Crypto Analyst Updates Outlook on Bitcoin (BTC), Dogecoin (DOGE) and One Top AI Altcoin - The Daily Hodl

The Daily Hodl
The Daily Hodl

17 Nov 2023 8:55 PM

A widely followed crypto trader is taking a look at king crypto Bitcoin (BTC) while diving into two top altcoin projects....

  • Crypto analyst Rekt Capital suggests that Bitcoin's future performance could follow either the 2016 or 2019 historical patterns.
  • If the 2016 pattern repeats, Bitcoin may continue trading sideways until two months before the next halving event in April 2024.
  • If the 2019 pattern repeats, Bitcoin could experience a deeper retracement before the halving.
  • Dogecoin (DOGE) has confirmed a breakout to the upside, with a weekly close above resistance and successful retest of support.
  • Ocean Protocol (OCEAN) is showing signs of retesting support and may experience upside movement towards $0.48.

The sentiment in the article is mostly neutral, providing analysis and observations about Bitcoin, Dogecoin, and Ocean Protocol without expressing a strong positive or negative sentiment.

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You May Ask

What are the two possible outcomes for Bitcoin's future performance according to Rekt Capital?When is the next Bitcoin halving event expected?What breakout has Dogecoin (DOGE) recently confirmed?What is Ocean Protocol (OCEAN) aiming to enable users to do with artificial intelligence (AI)?What is the current price of Dogecoin (DOGE) and Ocean Protocol (OCEAN) at the time of writing?

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