Bitcoin (BTC) and Dogecoin (Doge), both tokens, have been performing extremely well due to BTC’s strong momentum. As Bitcoin continues to scale new highs, the altcoin market is also responding to its positive price pace, bringing in new price spots and ATH for many tokens.
Here’s how Bitcoin and Dogecoin could fare this weekend. Can both of these tokens claim a new high, considering the high influx of the season?
Also Read: FTC to Investigate Microsoft: What it Means for MSFT Stock
Bitcoin Price Prediction For This Weekend
Source: Freepik.com
Bitcoin has broken an incredible record by breaching the $88K level to sit at $90K. However, the token has come down to currently trade at $87vaK, but nevertheless, the quest of BTC to breach the $90-$92K mark again is running in full swing. The US elections, with Trump emerging as the ultimate winner of the race, have helped Bitcoin soar past predicted price levels. VancEck, the leading asset giant, has already forecasted a new price level for BTC, claiming that the token can hit $180K by the end of this year.
According to CoinCodex, BTC may surge by 9% to hit a new price mark of $95K.
Image: CoinCodex
By the end of this month, Bitcoin may sit at a whopping $106K, surging 20% in the process.
Image: CoinCodex
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 21.20% and reach $106,333 by December 14, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 88 (extreme greed). Bitcoin recorded 18/30 (60%) green days with 8.41% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
Also Read: Apple: APPL Keeps Setting Records as Samsung Loses Market Share
Dogecoin Price Prediction For The Weekend
Source – Crypto News Flash
Dogecoin is another leading cryptocurrency meme coin that has been doing extremely well in the market as of late. Dogecoin is gaining immense traction lately due to two prominent reasons. Firstly, as Bitcoin soars to new highs, the overall altcoin market is basking in bullish waters due to BTC’s price spikes, ushering in gains for investors.
Secondly, the US elections have led Elon Musk to assume an important cabinet role, crowning him as the head of the Department of Government Efficiency, or DOGE. Musk is proudly referred to as the Dogefather and is expected to introduce new amendments to the realm. The anticipation of such changes is also playing a key role in pushing Bitcoin’s price up a notch.
Per CoinCodex, Dogecoin may surge 4% to hit a new price mark of $0.37.
Image: CoinCodex
However, CC predicts the token to drop by 7% by the end of this month.
Image: CoinCodex
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -7.61% and reach $0.345314 by December 15, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 88 (extreme greed). Dogecoin recorded 20/30 (67%) green days with 41.00% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
Also Read: 18 US States File to Sue SEC Over Treatment of Crypto Industry
