Crypto Trader Who Predicted Bitcoin Bear Market Bottom Expects DOGE Price Rally

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A top trader using Smart Contract on the microblogging platform Twitter predicted a potential Dogecoin ($ DOGE) price increase, predicting that it could peak at $ 0.41 after rising.

In a tweet shared with its more than 150,000 subscribers, Smart Contract said that DOGE looks ironically primed and breaks a key downtrend, and even wondered if the meme crypto-asset season is back.

Source: Smart Contract on Twitter

According to data from CryptoCompare, Dogecoin is currently trading around $ 0.25 after rising 5% in the last 24 hours. The cryptocurrency has recovered from a low of $ 0.16 it saw after hitting an all-time high of $ 0.74.

As CryptoGlobe reported, the price of Dogecoins exploded earlier this year after traders tried to push it to $ 1, and continued to pump with the support of various celebrities, including Tesla CEO Elon Musk. . A panel of experts interviewed by Finder predicted that DOGE could reach $ 1.2 by 2025, while expecting it to close this year at around $ 0.42.

On Twitter, Smart Contract also predicted that The Graph (GRT) index protocol could turn bullish after going through a long build-up phase. The trader is well known for, in June 2018, accurately predicting the bear market bottom of $ 3,200 in December of the same year. At the time, the price of BTC had been declining since December 2017, when it hit an all-time high of nearly $ 20,000.

In June of this year, while responding to another user asking what would happen next in the markets, the pseudonymous analyst revealed that he was leaning towards 28k and then the new ATH. The price of BTC, of ​​note, drops to $ 29,000 before returning to its current level of $ 45,000.

Likewise, Bloomberg analyst Mike McGlone recently revealed that he believes Bitcoin and Ethereum to be discounted bull markets that solidified their support bases in June and July, and may resume their price paths at rising in the near future, with $ 100,000 at stake for BTC.

DISCLAIMER The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.

IMAGE CREDIT Featured Image via Unsplash

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