Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible

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Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible - NewsBTC

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Since then, Bitcoin has entered a new bullish phase, gaining momentum in the second half of 2023 and throughout 2024. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 Keeping in mind the 800-day trend, Dogecoin’s next major peak could align with a timeline of approximately 800 days from Bitcoin’s 2023 bottom.

This first time this pattern showed up was in 2017, when the Dogecoin price peaked 868 days after Bitcoin’s bottom of the preceding bear phase in 2015.

The 800-Day Trend: A Case For Dogecoin’s Correlation With Bitcoin Bitcoin and Dogecoin have one of the biggest correlations among cryptocurrencies, particularly during market cycle transitions.