US stock markets started the day very positively and crypto- focused companies are making significant gains. Coinbase and Microstrategy shares started the new day with 6 percent gains. Pre-market volumes were also strong. So, the expected rise in crypto, even if short-term, has begun. A popular analyst DOGE While announcing his goal for Bitcoin (BTC) $62,039 shared eye-catching graphics for.
Dogecoin (DOGE)
If BTC price If it is increasing, it is expected that the cash inflow for altcoins will also strengthen. Cryptocurrencies, which have been hit for about 2 quarters, continue the day with gains exceeding 5 percent after experiencing a significant sale. Today, especially in the ETF channel, inflows are expected to be strong because the Fed started the interest rate cuts with an ambitious 50bp.
Dogecoin 
$0.104475 Returning to the (DOGE) chart, the assessment shared by ali_charts says that the RSI has broken the descending trend line and is targeting the key resistance level at $0.11. What is striking here is the potential for Dogecoin price to lead the rise in altcoins with 2 important signals.
Targets are clear on the chart and with a gradual rise above $0.125, $0.18 and then $0.24 can be tested.
Bitcoin (BTC)
Mustache shared a reversal chart and highlighted how high the possibility of an uptrend is on the technical front. When you examine the chart below, you see that the BTC price is in the early stages of a significant move to reach an all-time record. The target here is $108,000 and beyond. Many experts argue that six-figure prices can easily be seen in the king cryptocurrency before the year is out.
The third, known by the nickname Crypto Fella analyst He argues that the continued rise, with higher lows being made, is impressive. At the time of writing, BTC is at $63,418 and Fella wrote:
“We are creating higher highs and higher lows on the lower time frame. The next resistance to break is around $63,900, if we maintain this structure the rally could accelerate in the last quarter.”
Bitcoin price At the time of writing, it continues to make new highs and there is a strong potential for support in the stock markets to continue into the daily close. Maybe the nightmare is over now?
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
