Related Reading: Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target Pointing to similarities between current market conditions and 2019, Kevin also explores a somewhat unconventional approach—performing technical analysis (TA) on the Fed’s balance sheet itself: "If we take a look at Total Assets held by the US federal Reserve […] we can see that similar to 2019 we are getting close to re-testing the 2W 200 ema and 2W RSI and LMACD are in the same spot they were before the Fed ended QT.” He anticipates that balance sheet levels could mirror 2019 conditions within the next 126 days—leading up to around the Federal Reserve’s June policy meeting, give or take a couple of weeks.
That is my call based of Macro Fundamental and Technical analysis being combined into one form of Analysis.” Digging deeper into market structure, Kevin forecasts a drop in Bitcoin dominance, a metric that measures BTC’s market capitalization relative to the entire crypto sector: "All the data I have been analyzing is telling me between March – June QT will end.
In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary policy toward easing later this year.
The story "Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline" has 544 words across 69 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline" was covered 23 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 4 news stories per day.
It's most recent story was published 13 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
