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Home»ALTCOIN NEWS»Crypto Trader predicts Bitcoin will surge by double digits as Dogecoin’s rival flashes bullish signals.
ALTCOIN NEWS

Crypto Trader predicts Bitcoin will surge by double digits as Dogecoin’s rival flashes bullish signals.

By Crypto FlexsFebruary 1, 20242 Mins Read
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Crypto Trader predicts Bitcoin will surge by double digits as Dogecoin’s rival flashes bullish signals.
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Crypto trader and strategist Ali Martinez expressed bullish sentiments about Dogecoin (DOGE) rival and Bitcoin (BTC).

Martinez says 42,700 followers on the

TD Sequential Indicator is used to predict the possibility of a market trend reversal.

“SHIB could rise to $0.010 or potentially $0.011, so watch carefully!”

Source: Ali Martinez/X

As of this writing, Shiba Inu is trading at $0.00000903.

Martinez Switches to Bitcoin Called Based on historical precedent for market-to-realized value (MVRV), the leading cryptocurrency asset could rise approximately 41% from current levels.

MVRV is the ratio of Bitcoin market capitalization to realized capitalization. In other words, it is the value assessed at the price at which all Bitcoins were purchased. MVRV’s extreme deviation price bands are used to determine possible market lows and highs. 1.0 standard deviation is the upper band and -1.0 standard deviation is the lower band.

“In past bull markets, Bitcoin touched the average MVRV price band and then bounced back strongly.

We are now seeing a similar pattern. With the recent average MVRV rebound from $40,500, there is a possibility that BTC will surge towards the 1.0 standard deviation line of $60,000!”

Source: Ali Martinez/X

At the time of this writing, Bitcoin is trading at $42,653.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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