The post Peter Brandt Spotlights Bitcoin and Dogecoin Correlation appeared on BitcoinEthereumNews.com.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Legendary trader Peter Brandt is likely turning into a Dogecoin (DOGE) fan, considering his latest charts for the meme coin. Taking to X, Brandt spotlighted a historical chart correlation between Bitcoin (BTC) and the meme coin dating back to 2015-2016. In the chart shared by the veteran chartist, the asset’s price might be getting started with its bullish rally. Dogecoin in cool-off phase before ride The broader market is likely experiencing some form of bearish consolidation. Dogecoin is included in this receding price move, as it has shed some of its gains overnight. As of writing, the price of Dogecoin has dropped by 9.15% in 24 hours to $0.3787. This cool-off comes after the coin crossed the $0.4 resistance level for the first time since June 2021. Related To Peter Brandt, Dogecoin is exhibiting a blow-off top but with a visible correction through the falling wedge pattern. The coin also exhibits a double bottom with a complex correction following the completion of this pattern.  Does anybody see the similarities of $DOGE to the $BTC chart in 2015-2016?-Blow off top-Correction via a falling wedge-Double bottom-Complex correction following completion of double bottomDOGE is at life cycle where BTC was in May 2016It was the chart in Spring 2016 that… https://t.co/bpJbFyrAyS pic.twitter.com/QiOhpEnaal — Peter Brandt (@PeterLBrandt) November 13, 2024 The veteran…

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Filed under: News - @ November 14, 2024 11:21 am