- Bitcoin (BTC) is predicted to surge by 21-22% and reach around $106,333 by December 14, 2024, according to CoinCodex’s technical analysis.
- Dogecoin (DOGE) is predicted to drop by around 7.6% and reach $0.345314 by December 15, 2024, as per CoinCodex’s forecast.
- The bullish momentum in Bitcoin is attributed to factors like the US elections outcome and anticipation of potential crypto-friendly policies under Elon Musk’s new government role.
This weekend could be an exciting one for the two leading cryptocurrency tokens, Bitcoin (BTC) and Dogecoin (Doge). Both have been performing extremely well lately and are poised to potentially reach new highs in the coming days.
Bitcoin’s Recent Performance
Bitcoin has been on an impressive run, having just broken the $90K barrier to reach $93.5K. While it has pulled back slightly to around $90K, BTC seems determined to retest the $93K level VERY soon.
Factors Driving Bitcoin’s Surge
A few key factors have contributed to Bitcoin’s recent surge:
- The U.S. elections resulted in a Trump victory, which boosted crypto overall.
- Asset management firm VanEck predicts BTC could hit $180K in 2025.
- Technical analysis sites like CoinCodex forecast BTC reaching $95K soon and $106K by December.
Dogecoin Following Bitcoin’s Lead
Like Bitcoin, Dogecoin has also been performing extremely well thanks to a couple key drivers:
- Bitcoin’s momentum is lifting the overall altcoin market.
- Elon Musk’s new role in the U.S. government is boosting anticipation of crypto-friendly policies.
What’s in Store for Dogecoin?
- CoinCodex predicts Dogecoin may rise 4% to $0.037 soon.
- However, they estimate it dropping 7% by month’s end.
Conclusion
This weekend presents potential opportunities for both Bitcoin and Dogecoin to reach new highs. Bitcoin seems especially primed for a push towards $90-92K, with Dogecoin anticipated to see modest gains and losses short-term. It will be an interesting few days for these two crypto giants.
