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Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation Cryptos | 11/22/2024 23:08:38 GMT Dogecoin price bounced 13% higher to reclaim territory above $0.40 on Friday, snapping a weeklong consolidation phase. DOGE traders deployed $355 million on leveraged long positions following Gary Gensler’s exit confirmation. DOGE price trading 3% above its Volume Weighted Average Price (VWAP) suggests another breakout could follow. Dogecoin price crossed $0.40 on Friday, after a weeklong consolidation that saw DOGE tumble 13% from last week’s peak. Derivative market reports link the DOGE rally to Gary Gensler’s imminent exit. Dogecoin reclaims $0.40 as markets react to Gensler’s exit Elon Musk’s involvement in the proposed Department of Government Efficiency (D.O.G.E) under the incoming Trump administration drove Dogecoin price to a three-year peak on November 12. But since then, DOGE slipped into a 10-day long consolidation phase as traders began taking profits. we The chart above depicts how DOGE price surged 185% between November 5 and November 12, before succumbing to a 13% dip in the subsequent ten days. When DOGE price opened trading at $0.38 on November 21, it reflected a 13% dip from the three-year peak of $0.44 recorded when Trump confirmed the D.O.G.E. formation on November 12.  However, on Thursday, news reports revealed that the head of the US Securities & Exchange Commission (SEC), Chair Gary Gensler, is set to step down from his position on January 20. Crypto enthusiasts reacted to the news positively as it signals an end to a controversial regime fraught by intense scrutiny and litigation against several crypto firms and high-profile personalities.  Within 24 hours of the announcement, the global crypto market rose to new all-time highs above $3.25 trillion, lifting top ranked coins including Dogecoin, XRP and Cardano into double-digit gains. At the time of writing on November 22, DOGE price has moved above the $0.42 level, signaling 13% gains in the last 24 hours.  $DOGE

Bitcoin price briefly tops $69,000 for new all-time high Getty Images Stock illustration of BitcoinGetty Images The price of the world's largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000. It surpassed the previous record set in November 2021 - though by 2022 Bitcoin's value had sunk to $16,500. The new surge in price has been spurred by US finance giants pouring billions into buying bitcoins. The cryptocurrency rose to around $69,200 shortly after 15:00 GMT on Tuesday, before falling back. It was trading around $62,185 by 21:00 GMT. Bitcoin's value has spiked by more than 50% over the last month, according to cryptocurrency market data platform CoinMarketCap. Carol Alexander, professor of finance at Sussex University, said its price could go higher than its new record but warned that crypto was "notoriously volatile." "Too often in the past the price crash was timed so that ordinary investors buying Bitcoin during the bubble are the ones who lose out," she told the BBC. The new record represents another dramatic moment in Bitcoin's turbulent history. It was invented in 2009 by a person or persons calling themselves Satoshi Nakamoto - their true identity remains a mystery. Conceived as a means to create money for the internet, its roots lay in an anti-establishment ethos encouraging people to live free from the existing power structure of financial institutions and governments.

Bitcoin Price Forecast: Fundstrat Sees BTC ‘Comfortably’ Over $100,000 This Year Nov 19, 202409:30 GMT+5 Tom Lee, the head of research at independent financial analysis firm Fundstrat, has reiterated his optimistic outlook for the Bitcoin price, predicting that the cryptocurrency is on track to reach the $100,000 mark before the year concludes. Optimistic Bitcoin Price Outlook In a recent appearance on CNBC’s Squawk Box, Lee discussed the implications of the political landscape following Donald Trump’s victory over Kamala Harris in the presidential election, suggesting that Bitcoin could play a pivotal role in the upcoming administration. Lee articulated that Bitcoin could serve as a solution to some of the United States’ fiscal challenges, particularly if it is designated as a national reserve asset—a promise made by Trump earlier this year at the National Bitcoin Conference in Nashville. The Fundstrat executive also highlighted Bitcoin’s robust security features and its underlying blockchain technology, arguing that these elements position it as a viable alternative to some existing financial structures. Lee believes that Bitcoin’s attributes could address several issues inherent in the current economic framework, further boosting its appeal among investors. When discussing his price forecast, Lee expressed confidence, stating, “I think comfortably over $100,000 makes sense before the end of the year.” Lee noted that the current Bitcoin price trajectory is consistent with historical patterns observed during previous Halving cycles, events that typically reduce the rate at which new BTC are created and ultimately have a positive impact on price action. Key Support Levels Identified Crypto analyst Ali Martinez also provided insights into the current Bitcoin price price dynamics, but drawing parallels with historical market behavior. He noted that during the 2017 bull market, Bitcoin surged by 156% beyond its previous all-time high before experiencing a significant correction of -39%. Similarly, in 2020, Bitcoin rose 121% prior to a -32% pullback. Based on these patterns, Martinez suggests that Bitcoin could potentially reach at least $138,000 before facing its first major correction. Further analyzing past trends, Martinez pointed out that after Bitcoin broke its previous all-time high of $19,700 in 2020, it initially surged by 26%, consolidated for about a week, and then jumped to $40,000. Currently, Bitcoin has increased by 28% after surpassing its previous all-time high and has been consolidating for the past six days, leading Martinez to speculate that history might be repeating itself. However, he also cautioned that Bitcoin could be on the verge of a steep correction. He highlighted a growing sense of greed among crypto enthusiasts as evidenced by a notable spike in Google search interest for Bitcoin, reflected in the profits realized by investors, who have collectively taken home over $5.42 billion. From a technical analysis standpoint, Martinez flagged the TD Sequential indicator, which has presented a sell signal on Bitcoin’s daily chart. Additionally, the Relative Strength Index (RSI) suggests that Bitcoin is currently in overbought territory, signaling potential for a price pullback. In the event of a correction, Martinez identified key support levels to monitor, specifically between $85,800 and $83,250, as well as further down at $75,520 to $72,880. The analyst emphasized that for a bullish outlook to remain intact, the Bitcoin price needs to maintain a sustained daily close above $91,900. Such a close could invalidate the bearish sentiment and potentially trigger a breakout toward a target of $100,680. $BTC

