Bitcoin price It retook $77,000 as we moved into the weekend, but volatility is expected to increase in the coming hours. These days, we have seen sudden ups and downs, especially on weekends due to the negotiation table not being established. Iran made an offer, but the USA thinks that the process is blocked and this blockage will be broken with a limited attack. There are no meetings planned for this weekend. So what does the alarming signal for DOGE tell us?
Dogecoin (DOGE)
In altcoins When a strong intermediate rise begins, Dogecoin (DOGE) usually leads it. Being the biggest meme coin, the rise here attracts even more attention as it confirms the risk appetite in the market in general. Climbing to $0.11, DOGE tends to move to the resistance level as it maintains $0.1 support for now.
However, Ali Martinez, in his assessment shared today, drew attention to the historical aspect of May and warned against a decline. Since it is now the beginning of the summer months, the “sell and go on vacation” season in crypto begins in May. As we have always seen in previous years, when this season begins, volatility narrows and volume declines. This volatility contraction favors the bears as buyers are generally much weaker.
Analyst who draws attention to the TD Sequential indicator DOGE He says that the chart gives a sell signal at this point. Combined with May’s historical performance and this sell signal, and if the US’s limited attack on Iran begins soon, the price could drop suddenly in the coming days. Iran announced yesterday that they would respond comprehensively to such a “limited attack”.
Bitcoin (BTC)
The same analyst predicts today’s bottom structure in 2022. BTC He says it’s similar for . If this continues, we could see another move up before a final wave down. Afterwards, the real cycle bottom will be reached, which extends to 56 thousand dollars. Bearish analysts such as Roman Trading have been persistently saying for months that the real bottom will be around $50,000. Roman Trading even announced that it would start DCA after the 50 thousand dollar test.
Iranian This decline may occur under conditions such as intensifying tensions and Warsh’s inability to use a dovish tone at the meeting in May due to the increase in inflation. Moreover, the MSCI delist risk of companies such as Strategy has not disappeared, and as we move towards November, the possible Trump defeat in the midterm elections is expected to be priced on the BTC chart.
