Current Situation and Predictions for Bitcoin and Dogecoin

As Bitcoin (BTC) prices return to the $66,000 level, Dogecoin (DOGE) has registered a 6% increase in the last 24 hours with a price of $0.16. This indicates an improvement in the overall cryptocurrency markets. Additionally, the situation in the Middle East not worsening in the last 24 hours, and the anticipation for the Bitcoin halving, has created a positive sentiment in the markets. DOGE Price Analysis and Investor Behavior According to IntoTheBlock data, approximately 85% of Dogecoin holders are currently in profit. This indicates that a large majority of Dogecoin investors are satisfied with the current price level. However, it is also noted that the price has caused losses for about 12% of investors. In the event of a new wave of increase, investors are expected to be more patient and the selling pressure may decrease. Additionally, there is a trend of Dogecoin investors withdrawing from exchanges, which may […]

Current Situation and Predictions for Bitcoin and Dogecoin

As Bitcoin (BTC) prices return to the $66,000 level, Dogecoin (DOGE) has registered a 6% increase in the last 24 hours with a price of $0.16. This indicates an improvement in the overall cryptocurrency markets. Additionally, the situation in the Middle East not worsening in the last 24 hours, and the anticipation for the Bitcoin halving, has created a positive sentiment in the markets.

DOGE Price Analysis and Investor Behavior

According to IntoTheBlock data, approximately 85% of Dogecoin holders are currently in profit. This indicates that a large majority of Dogecoin investors are satisfied with the current price level. However, it is also noted that the price has caused losses for about 12% of investors. In the event of a new wave of increase, investors are expected to be more patient and the selling pressure may decrease.

Additionally, there is a trend of Dogecoin investors withdrawing from exchanges, which may reduce the appetite for selling among investors. This indicates a favorable environment for medium and long-term investment goals for Dogecoin.

Future Expectations and Technical Forecasts

Observations show that over 110 million DOGE more than the amount sent to exchanges have been withdrawn to wallets. Additionally, the number of wallets holding DOGE balance reaching 6.3 million in the last 30 days demonstrates an increase in investor confidence and interest towards the post-halving period.

Useful Information

The recent price increases in Bitcoin and Dogecoin may be an indicator of the overall optimistic market sentiment.
The fact that a large portion of Dogecoin investors are in profit can be seen as a positive sign for the continuation of the investment.
DOGE withdrawals from exchanges to wallets may indicate a decrease in selling pressure.
The increase in the number of wallets holding DOGE balance reflects investor confidence in the post-halving period.

Technically, after breaking below the $0.151 support, Dogecoin fell to $0.13 but managed to recover from there. Currently, $0.176 is seen as an important resistance level for Dogecoin and closes above this level may allow the price to move towards $0.20. $0.23 and $0.27 are important resistance levels.

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how to buy crypto?
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  • bitcoinBitcoin(BTC)
    $70,968.005.65%
  • ethereumEthereum(ETH)
    $3,678.2718.67%
  • tetherTether(USDT)
    $1.00-0.16%
  • binancecoinBNB(BNB)
    $619.717.80%
  • solanaSolana(SOL)
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  • staked-etherLido Staked Ether(STETH)
    $3,676.7718.52%
  • usd-coinUSDC(USDC)
    $1.00-0.17%
  • rippleXRP(XRP)
    $0.545.59%
  • dogecoinDogecoin(DOGE)
    $0.1635578.08%
  • the-open-networkToncoin(TON)
    $6.634.54%
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