The post Here’s How High DOGE and IntelMarkets Could Go If Bitcoin Price Touches $100,000 This Cycle appeared on BitcoinEthereumNews.com.

As Bitcoin (BTC) paves the way for one of its longest accumulation phases in recent history, experts are predicting how a possible rally to $100,000 could impact other players like Dogecoin (DOGE) and upcoming tokens like IntelMarkets (INTL). With institutional attention in BTC at an all-time high, the ripple impacts on various cryptocurrencies could offer substantial opportunities and risks.  Bitcoin’s Bullish Momentum and Market Outlook Bitcoin’s performance has stepped into an exciting phase, exhibiting a prolonged accumulation period that analysts compare to past bull markets. For instance, during Bitcoin’s 2017 bull run, an eight-week value discovery phase was seen, while the 2013 cycle experienced about six weeks of similar activity.  We are presently in the second week of a potentially similar upward trajectory, which has led some experts to believe that BTC could go or even cross $96,500 by the end of the year, particularly if history repeats itself. The involvement of major institutional contenders further aids the ongoing upward path. This month alone, Bitcoin ETFs experienced an impressive inflow of more than $1.1 billion, with BlackRock’s ETF accounting for $756 million.  A big whale also added $2 billion in Bitcoin to its wallet, a clear sign of faith in Bitcoin’s long-term ability to perform. However, BTC has hit a substantial technical resistance level of about $89,000, aligned with the 161.8% Fibonacci extension of the recent rally.  Dogecoin (DOGE): Bullish Patterns and Price Potential Dogecoin (DOGE) is also garnering interest as a possibly high-performer if Bitcoin sustains its upward pathway. An expert analyst underscored the bull flag pattern in DOGE’s trading charts, a signal often associated with upcoming value surges.  The current support level for DOGE is around $0.35, a level it has held against multiple dips. If this support level is maintained, Dogecoin could experience a potential 45% hike,…

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Filed under: News - @ November 14, 2024 4:27 pm