- Bullish sentiment gains momentum as Bitcoin break the $65,000 price mark.
- Altseason expectations grow as altcoin price charts show bullish signals.
- Dogecoin (DOGE) shows the potential of setting $10 ATH this crypto bull cycle.
Bullish sentiment gains traction in the crypto market as Bitcoin (BTC) shortly reclaimed its $65,000 price mark and the Crypto and Greed Index points at a score of 55 indicating that the market sentiment lies in Greed. This paired with high expectations for altseason is fueling greater bullish sentiment from the crypto community.
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Altseason Sparks Bullish Expectations for DOGE Price
In detail, many altcoins have already been printing massive bullish signals in their many price charts. While some are printing heavy bullish patterns like JASMY’s Cup and Handle pattern, others like Cardano (ADA) are mirroring previous historic price action preceding parabolic pumps. These signs point to a possible altcoin surge in the coming months.
Specifically, one analyst observes interesting price movements for the pioneer crypto asset Dogecoin (DOGE). In particular, this analyst is expecting DOGE price to hit a monumental $10 in the bull run phase of the ongoing crypto bull cycle.
As we can see from the post above, the analyst observes how in recent weeks, the asset’s price action has established a bottom. He then notes how historically, bull runs begin when the green and red lines intersect, leading to a price surge in the following weeks. Thus, he anticipates a similar pattern this cycle, that could begin in the first week of September.
Can DOGE Price Hit $10 This Bull Run?
He tells readers to expect predominantly green weeks as we approach the end of the year much like in previous cycles after the golden cross happened. Additionally, he states that every third year of the cycle, we see the price increase.
To highlight, he remarks how in the first cycle, the price rose 1.5 times from the start of the year (2016) and in the second cycle, the price ended the year 2.5 times higher than where it started that year (2020). Hence, if this trend continues, he predicts that this year will close around $0.31, which is 3.5 times the starting price of $0.09051 from the start of 2024.
Therefore, based on historical patterns, Dogecoin (DOGE) could experience some of its most substantial price increases in 2025. Similar to previous cycles, the analyst anticipates a significant surge in the fourth year (2025). Finally, he states that in 2017, DOGE price saw a 9000% surge, in 2021 it rose by 18,000%, and if this repeats we may see a similar exceptional surge.
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