Bull Run Not Happening? Dogecoin (DOGE) Aims at $0.20, But There’s a Catch
The post Bull Run Not Happening? Dogecoin (DOGE) Aims at $0.20, But There’s a Catch appeared on BitcoinEthereumNews.com. Ethereum too passive Dogecoin climbs up A golden cross may happen in the coming weeks as Bitcoin is heating up once more and a significant technical event is subtly preparing behind the scenes. BTC is currently trading at about $95000. It recently surged above important resistance levels thanks to a surge of new liquidity inflows and strong momentum. In a rare alignment that indicates a significant trend shift is about to occur, the bullish move propelled Bitcoin well above its 50-day EMA ($85,000) and 100-day EMA ($88,000), with the 200-day EMA already lower at approximately $86,000. The 100 EMA is typically expected to be between the 50 and the 200, serving as a smoother indicator of midterm momentum prior to a golden cross, which occurs when the 50 EMA crosses above the 200 EMA. But as of right now, the 100 EMA remains above the 50 and the 200, indicating a distorted structure brought on by the sharp decline and subsequent recovery of Bitcoin in early 2025. BTC/USDT Chart by TradingView Even though Bitcoin has quickly recovered, the moving averages are still lagging behind price movement. It indicates distortion caused by volatility, as opposed to a steady organic trend formation. Assuming Bitcoin can hold above $90,000, the golden cross should formally occur in the coming weeks when the 50 EMA cleanly crosses above the 100 EMA. If it does, technical traders will start to pile in as it officially signals the start of a full bullish trend. In fact, it may be a good thing that the volume is still respectable but not euphoric because there is still potential for actual trend-following flows after the crossover confirms. Ethereum too passive Ethereum has been making an effort to awaken alongside the rest of the cryptocurrency market, but judging by its price…
The post Bull Run Not Happening? Dogecoin (DOGE) Aims at $0.20, But There’s a Catch appeared on BitcoinEthereumNews.com.
Ethereum too passive Dogecoin climbs up A golden cross may happen in the coming weeks as Bitcoin is heating up once more and a significant technical event is subtly preparing behind the scenes. BTC is currently trading at about $95000. It recently surged above important resistance levels thanks to a surge of new liquidity inflows and strong momentum. In a rare alignment that indicates a significant trend shift is about to occur, the bullish move propelled Bitcoin well above its 50-day EMA ($85,000) and 100-day EMA ($88,000), with the 200-day EMA already lower at approximately $86,000. The 100 EMA is typically expected to be between the 50 and the 200, serving as a smoother indicator of midterm momentum prior to a golden cross, which occurs when the 50 EMA crosses above the 200 EMA. But as of right now, the 100 EMA remains above the 50 and the 200, indicating a distorted structure brought on by the sharp decline and subsequent recovery of Bitcoin in early 2025. BTC/USDT Chart by TradingView Even though Bitcoin has quickly recovered, the moving averages are still lagging behind price movement. It indicates distortion caused by volatility, as opposed to a steady organic trend formation. Assuming Bitcoin can hold above $90,000, the golden cross should formally occur in the coming weeks when the 50 EMA cleanly crosses above the 100 EMA. If it does, technical traders will start to pile in as it officially signals the start of a full bullish trend. In fact, it may be a good thing that the volume is still respectable but not euphoric because there is still potential for actual trend-following flows after the crossover confirms. Ethereum too passive Ethereum has been making an effort to awaken alongside the rest of the cryptocurrency market, but judging by its price…
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