Current Situation and Predictions in Bitcoin and Dogecoin

As Bitcoin (BTC) prices return to $66,000 levels, Dogecoin (DOGE) has recorded 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 has not deteriorated further in the last 24 hours, and the upcoming Bitcoin halving excitement has created a positive atmosphere in the markets. DOGE Price Analysis and Investor Behavior According to IntoTheBlock data, approximately 85% of Dogecoin holders are currently profitable. 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. If a new wave of growth begins, investors are expected to be more patient and selling pressure may decrease. Additionally, there is a tendency for DOGE investors to withdraw from exchanges, which could reduce selling appetite […]

Current Situation and Predictions in Bitcoin and Dogecoin

As Bitcoin (BTC) prices return to $66,000 levels, Dogecoin (DOGE) has recorded 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 has not deteriorated further in the last 24 hours, and the upcoming Bitcoin halving excitement has created a positive atmosphere in the markets.

DOGE Price Analysis and Investor Behavior

According to IntoTheBlock data, approximately 85% of Dogecoin holders are currently profitable. 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. If a new wave of growth begins, investors are expected to be more patient and selling pressure may decrease.

Additionally, there is a tendency for DOGE investors to withdraw from exchanges, which could reduce selling appetite among investors. This situation indicates a favorable environment for medium and long-term investment goals for Dogecoin.

Future Expectations and Technical Predictions

Observations show that more than 110 million DOGE have been withdrawn from wallets to exchanges in recent data. Furthermore, the fact that the number of wallets holding DOGE balances has reached 6.3 million in the last 30 days indicates an increase in investor confidence and interest in the post-halving period.

Useful Information

Recent price increases in Bitcoin and Dogecoin may be an indicator of the overall optimistic sentiment in the market.
The majority of Dogecoin investors being profitable can be considered a positive sign for the continuation of investment.
Withdrawals of DOGE from exchanges to wallets indicate a potential decrease in selling pressure.
The increase in the number of wallets holding DOGE balances reflects investor confidence in the post-halving period.

Technically, after breaking below the $0.151 support, Dogecoin dropped 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 could push the price towards $0.20. $0.23 and $0.27 are important resistance levels.

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how to buy crypto?
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  • dogecoinDogecoin(DOGE)
    $0.1550470.25%
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