{"id":178221,"date":"2023-10-21T01:29:20","date_gmt":"2023-10-20T19:59:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178221"},"modified":"2023-10-21T01:29:20","modified_gmt":"2023-10-20T19:59:20","slug":"crypto-trader-pins-percentage-on-bitcoins-btc-bull-market-progress-says-dogecoin-doge-meandering-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-trader-pins-percentage-on-bitcoins-btc-bull-market-progress-says-dogecoin-doge-meandering-crypto-news\/","title":{"rendered":"Crypto Trader Pins Percentage on Bitcoin\u2019s (BTC) Bull Market Progress, Says Dogecoin (DOGE) \u2018Meandering\u2019 – Crypto News"},"content":{"rendered":"

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A widely followed crypto analyst is sharing an update on Bitcoin (BTC<\/a>)\u2019s bull market progression while taking a hard look at Dogecoin (DOGE<\/a>).<\/p>\n

Pseudonymous crypto trader Rekt Capital\u00a0tells<\/a>\u00a0his 360,700 Twitter followers that BTC\u2019s \u201cbull market process\u201d is about a quarter of the way through.<\/p>\n

\u201cBTC Bull Market Progress: <\/em>25.7%\u201d<\/em><\/p>\n

Source: Rekt Capital\/X<\/figcaption><\/figure>\n

BTC is worth $29,524 at time of writing, up 10% in the last seven days.<\/p>\n

In the latest edition of his Altcoin Newsletter, the trader\u00a0says<\/a>\u00a0DOGE\u2019s recent movements have rendered a bullish divergence invalid.<\/p>\n

\u201cDogecoin is still meandering at the bottom of the Channel, however the latest development in price is that the potential bullish divergence is now most likely no longer valid.<\/em><\/p>\n

This is because the lower low had lapsed as support last week and in that same week turned into new resistance, with price also this week confirming that as new resistance.\u201d<\/em><\/p>\n

The trader says he is watching the bottom of Dogecoin\u2019s current trading channel to see if it will act as a \u201cspringboard\u201d for the memecoin.<\/p>\n

\u201cMacro-wise however, not much has changed \u2013 price still resides at the Channel Bottom and as a result continues to consolidate inside the market structure.<\/em><\/p>\n

The whole exercise here was to try and see if hidden strength is slowly manifesting around the Channel Bottom area and for the time being \u2013 there is none.<\/em><\/p>\n

Still worth watching as the Channel Bottom has acted as a key springboard for the previous 5-7 rallies.\u201d<\/em><\/p>\n

\"\"
Source: Rekt Capital\/Altcoin Newsletter<\/figcaption><\/figure>\n

DOGE is worth $0.0599 at time of writing, up 2.3% in the last week.<\/p>\n

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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 loses 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.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/YanaBu\/MrArtHit\/INelson\/Chuenmanuse<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst is sharing an update on Bitcoin (BTC)\u2019s bull market progression while taking a hard look at Dogecoin (DOGE). Pseudonymous crypto trader Rekt Capital\u00a0tells\u00a0his 360,700 Twitter followers that BTC\u2019s \u201cbull market process\u201d is about a quarter of the way through. \u201cBTC Bull Market Progress: 25.7%\u201d Source: Rekt Capital\/X BTC is worth […]<\/p>\n","protected":false},"author":2,"featured_media":8776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-178221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178221"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178221\/revisions"}],"predecessor-version":[{"id":178223,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178221\/revisions\/178223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8776"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}