn the tide?
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Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?
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The current altcoin downtrend “points toward possible capitulation as overleveraged positions are flushed out,” one analyst told Cointelegraph.
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Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
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