Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Isn’t Over, Reveals Five-Year Forecast for Altcoins

The chief executive of a prominent crypto analytics firm believes that the Bitcoin ( BTC ) bull market has enough fuel to witness more rallies. CryptoQuant CEO Ki Young Ju tells his 401,300 followers on the social media platform X that demand for Bitcoin spot market exchange-traded funds (ETFs) is still going strong, indicating that deep-pocketed investors are positioning for more BTC rallies. Ki notes that he thinks BTC will print a market cycle top once demand for Bitcoin ETFs tapers off. “The Bitcoin bull cycle isn’t over. The buying engine for paper Bitcoins is still running. In 2021, the downturn came two months after GBTC (Grayscale Bitcoin Trust) inflows dried up. No need to rush calling the cyclical top until ETFs, MSTR (MicroStrategy), and institutional buying slow down.” Source: Ki Young Ju/X At time of writing, Bitcoin is trading for $99,669. Turning to altcoins, Ki believes that investors will see alts in a different light in five years. According to the analyst, most altcoins will stop serving as speculative assets as he believes investors will value them based on their earnings – much like how they value stocks. “The era of altcoins existing solely as a measure of internet attention span will be over within five years. Meme coins will persist as gambling products… Beyond those, altcoins that are actually building will evolve into employment contracts for internet knowledge workers. It is undeniable future that these altcoins will evolve into an internet economic framework that enables compensation for the value generated in the processes of information creation, distribution, and acquisition.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Isn’t Over, Reveals Five-Year Forecast for Altcoins appeared first on The Daily Hodl . U.Today

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Dogecoin set for ‘steep price correction ahead,’ warns expert

Dogecoin ( DOGE ) is facing another round of bearish pressure, aligning with the general cryptocurrency market narrative, with a trading expert warning of more losses for the top meme coin. The potential drop stems from a technical formation where DOGE is experiencing a bearish crossover between the Market Value to Realized Value (MVRV) Ratio and its 30-day Simple Moving Average ( SMA ). Historically, this has signaled downward pressure, according to prominent trading expert Ali Martinez in an X post on February 2. DOGE price analysis chart. Source: Ali_charts The MVRV Ratio is a key metric to assess whether an asset is overvalued or undervalued relative to its realized price. When the ratio crosses below its 30-day SMA, it often suggests that holders are entering a period of profit-taking, leading to increased selling pressure. “DOGE just experienced a bearish crossover between the MVRV Ratio and its 30-day SMA, signaling a steep price correction ahead,” Martinez stated. Initially, in another X post on February 1, Martinez suggested that Dogecoin would likely drop to $0.20, observing that it followed a similar pattern to Pepe (PEPE). Based on the four-hour chart, Dogecoin appeared to mirror PEPE’s recent price drop. DOGE and PEPE price analysis chart. Source: Ali_charts At the time, Martinez emphasized that the $0.31 support level was crucial to avoid further declines. If this support fails, historical price action indicates that DOGE could see a deeper correction toward $0.20, aligning with PEPE’s recent trajectory. Dogecoin’s potential recovery path Meanwhile, pseudonymous trading analyst Trader Tardigrade suggested that Dogecoin’s downturn might not last long. According to the expert, DOGE might be gearing up for a bullish turnaround, as the meme cryptocurrency shows a bullish divergence on its daily Relative Strength Index ( RSI ). Despite DOGE forming a new lower low in price action, the RSI indicator is printing a higher low, signaling that downside momentum is weakening and a potential trend reversal could be on the horizon. DOGE price analysis chart. Source: TradingView Historically, such divergences often precede an upward move as selling pressure subsides and buyers step in. As reported by Finbold, Trader Tardigrade initially stated that DOGE has the potential to spike by about 3,000%, given historical setups. In general, Dogecoin is experiencing notable capital outflows as cryptocurrency markets continue to be impacted by uncertainties stemming from the DeepSeek sell-off . Additionally, there is uncertainty in the market following President Donald Trump’s announcement of a 25% tariff imposition on goods from Canada and Mexico. The drop in DOGE has largely been led by Bitcoin, which lost its $100,000 support level. Indeed, Dogecoin has also failed to react to bullish news surrounding the token. Specifically, there was anticipation of a DOGE rally following Grayscale’s launch of a Dogecoin Trust, which has increased institutional interest in the coin. The potential influx of institutional capital from such an investment product is vital in helping the meme coin move toward the $1 mark. DOGE price analysis As of press time, DOGE was trading at $0.30, having plunged by over 8% in the last 24 hours, while on the weekly chart, the token is down 10%. DOGE seven-day price chart. Source: Finbold As things stand, Dogecoin investors should anticipate further downward momentum, considering the asset’s technical setup for the short term remains bearish. For instance, the price is below the 50-day SMA ($0.3513) but remains above the 200-day SMA ($0.2247), indicating long-term support. Featured image via Shutterstock The post Dogecoin set for ‘steep price correction ahead,’ warns expert appeared first on Finbold . U.Today