The US stock markets opened positively, with cryptocurrency-focused companies reaping significant gains. Shares of Coinbase and Microstrategy began the day with a rise of 6%. Pre-market volumes were also strong, indicating a potential short-term surge in the crypto market. A popular analyst revealed targets for Dogecoin 
$0.388344 (DOGE) while sharing noteworthy charts for Bitcoin (BTC) 
$90,047.
Dogecoin (DOGE)
If the BTC price is rising, a stronger influx of cash is expected for altcoins as well. After two quarters of pressure, cryptocurrencies that experienced considerable sell-offs are now continuing with gains exceeding 5%. Today, especially significant entry points are anticipated in the ETF channel due to the Fed’s ambitious 50 basis point interest rate cuts.
Returning to the Dogecoin (DOGE) chart, an evaluation shared by ali_charts indicates that the RSI has broken its declining trendline and is targeting a key resistance level at $0.11. Notably, Dogecoin has the potential to lead altcoins in price surges based on two significant signals.
The targets on the chart are clear, with gradual rises above $0.125 potentially testing $0.18 and subsequently $0.24.
Bitcoin (BTC)
An analyst known as Moustache shared a reverse chart, emphasizing the high probability of a bullish trend from a technical perspective. Upon examining the chart, it is evident that BTC is in the initial phase of a significant move to reach its all-time high. The target here is $108,000 and beyond. Many experts suggest that six-figure prices for this leading cryptocurrency are easily achievable before the year ends.
Another analyst, known by the pseudonym Crypto Fella, argues that the ongoing rise, characterized by higher lows, is impressive. As of the writing, BTC was at $63,418, and Fella noted,
“We are creating higher peaks and higher lows in lower timeframes. The next resistance to break is around $63,900; if we maintain this structure, the rise could accelerate in the last quarter.”
As of the writing, the Bitcoin price continues to make new peaks, supported by the stock market’s momentum, which has the potential to sustain this strength until the daily close. Perhaps the nightmare is finally over?