Bitcoin Price Forecast: Fundstrat Sees BTC ‘Comfortably’ Over $100,000 This Year Nov 19, 202409:30 GMT+5 Tom Lee, the head of research at independent financial analysis firm Fundstrat, has reiterated his optimistic outlook for the Bitcoin price, predicting that the cryptocurrency is on track to reach the $100,000 mark before the year concludes. Optimistic Bitcoin Price Outlook In a recent appearance on CNBC’s Squawk Box, Lee discussed the implications of the political landscape following Donald Trump’s victory over Kamala Harris in the presidential election, suggesting that Bitcoin could play a pivotal role in the upcoming administration. Lee articulated that Bitcoin could serve as a solution to some of the United States’ fiscal challenges, particularly if it is designated as a national reserve asset—a promise made by Trump earlier this year at the National Bitcoin Conference in Nashville. The Fundstrat executive also highlighted Bitcoin’s robust security features and its underlying blockchain technology, arguing that these elements position it as a viable alternative to some existing financial structures. Lee believes that Bitcoin’s attributes could address several issues inherent in the current economic framework, further boosting its appeal among investors. When discussing his price forecast, Lee expressed confidence, stating, “I think comfortably over $100,000 makes sense before the end of the year.” Lee noted that the current Bitcoin price trajectory is consistent with historical patterns observed during previous Halving cycles, events that typically reduce the rate at which new BTC are created and ultimately have a positive impact on price action. Key Support Levels Identified Crypto analyst Ali Martinez also provided insights into the current Bitcoin price price dynamics, but drawing parallels with historical market behavior. He noted that during the 2017 bull market, Bitcoin surged by 156% beyond its previous all-time high before experiencing a significant correction of -39%. Similarly, in 2020, Bitcoin rose 121% prior to a -32% pullback. Based on these patterns, Martinez suggests that Bitcoin could potentially reach at least $138,000 before facing its first major correction. Further analyzing past trends, Martinez pointed out that after Bitcoin broke its previous all-time high of $19,700 in 2020, it initially surged by 26%, consolidated for about a week, and then jumped to $40,000. Currently, Bitcoin has increased by 28% after surpassing its previous all-time high and has been consolidating for the past six days, leading Martinez to speculate that history might be repeating itself. However, he also cautioned that Bitcoin could be on the verge of a steep correction. He highlighted a growing sense of greed among crypto enthusiasts as evidenced by a notable spike in Google search interest for Bitcoin, reflected in the profits realized by investors, who have collectively taken home over $5.42 billion. From a technical analysis standpoint, Martinez flagged the TD Sequential indicator, which has presented a sell signal on Bitcoin’s daily chart. Additionally, the Relative Strength Index (RSI) suggests that Bitcoin is currently in overbought territory, signaling potential for a price pullback. In the event of a correction, Martinez identified key support levels to monitor, specifically between $85,800 and $83,250, as well as further down at $75,520 to $72,880. The analyst emphasized that for a bullish outlook to remain intact, the Bitcoin price needs to maintain a sustained daily close above $91,900. Such a close could invalidate the bearish sentiment and potentially trigger a breakout toward a target of $100,680. $BTC

PEPE price surges 40% in 8-hours as Coinbase, Robinhood listing sparks $10 billion demand By: Ibrahim Ajibade Published: Nov 13, 2024, 17:15 GMT+00:00 Key Points: PEPE price surged 40% within a frenetic 8-hour period on November 13, reaching an all time high of $0.000020. Amid the rally, PEPE trading volume surged past $10 billion, exceeding it's market capitalization by approximately 20%. From a technical analysis perspective, PEPE's widening Bollinger bands, and overbought RSI readings suggest major correction risks ahead. PEPE Price Forecast Pepe +18.56% Why is PEPE price going up? PEPE price surged 40% within a frenetic 8-hour period on November 13, as markets reacted to its listing on major US-based trading platforms Robinhood and Coinbase. On-chain data shows that PEPE’s short-term trading volume as exceeded its current market cap, signaling potential for intense volatility in the days ahead.